About IT World and Business
Technology has become a major element of global business. Every business utilizes different IT tools and software in order to manage their business. These programs and software help businesses reduce their operational costs by automatizing specific tasks. They https://addmy-sites.com/2019/06/03/7-avoidable-mistakes-that-will-scare-your-homepage-visitors-unnecessarily also assist them to enhance the security of their data and information. These programs can also help businesses save money they would have spent on hiring additional staff. Businesses can put the money they would have spent hiring more employees in other areas, such as marketing, cyber security and employee renewal programs.
As digital technologies disintermediate various processes within MNEs and 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 across the globe, the role of IT is evolving rapidly. This creates new challenges and opportunities. The issues include the rapid decline of MNEs’ competitive advantages and the emergence of new risk sources. The opportunities include greater market influence, better access to markets, and quicker innovation.
Historically, the relationship between IT and business was adversarial. When projects failed, both sides pointed the finger at the other. This was further exacerbated by nature of IT projects that were both complex and expensive to design. Even with a contract ensuring that the business was aware of what IT provided it was difficult to predict what could be wrong. The requirements also changed frequently during the course of development. This gap can be closed through the creation of a new form of collaboration between IT and business and business: the partnership.