From Cost Center to Strategic Business Asset: Information Governance Helps Transform IT

| , EVP, Innotas

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.

 

To read the full article published in IndustryWeek, click here.