Information about IT World and Business
Technology has become a crucial part of the global business. Every business has its own IT tools and software in order to manage their business. These programs and software help businesses cut down on their operational expenses by automatizing specific tasks. They also assist in improving the security and confidentiality of their data. These programs can also help businesses save money they could have invested in hiring more employees. They can put this money into other areas like marketing, better security for cyber attacks, and employee renewal programs.
As digital technologies disrupt various processes within MNEs and allow MNEs to reposition themselves to provide value to customers by shifting their costs and activities from themselves to complementors, consumers and partners both at home and across the globe, the role of IT is changing rapidly. This trend is creating new challenges and opportunities. The challenges include rapid erosion of MNEs’ competitive advantage, as well as the emergence of new risks. The opportunities are greater access to markets, greater influence on the market, and faster innovation.
In the past, IT and business have had a rocky relationship. When projects failed, everyone pointed the finger at the other. The complexity and cost of IT projects made the situation worse. Even https://addmy-sites.com/2020/10/12/website-building-tools-by-board-room/ with a contract in place to ensure that the business understood the services IT was providing it was difficult to know what could be wrong. Moreover, the requirements often changed during development. This gap could be bridged by establishing a new kind of collaboration between IT and business that is a partnership.