Information about IT World and Business
Technology has become an integral element of business globally. Every business employs various IT tools and software in order to run their business. These programs and software help companies to cut operating costs by automating a portion of their tasks. They also aid them in increase the security of their data and information. Additionally, these programs aid businesses to save money that they would otherwise use for recruiting new employees. These companies can invest the money they would have spent hiring additional employees in other areas, such as marketing, cyber security and employee rejuvenation programs.
As digital technologies disrupt several processes within MNEs, and shift MNEs’ focus to provide value to customers by shifting costs and functions from themselves to consumers, complementors and partners in the United States and abroad, the role of IT is rapidly changing. This trend creates new opportunities and challenges. The risks include the an erosion of MNEs’ competitive edge and the emergence of new risks. The opportunities include greater access to markets, more market influence and faster innovation.
In the past, IT and business have had a hostile relationship. Each party blamed the other when projects failed. The complexity and expense of IT projects made the situation worse. Even with a contract that ensured that the business was aware of the IT provided it was difficult to know what could be wrong. The requirements also changed frequently during development. The solution to this gap was to develop a new form of collaboration between business and IT: the term «partnership.» This partnership is based on the idea that both parties must be prepared for failure.
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