About IT World and Business

Technology has become a vital element of business globally. Each business uses different IT tools and software in order to run their business. These programs and applications help businesses reduce their operational costs by automating certain tasks. They also assist in improving the security and confidentiality of their data. Furthermore, these programs assist companies save money that they would otherwise use for hiring additional employees. They can put this money into other areas such as marketing, improved security of their cyberspace, and employee development programs.

The role of IT in the future will rapidly change as digital technologies disintermediate several processes within MNEs. They also reposition them to provide value to their customers by shifting expenses and activities away from themselves and toward complementors, partners and consumers at best site home and abroad. This is bringing new challenges and opportunities. The biggest challenges are the rapid decline of MNEs’ competitive advantage and new sources of risk. The opportunities include greater access to markets, greater influence on the market, and faster innovation.

Historically, the relationship between IT and business was antagonistic. Each side blamed the other when projects didn’t succeed. The complexity and expense of IT projects made this situation even more difficult. Even with a contract in place to ensure that the business was aware of what IT was offering, it was hard to know what could fail. Furthermore, the requirements often changed during development. This gap could be bridged by establishing a new kind of collaboration between IT and business: an alliance.