Information about IT World and Business

Technology has become an essential aspect of the global business. Every business utilizes different IT tools and software to manage their business. These programs and software can help businesses cut down on their operational expenses by automatizing specific tasks. They also assist in improving the security and confidentiality of their data. Furthermore, these programs assist businesses to save money that they would normally spend on hiring more employees. These businesses can invest the money they would have spent on hiring additional employees in different areas, like marketing, cyber security and employee renewal programs.

The future role of IT will shift rapidly as digital technologies disintermediate a number of processes he has a good point within MNEs. They also shift their focus to provide value to their customers by shifting cost and the activities away from themselves and towards partners, complementors and consumers both at home and across the world. This is creating new opportunities and challenges. The main challenges are the rapid erosion of MNEs’ competitive advantage as well as the development 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 negative relationship. When projects failed, each side pointed the finger at the other. The complexity and expense of IT projects made the situation worse. Even with a contract to ensure that the business was aware of the services IT was providing it was difficult to anticipate what could fail. The requirements also changed frequently during the course of development. This gap could be plugged by establishing a new kind of collaboration between IT and business that is an alliance.