About IT World and Business

Technology has become an integral element of global business. Every business utilizes different IT tools and software in order to manage their business. These programs and software help businesses to reduce operational costs by automating some of their tasks. They also aid them in improve the security of their data and information. Moreover, these programs help businesses save money they would otherwise spend on hiring more employees. These businesses can invest money they would have spent on hiring more employees in other areas, like marketing, cyber security and employee rejuvenation programs.

Digital technologies are disrupting several processes within MNEs, and reposition MNEs to deliver value to customers by shifting costs and activities from themselves to consumers, complementors, and partners at home and abroad, the role of IT is evolving rapidly. This trend creates new challenges and opportunities. The threats include the rapid erosion of MNEs' competitive edge and the emergence of new risks. The opportunities include a wider access to markets, more market influence and faster technological innovation.

Historically, the relationship between IT and business was antagonistic. Each group blamed the other when projects didn't succeed. The complexity and cost of IT projects made the situation even more difficult. Even with a contract to ensure that the business understood what IT was offering, it was hard to anticipate what could be wrong. In addition, the requirements often changed during the development process. This gap can be closed by establishing a new type of collaboration between IT and business and business: a partnership.