About IT World and Business
Technology has become a major element of global business. Every business makes use of IT tools and software for their operations. These software and programs help companies reduce their operational costs by automatizing certain tasks. They also help to improve the security and confidentiality of their data. Furthermore, these programs assist companies to save money they would otherwise spend on recruiting additional employees. They can invest this money in other areas such as marketing, improved security of their cyberspace, and employee development programs.
The role of IT in the future is changing rapidly as digital technologies disintermediate many processes within MNEs. They also reposition them https://addmy-sites.com/2020/10/12/website-building-tools-by-board-room/ in order to bring value to their customers by shifting the costs and operations away from themselves, and toward complementors, partners and consumers both at home and across the world. This creates new challenges and opportunities. The risks include the an erosion of MNEs’ competitive advantage, as well as the emergence of new threats. The opportunities include greater market influence, broader market access, and more rapid technological advancement.
Historically, the relationship between IT and business was antagonistic. Each party blamed the other when projects didn’t succeed. This was exacerbated by the nature of IT projects, which were complex and expensive to create. Even with a contract ensuring the business understood the IT offered it was difficult to anticipate what could go wrong. Additionally, the requirements frequently changed during the development process. This gap could be bridged by establishing a new kind of collaboration between IT and business and business: an alliance.