About IT World and Business
Technology has become a major part of global business. Every business has its own IT tools and software in order to manage their business. These software and programs help businesses cut their operational expenses by automating certain tasks. They also help to improve the security and confidentiality of their data. These programs also help companies save money they would have invested in hiring more employees. These companies can invest the money they would have spent on hiring more employees in other areas, such as marketing, cyber security, and employee revitalization programs.
Digital technologies are disrupting several processes within MNEs, and straight from the source allow MNEs to reposition themselves to provide value to customers by shifting their costs and activities from themselves to complementors, consumers and partners at home and abroad, the future role of IT is rapidly changing. This is creating new opportunities and challenges. The main challenges are the rapid erosion of MNEs’ competitive edge and the emergence of new risks. The opportunities include greater market influence, broader market access and quicker innovation.
The relationship between IT and business was antagonistic. When projects failed, each pointed the finger at the other. This was further exacerbated by nature of IT projects, which were complex and expensive to design. Even with a contract to ensure that the company understood the IT offered it was difficult to know what could be wrong. The requirements also changed frequently as the technology developed. This gap can be closed by establishing a new type of collaboration between IT and business called the partnership.
