About IT World and Business
Technology has become an integral part of the 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 automating some of their tasks. They also assist them to enhance the security of their data and information. These programs also allow businesses to save money that they would have spent on hiring additional staff. They can instead put this money into other areas like marketing, improved security for cyber attacks, and employee renewal programs.
Digital technologies are disrupting various processes within MNEs and transform MNEs’ roles 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 rapidly changing. This trend is bringing new challenges and opportunities. The threats include the rapid erosion of MNEs’ competitive advantage as well as the development of new risks. The opportunities include greater market influence, more market access and more rapid innovation.
The relationship between IT and business was adversarial. When projects failed, both sides blamed the other. This was made worse by the nature of IT projects which were complex and costly to design. Even with a contract in place to ensure that the business understood the services IT was offering, it was hard to know what could fail. The requirements were also constantly changing as the technology developed. This gap can be closed by establishing https://addmy-sites.com/2021/12/21/creating-a-home-page-with-a-complicated-technical-support-system a new type of collaboration between IT and business called a partnership.