The Future of IT World and Business
Information about IT World and Business
Technology has become an essential aspect of the global business. Every business has its own IT tools and software in order to run their business. These programs and applications help businesses reduce their operational costs by automatizing certain tasks. They also assist in improving the security and confidentiality of their data. These programs also help businesses save money they could have spent on hiring additional staff. They can invest this money in other areas, such as marketing, better security of their cyberspace, and employee development programs.
The future role of IT will rapidly change as digital technologies disintermediate several processes within MNEs. They also change their positioning to offer value to their customers by shifting the expenses and activities away from themselves, and toward partners, complementors and consumers in the US as well as abroad. This creates new challenges as well as opportunities. The main challenges are the rapid erosion of MNEs’ competitive advantage as well as the development of new risks. The opportunities include greater market influence, better market access, and more rapid technological advancement.
In the past, IT and business have had a rocky relationship. Each group blamed the other when projects were unsuccessful. The complexity and cost of IT projects made this situation even more difficult. Even with a contract that guaranteed that the company understood the IT provided it was difficult to anticipate what could be wrong. The requirements also changed frequently throughout the development. This gap can be closed by creating a new type of collaboration between IT and business: an alliance.
