The Future of IT World and Business
About IT World and Business
Technology is now an integral part of the global business. Every business utilizes IT tools and software for their business. These programs and software can help companies reduce their operational costs by automatizing certain tasks. They also help businesses enhance the security of their data and information. Moreover, these programs help companies save money that they would normally spend on recruiting new employees. They can instead invest the money in other areas such as marketing, improved cybersecurity and employee re-emergency programs.
Digital technologies are disrupting various processes within MNEs and transform MNEs’ roles to provide value to customers by shifting costs blog here and operations from themselves to complementors, consumers and partners at home and across the globe, the role of IT is changing rapidly. This trend is bringing new challenges and opportunities. The threats include the an erosion of MNEs’ competitive advantage, as well as the emergence of new threats. The opportunities include greater market influence, greater market access, and faster innovation.
Historically, the relationship between IT and business was antagonistic. Each group blamed the other when projects were unsuccessful. This was further exacerbated by nature of IT projects that were complicated and costly to design. Even with a contract that ensured that the company understood the IT offered it was difficult to know what could be wrong. Additionally, the requirements frequently changed during the development process. The solution to this chasm was to develop a new method of collaboration between the business and IT, the term “partnership.” This partnership is based on the idea that both parties must be prepared for failure.
