The Future of IT World and Business

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About IT World and Business

Technology has become a vital element of global business. Every business utilizes different IT tools and software to run their business. These softwares and programs help businesses to reduce the operating costs by automating a portion of their tasks. They also aid them in enhance the security of their data and information. These programs can also help businesses save money that would be employed additional employees. They can invest the money in other areas such as marketing, better cybersecurity and employee re-emergency programs.

As digital technologies disrupt the processes of MNEs and reposition MNEs to deliver value to customers by shifting costs and activities from themselves to complementors, consumers, and partners at home and abroad, the future role of IT is rapidly changing. This trend is creating new challenges and opportunities. The main challenges are the rapid erosion of MNEs’ competitive advantage and new sources of risk. The opportunities include increased market influence, better access to markets, and faster innovation.

The relationship between IT and business was adversarial. When projects failed, each pointed the finger at the other. The complexity and cost of IT projects made this problem even worse. Even with a contract to ensure that the business was aware of the IT offered it was difficult to know what could go wrong. Additionally, the requirements frequently changed during development. This chasm could be bridged through the creation of a new form of collaboration between business and IT and business: an alliance.