About IT World and Business
Technology has become a major element of global business. Every business makes use of IT tools and software to manage their business. These programs and software aid businesses to reduce operational costs by automating some of their tasks. They also aid them in improve the security of their data and information. These programs also help businesses save money they would have employed additional employees. Businesses can put the money they would have spent on hiring more employees in other areas, such as marketing, cyber security, and employee revitalization programs.
Digital technologies are disrupting many processes within MNEs and shift MNEs’ focus to provide value to customers by shifting costs and operations from themselves to complementors, consumers, and partners at home and abroad, the future role of IT is rapidly changing. This trend creates new opportunities and challenges. The https://addmy-sites.com/2020/05/07/top-3-techniques-for-web-hosting-service risks include the rapid erosion of MNEs’ competitive edge and the emergence of new threats. The opportunities include broader access to markets, greater market influence and faster technological innovation.
In the past, IT and business have had a negative relationship. Each party blamed the other when projects didn’t succeed. The complexity and cost of IT projects made this problem even worse. Even with a contract in place to ensure that the business understood the services IT was providing it was difficult to determine exactly what could go wrong. The requirements also changed frequently throughout the development. This gap could be plugged by establishing a new type of collaboration between business and IT and business: an alliance.