Three steps to manage IT as a strategic asset
1. Rationalize your IT landscape
IT departments need to build detailed inventories of their assets, including applications, technologies, and infrastructure, to fully understand the intricacies of their systems. That will give them a better basis for making important decisions about enterprise transformation — thereby cutting costs and reducing complexity.
2. Reconcile legacy systems with new applications
By understanding the dependencies and value of their applications, IT departments can reduce the complexity and increase the flexibility of IT systems. Transformation scenario analyses and a detailed understanding of their IT portfolios will ensure the smooth integration of new technologies with legacy back-end systems.
3. Implement your IT strategy with a focus on innovation, and mitigate risks
By consolidating their assets, IT departments can allocate an increasing portion of their budgets to new initiatives, while keeping a lid on risks. CIOs can strengthen their companies’ IT governance principles, and, by extension, the entire enterprise transformation process.