About IT World and Business
Technology has become a vital part of the global business. Every business utilizes different IT tools and software to manage their business. These programs and tools help businesses reduce their operating costs by automating a portion of their tasks. They also assist in improving the security and privacy of their data. These programs also help businesses save money they could have employed additional employees. These businesses can invest the money they would have spent on hiring additional employees in different areas, like marketing, cyber security https://addmy-sites.com/2019/06/03/7-avoidable-mistakes-that-will-scare-your-homepage-visitors-unnecessarily/ and employee rejuvenation programs.
Digital technology is disrupting several processes within MNEs, and transform MNEs’ roles to provide value to customers by shifting costs and functions from themselves to consumers, complementors and partners at home and across the globe, the role of IT is evolving rapidly. This creates new challenges and opportunities. The risks include the rapid erosion of MNEs’ competitive edge and the emergence of new risks. The opportunities include a wider access to markets, more market influence and faster technological innovation.
The relationship between IT and business was adversarial. Each party blamed the other when projects failed. This was further exacerbated by nature of IT projects, which were complex and costly to design. Even with a contract that ensured that the business was aware of the IT provided, it was difficult to know what could go wrong. The requirements also changed frequently during the course of development. This gap can be closed by establishing a new kind of collaboration between IT and business that is the partnership.