The Future of IT World and Business
Information about IT World and Business
Technology has become a major part of global business. Each business uses different IT tools and software in order to manage their business. These programs and software help businesses cut down on their operational expenses by automatizing specific tasks. They also help businesses improve the security of their data and information. Moreover, these programs help companies to save money they would otherwise spend on recruiting new employees. Businesses can put the money they would have spent on hiring additional employees in other areas, such as marketing, cyber security, and employee renewal programs.
The future role of IT will change rapidly as digital technologies decentralize many processes within MNEs. They also change their positioning in order to bring value to their customers by shifting the expenses and activities away from them and towards complementors, partners and consumers both at home as well as abroad. This brings new opportunities and challenges. The threats include the rapid erosion of MNEs’ competitive advantage, as well as the emergence of new threats. The opportunities include increased market influence, broader access to markets, and more rapid 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 costly to design. Even with a contract to ensure that the business was aware of the IT offered it was difficult to predict what could go wrong. The requirements were also constantly changing as the technology developed. The solution was to develop a new form of collaboration between business and IT, a “partnership.” This partnership is based on the idea that both parties must be prepared for failure.