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About IT World and Business

Technology has become a crucial element of global business. Every business employs IT tools and software to manage their business. These softwares and programs help businesses to reduce operational costs by automating some of their tasks. They also help them to increase the security of their data and information. These programs can also help businesses save money they could have spent on hiring additional staff. These companies can invest the money they would have spent hiring additional employees in different areas, like marketing, cyber security and employee rejuvenation programs.

The future role of IT is changing rapidly as digital technologies disintermediate many processes within MNEs. They also shift their focus to deliver value to their customers by shifting cost and the activities away from themselves, and toward partners, complementors and consumers in the US and overseas. This creates new challenges and opportunities. The main challenges are the rapid erosion of MNEs’ competitive advantage as well as the development of new threats. The opportunities include increased market influence, more market access and quicker innovation.

In the past, IT and business have been in a conflict. Each party blamed the other when projects didn’t succeed. The complexity and cost of IT projects made this situation worse. Even with a contract that ensured that the business was aware of the IT provided it was difficult to anticipate what could be wrong. Additionally, the requirements frequently changed during the development process. The solution to this gap was to create a new type of collaboration between IT and IT, an “partnership.” This partnership is based on the principle that both parties must be prepared for failure.