About IT World and Business
Technology has become a vital part of the global business. Every business utilizes IT tools and software to run their business. These programs and software help businesses cut their operational expenses by automatizing specific tasks. They also help to improve the security and privacy of their data. These programs also help companies save money they would have spent on hiring additional staff. They can then put this money into other areas, such as marketing, enhanced security of their cyberspace, and employee development programs.
The role of IT in the future is changing rapidly as digital technologies decentralize a number of processes within MNEs. They also alter their roles to offer value to their customers by shifting the cost and the activities away from them and towards complementors, partners and consumers in the US as well as abroad. This brings new challenges and opportunities. The threats include the an erosion of MNEs’ competitive advantage and the emergence of new threats. The opportunities include a wider access to markets, more market influence, and faster innovation.
In the past, IT and business have had a hostile relationship. Each side blamed the other for projects did not succeed. The complexity and cost of IT projects made the problem even worse. Even with a contract that guaranteed that the company understood the IT provided it was difficult to anticipate what could be wrong. The requirements also changed frequently throughout the development. The solution to this gap was to create a new kind of collaboration between business and IT, an «partnership.» This partnership is based on the idea that both parties must be prepared for failure.
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