Financial institutions: rationalize IT and prepare for transformation
IT is the major driver for innovation, enabling both growth and business improvement in financial institutions. As technologies evolve (eg. IoT, AI, Blockchain, Robotics, and open APIs), it is important for IT teams in financial institutions to proactively define new business opportunities and not simply “keep the lights on”. Taking action to gain visibility, simplify complexity and reduce risks can help financial institutions to rationalize IT and prepare for transformation.
Explore in this eBook our 3-steps approach to IT rationalization using IT portfolio management method:
- Making an inventory of applications to increase visibility into your IT landscape
- Decommission applications to cut IT costs while reducing the complexity of the application landscape
- Mitigate obsolescence risks to ensure projects are relying on up-to-date technologies
Following each of these three steps brings additional value to financial institutions and helps them to move from a simple – but yet beneficial – application inventory to a full management of IT assets within the institution.