Information about IT World and Business
Technology has become an integral part of business globally. Every business employs IT tools and software to run their operations. These programs and tools help companies to cut operational expenses by automating some of their tasks. They also help to improve the security and privacy of their data. Additionally, these programs aid companies save money that they would otherwise use for hiring additional employees. Businesses can put the money they would have spent hiring additional employees in different areas, like marketing, cyber security and employee revitalization programs.
The future role of IT will change rapidly as digital technologies disintermediate a number of processes within MNEs. They also alter their roles to deliver value to their customers by shifting cost and the activities away from them and towards complementors, partners, and consumers at home and across the world. This trend creates new challenges as well as opportunities. The risks include the rapid erosion of MNEs’ competitive edge and the emergence of new risks. The opportunities include greater market influence, more access to the markets, and faster innovation.
In the past, IT and business have had a rocky relationship. When projects failed, everyone blamed the other. This was exacerbated by the nature of IT projects which were complex and expensive to create. Even with a contract to ensure the business understood the IT provided it was hard to know what could go wrong. The requirements also changed frequently during development. This chasm could be bridged by creating a new type of collaboration between business and IT called an alliance.
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