Information about IT World and Business
Technology has become a vital element of global business. Every business employs various IT tools and software to manage their business. These software and programs help businesses cut down on their operational expenses by automatizing specific tasks. They also aid them in increase the security of their data and information. Additionally, these programs allow businesses save money they would otherwise use for hiring additional employees. These companies can invest the money they would have spent hiring additional employees in other areas, such as marketing, cyber security, and employee renewal programs.
As digital technologies disrupt the processes of MNEs and allow MNEs to reposition themselves to provide value to customers by shifting their costs and activities from themselves to consumers, complementors and partners in the United States and across the globe, the role of IT is rapidly changing. This trend creates new challenges and opportunities. The risks include the an erosion of MNEs’ competitive advantage, as well as the emergence of new risks. The opportunities include greater market influence, broader access to markets, and faster technological advancement.
In the past, IT and business have been in a conflict. When projects failed, each side pointed the finger at the other. This was made more difficult by the nature of IT projects, which were complex and expensive to develop. Even with a contract ensuring that the company understood the IT offered it was hard to know what could be wrong. Additionally, the requirements frequently changed during the development process. This gap can be closed by establishing a new type of collaboration between IT and business: the partnership.