الأحد , 10 نوفمبر 2024

The Future of IT World and Business

About IT World and Business

Technology has become an integral element of the global business. Each business uses different IT tools and software to manage their business. These programs and tools help businesses to reduce the operational expenses by automating some of their tasks. They also aid in improving the security and privacy of their data. These programs also allow businesses to save money that would be invested in hiring more employees. These companies can invest the money they would have spent on hiring additional employees in different areas, like marketing, cyber security, and employee renewal programs.

The role of IT in the future will change rapidly as digital technologies disrupt a number of processes within MNEs. They also change their positioning to provide value to their customers by shifting cost and the activities away from themselves and toward partners, complementors and consumers at home and overseas. This trend creates new challenges and opportunities. The threats include the rapid erosion of MNEs’ competitive advantage, as well as the emergence of new threats. The opportunities include greater access to markets, more market influence and faster innovation.

Historically, the relationship between IT and business was adversarial. Each party blamed the other when projects were unsuccessful. This was exacerbated by the nature of IT projects that were both complex and expensive to create. Even with a contract that guaranteed that the business was aware of the IT provided it was difficult to anticipate what could go wrong. In addition, the requirements often changed during the development process. The solution to this chasm was to develop a new kind of collaboration between business and IT: the term “partnership.” This partnership is based on the notion that both parties must be prepared for failure.

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عن محمد رمزي وسلاتي

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