About IT World and Business
Technology has become an integral element of the 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 by automatizing certain tasks. They also help businesses improve the security of their data and information. Moreover, these programs help businesses to save money that they would otherwise use for recruiting new employees. These companies can invest the money they would have spent on hiring additional employees in other areas, such as marketing, cyber security, and employee rejuvenation programs.
Digital technology is disrupting many processes within MNEs and allow MNEs to reposition themselves to provide value to customers by shifting costs and operations from themselves to consumers, complementors and partners in the United States and around the world, the role of IT is evolving rapidly. This is creating new challenges and opportunities. The challenges include an erosion of MNEs’ competitive advantage and the emergence of new threats. The opportunities include greater market influence, better access to the markets, and quicker innovation.
In the past, IT and business have had a rocky relationship. When projects failed, each blamed the other. This was made more difficult by the nature of IT projects that were complicated and expensive to create. Even with a contract ensuring the business understood the IT provided it was difficult to predict what could be wrong. Moreover, the requirements often changed during the development process. This gap could be plugged by establishing a new kind of collaboration between IT and business that is A partnership.