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Archive for the ‘CIO’ tag

Gartner’s 2018 Magic Quadrant for IIPA Recognizes UMT360 As A Visionary

Written by Hubie Sturtevant on November 30th, 2018 at 10:05 am

For the seventh consecutive year, UMT360 is once again recognized as a Visionary in Gartner’s Magic Quadrant for Integrated IT Portfolio Analysis Applications (IIPA). In its 2018 report, Gartner recognizes UMT360 for its completeness of vision and ability to execute. The full report can be found here (Gartner subscription required).

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UMT360 Named A Visionary In Gartner’s 2017 Magic Quadrant for IIPA

Written by Hubie Sturtevant on November 28th, 2017 at 9:59 am

UMT360 has once again been recognized as a Visionary in Gartner’s 2017 Magic Quadrant for Integrated IT Portfolio Analysis Applications (IIPA). This is the sixth consecutive year that UMT360 has been recognized by Gartner for its completeness of vision and ability to execute. The full report can be found here (Gartner subscription required).

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Stop Wasting Your IT Spend

Written by Mike Gruia on June 11th, 2014 at 11:37 am

Today enterprises waste more money on IT than ever before and it’s not as if the money is going into growing and transforming the business. What, then, is pushing costs into these stratospheric levels?

Most of the money, an average 66% according to Gartner, goes into keeping the lights on and more than 6% is wasted because of mediocre maturity levels. With businesses and IT under increasing pressure to improve portfolio effectiveness and reduce IT costs, it’s essential that businesses find a way to mature their IT portfolio management so they’re able to optimize every dollar invested in IT.

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Strike & Maintain the Right Innovation Balance

Written by Mike Gruia on June 7th, 2014 at 6:00 am

IT and the business knows:    The year-to-year viability of a company depends on its ability to innovate.

We have learned over the years that innovation comes from three sources.

  • Top Down – Driven by management imperatives (i.e. we have to be in the cloud)
  • Bottom Up – Can originate anywhere in the organization, everyone participates and offers new ideas (i.e. start with a blank piece of paper)
  • Middle – This core innovation represents efforts to make incremental changes to existing applications and incremental inroads into new markets.  Such innovations draw on assets the company already has in place.

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UMT360 Announces the Release of UMT360 Portfolios

Written by Ben Chamberlain on June 4th, 2014 at 6:46 am

UMT360 today announced the release of the newest module in its leading Enterprise Portfolio Management solution – UMT360 Portfolios.  UMT360 Portfolios connects siloed portfolios (e.g. project, application, IT Service and business capability) to build a dynamic blueprint of a company’s operating fabric.  It provides three breakthrough EPM models to help CIOs, Portfolio Managers and PMOs visualize cross-portfolio relationships and gain the transparency needed to digitalize investments.  Click here to read the press release and here for more information on UMT360 Portfolios and UMT360 Financials.

How do you create a strong Enterprise PMO?

Written by Ben Chamberlain on May 19th, 2014 at 1:37 pm

Consolidated Edison’s Frank La Rocca did such a great job setting up an enterprise PMO to handle a $200 million portfolio that the energy company has asked him to do the same for $2 billion of spend.  What made him so successful?  La Rocca understood early on that he had to have the portfolio transparency to know what projects were underway and the financial metrics to gauge their performance.  He had to make changes to ensure he had the information he needed to make smarter portfolio decisions from selection forward.

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Key Digital Models for CIO Management of Applications Investments

Written by Ben Chamberlain on May 15th, 2014 at 3:31 pm

Gartner’s recently released 2014 CEO and Senior Executives Survey found that growth and IT are executive’s top priorities and those surveyed are talking about digital.  In Gartner’s announcement of the survey, VP and Gartner Fellow Mark Raskino said the CEO’s who say technology-related change is important to them, must now invest in that insight.  “Make the tough choices. Be prepared to cut back in areas that represent the old pre-digital ways of doing business. But maintain a coherent and integrated view of the investment being made. Don’t allow too much fragmentation across sales, marketing, digital, IT and other budgets to obscure the view and reduce directional control.”

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The CIO as Chief Investment Officer

Written by Mike Gruia on May 14th, 2014 at 10:17 am

I was reading a blog from a while back on the HBR Blog Network called “The Four Personas of the Next-Generation CIO.”   It was amazing to stop and think about how much has changed since the blog was written a few years ago.  While the issues for the CIO remain basically the same as in the blog, what the CIO role looks like today and where it’s headed appear to me to be very different.

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Senior Executives Focused on Growth and IT

Written by Ben Chamberlain on April 17th, 2014 at 2:57 pm

Analyst firm Gartner has released the results of its 2014 CEO and Senior Business Executive Survey and it finds that growth is on the minds of executives.  A third of respondents ranked it as their top priority with IT also high on the list.   In Gartner’s announcement of the survey, vice president and Gartner Fellow Mark Raskino said CEOs talking about the increasing significance of technology-related change have to now move to invest in that insight.

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The Magic Ingredients of Managing IT

Written by Ben Chamberlain on April 14th, 2014 at 2:13 pm

Businesses today are challenged with ways to fund innovation as budgets remain flat or increase incrementally.  The inability to efficiently invest in the future is one of the reason’s IT is becoming less relevant.  It’s imperative that organizations make changes and not only gain a greater understanding of their spending dynamics but also adopt a new approach to decision making, one that focuses on strategic investments and their ability to create competitive advantage.  How do you get started?

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