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Information about IT World and Business
Technology has become an integral part of business globally. Every business utilizes IT tools and software to run their operations. These programs and software can help businesses reduce their operational costs by automatizing specific tasks. They also assist in improving the security and confidentiality of their data. Additionally, these programs allow companies save money that they would normally spend on recruiting new employees. These businesses can invest the money they would have spent hiring more employees in other areas, such as marketing, cyber security and employee renewal programs.
The role of IT in the future will rapidly change as digital technologies disintermediate various processes within MNEs. They also change their positioning to offer value to their customers by shifting costs and operations away from themselves, and toward partners, complementors, and consumers at home and overseas. This brings new challenges and opportunities. The biggest challenges are the rapid decline of MNEs’ competitive advantages and new sources of risk. The opportunities include greater market influence, more market access, and more rapid innovation.
In the past, IT and business have had a rocky relationship. When projects failed, each pointed the finger at the other. This was made more difficult by the nature of IT projects that were both complex and expensive to develop. Even with a contract in place to ensure that the business understood the services IT was providing it was difficult to predict exactly what could fail. The requirements also changed frequently throughout the development. The solution to this problem was to create a brand new type of collaboration between IT and IT, a “partnership.” This partnership is based on the notion that both parties must be prepared for failure.