About IT World and Business
Technology has become an essential element of the global business. Every business has its own IT tools and software to manage their business. These softwares and programs help businesses to reduce operational expenses by automating some of their tasks. They also help to improve the security and confidentiality of their data. These programs can also help businesses save money they could have spent on hiring additional employees. Instead, they can invest the money in other areas, such as marketing, improved cybersecurity and employee re-emergency programs.
Digital technologies are disrupting many processes within MNEs and reposition MNEs to deliver 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 is bringing new challenges and opportunities. The challenges include the rapid loss of MNEs' competitive advantages and the emergence of new risk sources. The opportunities include greater market influence, broader market access, and more rapid technological advancement.
In the past, IT and business have had a negative relationship. Each group blamed the other when projects failed. This was further exacerbated by nature of IT projects that were both complex and costly to design. Even with a contract that guaranteed that the business was aware of what IT offered it was hard to anticipate what could be wrong. The requirements also changed frequently throughout the development. This chasm could be bridged by establishing a new type of collaboration between business and IT called A partnership.
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