About IT World and Business
Technology has become an integral part of global business. Every business has its own IT tools and software in order to manage their business. These programs and tools help companies to cut operational expenses by automating some of their tasks. They also assist in improving the security and privacy of their data. These programs also allow businesses to save money that would be spent on hiring additional employees. These companies can invest the money they would have spent on hiring additional employees in different areas, such as marketing, cyber security, and employee rejuvenation programs.
The role of IT in the future will shift rapidly as digital technologies decentralize several processes within MNEs. They also shift their focus to provide value to their customers by shifting the costs and activities away from themselves, and toward complementors, partners and consumers in the US and across the world. This trend is bringing new challenges and opportunities. The threats include the rapid erosion of MNEs’ competitive advantage as well as the development of new threats. The opportunities are greater access to markets, greater market influence and faster technological innovation.
In the past, IT and business have had a negative relationship. Each party blamed the other when projects were unsuccessful. The complexity and cost of IT projects made the situation more complicated. Even with a contract to ensure that the business was aware of what IT was offering, it was hard to predict exactly what could be wrong. The requirements were also constantly changing throughout the development. This gap could be plugged by establishing a new type of collaboration between IT and business that is a partnership.