Information about IT World and Business

Technology has become an essential element of the global business. Every business employs IT tools and software for their business. These programs and software help businesses cut their operational expenses by automatizing specific tasks. They also help to improve the security and confidentiality of their data. Additionally, these programs aid businesses save money they would normally spend on recruiting additional employees. These businesses can invest money they would have spent on hiring additional employees in different areas, such as marketing, cyber security and employee revitalization programs.

The role of IT in the future will shift rapidly as digital technologies disintermediate various processes within MNEs. They also alter their roles to offer value to their customers by shifting the costs and operations away from themselves and toward complementors, partners and consumers at home and abroad. This is creating new opportunities and challenges. The challenges include the rapid reduction of MNEs’ competitive advantage and the emergence of new risk sources. The opportunities include a wider access to markets, greater market influence and faster innovation.

Historically, the relationship between IT and business was antagonistic. When projects failed, everyone pointed the finger at the other. This was further exacerbated by nature of IT projects that were both complex and expensive to develop. Even with a contract to ensure that the company understood what IT was providing it was difficult to know what could be wrong. The requirements were also constantly changing throughout the development. The solution was to establish a new type of collaboration between IT and IT, an “partnership.” This partnership is based on the notion that both parties must be prepared for failure.

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