11 years, 2 months ago

Top 3 Reasons CIOs say No

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Ben Geller, VP Marketing, Troux

With an average tenure of 4.6 years, CIOs are under pressure to bring meaningful change and demonstrate to the board that they are impacting both the top and bottom line. Enterprise Portfolio Management (EPM) solutions allow CIOs to manage IT strategically, optimize IT in the context of the business, support goals by driving innovation and turn IT into a competitive advantage. So with all that pressure, why aren’t more CIOs saying yes and adopting EPM solutions? To help understand the answer to this question we’ve noted the three most common objections to adopting an EPM solution and tips for how CIOs can overcome these hurdles and gain unprecedented transparency and visibility they need to steer IT in the right direction.describe the image

We’re not mature enough as a company to adopt an EPM solution. Both large and small organizations may feel that they’re not ready to take on an EPM solution, yet acknowledge that they are spending a significant portion of their IT dollars in the wrong places. Continuing with ‘status quo’ can cost more than just hard dollars—an organization’s reputation can be damaged if CIOs aren’t managing IT strategically. The sooner CIOs start down the EPM path, the quicker they will be in strategic control of their IT assets. Industry experts have identified a set of 150 questions that—once answered—will provide a sufficient high-level view of the current state of your IT landscape in the context of the business. These questions can be prioritized based on business goals. Once CIOs get their arms around the current IT landscape, they can start to make fact-based decisions to determine which IT assets and investments are needed and which are not. And if an asset is not needed, CIOs will be able to develop a plan to remove it quickly and securely.

We haven’t got the data. Collecting data to give the CIO sufficient strategic IT visibility can feel like a monumental task, equivalent to ‘eating an elephant’ or ‘boiling the ocean.’ Organizations probably have more of the data than they realize, they just don’t know which of it is important and how good it is. Most companies haven’t successfully tackled the issue of data quality; and their enterprise data may not be in great shape, but it can be easily fixed. An EPM technology partner can help identify gaps, extract the data and get it into good shape before implementing a governance process around it to help steward and manage the information, keeping it up to date and accurate for continued program support. Sticking a head in the sand on this issue is not an option; this limited set of data is probably the most valuable data any enterprise could possibly collect and manage. It could save or repurpose a significant amount of an organizations IT budget, and an EPM solution provider can help get it under management quickly while helping you to fill in any data gaps.

How do I know that all this will benefit my organization? Having clear, fact-based strategic visibility over IT assets will always be a benefit to an organization, but CIOs need to assess whether an EPM solution will produce quantifiable benefits and therefore deliver value for money. An EPM solution provider will want to understand business goals and strategies, take a look at the state of the strategic IT management information flow as it exists today, and determine the quality of this information. It is not uncommon for an assessment to uncover an opportunity to repurpose as much as 30 percent of an organization current IT operations budget towards innovation.

An EPM solution delivers rich visualizations, analytics and reporting that show how IT can support corporate goals, strategies and core business processes. These insights will help CIOs develop a plan that can truly align IT with the rest of the business and effectively enhance the reputation of the IT department within your organization. The result is an IT department that can make decisions based on facts, and a CIO with strong career opportunities and a reputation that precedes them.