The Future of IT World and Business
Information about IT World and Business
Technology has become a vital aspect of the global business. Every business utilizes different IT tools and software to run their business. These programs and software aid businesses to reduce operational costs by automating some of their tasks. They also help them to enhance the security of their data and information. Additionally, these programs aid companies save money that they would otherwise spend on hiring additional employees. These businesses can invest money they would have spent on hiring more employees in other areas, like marketing, cyber security, and employee renewal programs.
The future role of IT is changing rapidly as digital technology disintermediates various processes within MNEs. They also shift their focus to deliver value to their customers by shifting cost and the activities away from themselves and towards partners, complementors and consumers in the US and abroad. This trend is bringing new challenges and opportunities. The issues include the rapid decline of MNEs’ competitive advantages and new sources of risk. The opportunities include greater access to markets, more market influence and faster innovation.
Historically, the relationship between IT and business was antagonistic. Each group blamed the other when projects didn’t succeed. This was exacerbated by the nature of IT projects, which were complex and expensive to develop. Even with a contract that ensured that the business was aware of what IT provided it was difficult to anticipate what could be wrong. In addition, the requirements often changed during development. This chasm could be bridged by establishing a new kind of collaboration between business and IT: A partnership.
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