Friday, September 2, 2022

Itinvestment

IT needs to re-energize itself and fortify digital transformation by contributing to business growth, innovation, or customer experience optimization.


Within abundant information and emergent digital technologies, Information technology is a key component of holistic business mindset to re-imagine “what is possible” - unleashing business potentials and improving business efficiency, effectiveness, agility, and maturity. 

The “art of possible” to reinvent IT in the digital age is to deliver the value of information in helping businesses grow, delight customers and do more with innovation.

    

 IT Innovation Investment


Itinvestment Information technology is the linchpin to run a contemporary organization, it's important to present IT as a value generator rather than a cost center, and scrutinize information technology investment via the business lens. The wise investment of advanced information technologies can be truly helpful to make information technology organizations indispensable, drive business demands such as improving business effectiveness, efficiency, increasing employee productivity, enforcing collaboration, and harnessing innovation.

IT Investment Puzzle The ambitious companies across the vertical sectors empower their IT because digital IT can drive all sorts of innovations, proactively push ideas forward and leverage technology to accelerate revenue growth, increase business productivity, flexibility and maturity. To keep relevant, IT is also working hard to transform from a cost center to a value center by demystifying the IT investment puzzle and presenting the measurable IT-driven business value.

Unpuzzle IT Investment IT is the core of the business today and must, therefore, be visible and present all the time. IT needs to be considered a line of business, not a cost center. CIOs need to show the value of IT with Return on Investment and tell the business management how well an IT investment repays the company. To improve IT maturity, IT value-based management needs to be driven by concepts like collaborative value or collective advantage and multi-layer ROIs.

Improve IT Investment With the exponential growth of information and emerging digital technologies, IT faces an unprecedented opportunity to refine its reputation, and also needs to take more responsibilities as a true business partner. IT has to catalyze change, focus on innovation, and enable business growth. Digital CIOs should understand business outside-in, help the organization generate revenue, improve IT visibility, investment transparency, as well as the overall organizational maturity.

IT Investment Performance IT investment now is a strategic imperative for a forward-looking business to pursue the growth, the company needs to continue to review upon the ROI of existing IT investment, the maturity of IT performance, how well can IT investment unleash the digital potential of the entire business. And how to make an objective IT investment and IT performance assessment via initiating sophisticated questions, setting right metrics, and measuring them in the right way?

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