Information about IT World and Business
Technology has become an essential element of the global business. Each business uses different IT tools and software to run their business. These software and programs help companies reduce their operational costs through automation of certain tasks. They also assist in improving the security and privacy of their data. These programs also help companies save money that would be invested in hiring more employees. Businesses can put the money they would have spent hiring additional employees in different areas, such as marketing, cyber security, and employee revitalization programs.
As digital technologies disrupt several processes within https://addmy-sites.com/2021/07/08/generated-post/ MNEs, and allow MNEs to reposition themselves to provide value to customers by shifting costs and activities from themselves to complementors, consumers and partners at home and abroad, the role of IT is changing rapidly. This trend creates new challenges as well as opportunities. The threats include the an erosion of MNEs’ competitive edge and the emergence of new threats. The opportunities include a wider access to markets, greater influence on the market and faster technological innovation.
The relationship between IT and business was antagonistic. When projects failed, both sides blamed the other. The complexity and cost of IT projects made the situation more complicated. Even with a contract to ensure that the business was aware of what IT was offering, it was hard to determine exactly what could fail. The requirements were also constantly changing as the technology developed. This gap can be closed by establishing a new type of collaboration between IT and business and business: an alliance.