About IT World and Business
Technology has become a crucial element of global business. Every business employs various IT tools and software in order to manage their business. These programs and applications help businesses cut their operational expenses through automation of certain tasks. They also help businesses improve the security of their data and information. These programs also help companies save money that they would have employed additional employees. Businesses can put the money they would have spent on hiring additional employees in other areas, like marketing, cyber security and employee renewal programs.
Digital technologies are disrupting several processes within MNEs, and reposition MNEs to deliver value to customers by shifting costs and operations from themselves to complementors, consumers, and partners at home and abroad, the future role of IT is rapidly changing. This trend creates new challenges and opportunities. The main challenges are the rapid loss of MNEs’ competitive advantages and the emergence of new risk sources. The opportunities include greater market influence, broader access to the markets, and more rapid technological advancement.
The relationship between IT and business was adversarial. Each group blamed the other when projects were unsuccessful. This was further exacerbated by nature of IT projects that were complicated and expensive to create. Even with a contract to ensure that the business was aware of what IT provided, it was difficult to know 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 IT and business and business: an alliance.