About IT World and Business
Technology has become a major part of business globally. Every business utilizes IT tools and software for their business. These programs and software aid businesses to reduce cost of operations by automating certain of their tasks. They also assist them to increase the security of their data and information. These programs also help businesses save money they would have spent on hiring additional employees. They can invest the money in other areas, such as marketing, better security of their cyberspace, and employee development programs.
The future role of IT will rapidly change as digital technologies disintermediate many processes within MNEs. They also change their positioning to deliver value to their customers by shifting costs and activities away from themselves and toward complementors, partners and consumers at home and overseas. This brings new opportunities and challenges. The risks include the rapid erosion of MNEs’ competitive advantage, as well as the emergence of new threats. The opportunities include increased market influence, more access to markets, and more rapid innovation.
The relationship between IT and business was adversarial. Each side blamed the other for projects did not succeed. The complexity and expense of IT projects made the problem even worse. Even with a contract to ensure that the business understood the services IT was providing, it was hard to determine exactly what could fail. Moreover, the requirements often changed during the development process. This chasm could be bridged by establishing a new type of collaboration between business and IT that is the partnership.