Information about IT World and Business
Technology has become an essential element of global business. Each business uses different IT tools and software in order to manage their business. These software and programs help businesses reduce their operational costs through automation of certain tasks. They also aid them in improve the security of their data and information. These programs also allow businesses to save money that would be spent on hiring additional employees. They can invest this money in other areas such as marketing, improved security for cyber attacks, and employee renewal programs.
As digital technologies disrupt many processes within MNEs and shift MNEs’ focus to provide value to customers by shifting costs and operations from themselves to consumers, complementors, and partners at home and https://addmy-sites.com/2021/07/08/generated-post-2/ abroad, the role of IT is rapidly changing. This trend is bringing new challenges and opportunities. The challenges include an erosion of MNEs’ competitive advantage as well as the development of new risks. The opportunities include greater access to markets, greater market influence, and faster innovation.
The relationship between IT and business was antagonistic. Each side blamed the other for projects failed. This was made more difficult by the nature of IT projects which were complex and expensive to design. Even with a contract in place to ensure that the business was aware of the services IT was offering it was difficult to know what could be wrong. Moreover, the requirements often changed during the development process. This chasm could be bridged by establishing a new kind of collaboration between business and IT and business: A partnership.