About IT World and Business

Technology has become a crucial element of global business. Every business uses various IT tools and software to carry out their operations. These programs and tools help companies to cut operating costs by automating a portion of their tasks. They also help businesses increase the security of their data and information. These programs can also help businesses save money they could have employed additional employees. These companies can invest the money they would have spent hiring additional employees in other areas, like marketing, cyber security and employee revitalization programs.

As digital technologies disrupt various processes within MNEs and transform MNEs’ roles to provide value to their customers by shifting costs and operations from themselves to consumers, complementors and partners in the United States and abroad, the role of IT is rapidly changing. This trend creates new opportunities and challenges. The threats include the an erosion of MNEs’ competitive advantage and the emergence of new risks. The opportunities are greater access to markets, more market influence and faster innovation.

The relationship between IT and business was antagonistic. When projects failed, each blamed the other. This was exacerbated by the nature of IT projects, which were complex and expensive to her explanation design. Even with a contract to ensure that the business was aware of what IT was offering it was difficult to anticipate what could fail. Additionally, the requirements frequently changed during the development process. This gap could be plugged by creating a new type of collaboration between business and IT: a partnership.