About IT World and Business

Technology has become a vital part of the global business. Every business has its own IT tools and software to run their business. These programs and software aid businesses to reduce operating costs by automating a portion of their tasks. They also assist them to improve the security of their data and information. These programs also help companies save money they could have invested in hiring more employees. These businesses can invest the money they would have spent on hiring additional employees in other areas, such as marketing, cyber security, and employee revitalization programs.

The future role of IT is changing rapidly as digital technology disintermediates many processes within MNEs. They also alter their roles to offer value to their customers by shifting the expenses and activities away from themselves and toward partners, complementors and consumers both at home and abroad. This trend is creating new challenges and opportunities. The main challenges are the rapid erosion of MNEs’ competitive advantage as well as the development of new threats. The opportunities include greater access to markets, greater influence on the market and faster technological innovation.

In the past, IT and business have had a hostile relationship. When projects failed, everyone pointed the finger at the other. The complexity and expense of IT projects made the problem even worse. Even with a contract to ensure that the company understood the services IT was providing, it was hard to anticipate what could go wrong. Additionally, the requirements frequently changed during the development process. This gap could be bridged by establishing a new type of collaboration between business and IT called the partnership.

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