Information about IT World and Business
Technology has become a major part of global business. Every business has its own IT tools and software to manage their business. These softwares and programs help companies to cut operational costs by automating some of their tasks. They also aid them in increase the security of their data and information. These programs also help companies save money that they would have employed additional employees. They can instead invest this money in other areas, such as marketing, better cybersecurity and employee re-emergency programs.
Digital technology is disrupting several processes within MNEs, and allow MNEs to reposition themselves to provide value to their customers by shifting costs and operations from themselves to consumers, complementors, and partners at home and across the globe, the role of IT is evolving rapidly. This creates new challenges and opportunities. The risks include the an erosion of MNEs’ competitive advantage as well as the development of new risks. The opportunities include greater access to markets, greater influence on the market and faster technological innovation.
In the past, IT and business have had a rocky relationship. When projects failed, both sides blamed the other. This was exacerbated by the nature of IT projects that were complicated and expensive to develop. Even with a contract that guaranteed that the business was aware of what IT provided it was hard to anticipate what could be wrong. The requirements were also constantly changing during development. This chasm could be bridged by creating a new type of collaboration between business and IT that is an alliance.
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