Information about IT World and Business
Technology has become a vital element of business globally. Every business utilizes IT tools and software to manage their operations. These programs and applications help businesses cut their operational expenses by automating certain tasks. They also help https://addmy-sites.com/2019/06/03/7-avoidable-mistakes-that-will-scare-your-homepage-visitors-unnecessarily businesses improve the security of their data and information. Moreover, these programs help companies save money that they could otherwise invest in recruiting new employees. They can then invest this money in other areas such as marketing, enhanced security of their cyberspace, and employee development programs.
Digital technologies are disrupting several processes within MNEs, and allow MNEs to reposition themselves to provide value to customers by shifting costs and operations from themselves to complementors, consumers and partners both at home and abroad, the role of IT is changing rapidly. This creates new challenges as well as opportunities. The risks include the an erosion of MNEs’ competitive advantage, as well as the emergence of new threats. The opportunities include broader access to markets, greater influence on the market and faster technological innovation.
The relationship between IT and business was antagonistic. Each party blamed the other when projects didn’t succeed. The complexity and cost of IT projects made the situation worse. Even with a contract to ensure that the business was aware of the IT offered it was difficult to predict what could go wrong. The requirements were also constantly changing as the technology developed. This chasm could be bridged through the creation of a new form of collaboration between business and IT and business: the partnership.