About IT World and Business

Technology has become an integral element of global business. Every business employs various IT tools and software to manage their business. These programs and software help businesses to reduce the operating costs by automating a portion of their tasks. They also assist in improving the security and privacy of their data. Additionally, these programs aid companies to save money they would normally spend on hiring additional employees. These companies can invest the money they would have spent hiring additional employees in other areas, such as marketing, cyber security, and employee rejuvenation programs.

Digital technologies are disrupting many processes within MNEs and reposition MNEs to deliver value to customers by shifting costs and functions from themselves to complementors, consumers and partners both at home and abroad, the role of IT is evolving rapidly. This trend creates new challenges and opportunities. The main challenges are the rapid erosion of MNEs’ competitive advantage, as well as the emergence of new threats. The opportunities include greater market influence, better access to the markets, and quicker innovation.

In the past, IT and business have had a negative relationship. Each side blamed the other for projects did not succeed. The complexity and expense of IT projects made this situation worse. Even with a contract ensuring the business understood the IT provided, it was difficult to know what could go 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 called a development of website improving solutions partnership.