A recent Gartner study found that enterprises spend only one-third of their IT budgets on strategic projects, with the majority being spent on sustaining activities. This situation often stems from a combination of factors: limited visibility into all project work, sporadic alignment with business goals, inadequate project prioritization and minimal executive sponsorship.
With this change, IT organizations need a new focus on:
- Increasing the return on both current and new IT investments
- Utilize technology and IT best practices to help increase value to shareholders and stakeholders
To transform itself into a strategic organization, IT must gain visibility into and control over the myriad operations under its purview—projects, applications, assets, and service requests.
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