Information about IT World and Business
Technology has become an integral element of global business. Every business employs various IT tools and software to manage their business. These programs and software aid businesses reduce their operating costs by automating a portion of their tasks. They also aid them in enhance the security of their data and information. Additionally, these programs aid businesses save money they would normally spend on recruiting new employees. Instead, they can invest the money in other areas such as marketing, enhanced security for cyber attacks, and employee renewal programs.
Digital technologies are disrupting the processes of MNEs and reposition MNEs to deliver value to customers by shifting costs and activities from themselves to consumers, complementors and partners in the United States and around the world, the role of IT is evolving rapidly. This creates new challenges and opportunities. The risks include the rapid erosion of MNEs’ competitive advantage, as well as the emergence of new threats. The opportunities include greater access to markets, more market influence and faster technological innovation.
Historically, the relationship between IT and business was antagonistic. When projects failed, each side blamed the other. This was made more difficult by the nature of IT projects which were complex and expensive to create. Even with a contract to ensure that the company understood what IT was providing, it was hard to know what could be wrong. The requirements were also constantly changing throughout the development. The solution to this problem was to create a new form of collaboration between business and IT, an “partnership.” This partnership is based on the idea that both parties must be prepared for failure.
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