Archive for the ‘Digitalized IT’ tag

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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Having just returned from Gartner’s PPM & IT Governance Summit in Maryland, I’ve been reflecting on the many great discussions our team had regarding Digitalized IT and UMT360’s approach to Enterprise Portfolio Management (EPM).  Because we have long promoted the tenets of integration, transparency and digitalization as key to successful business investment management, it’s rewarding to see so many organizations today adopting the discipline of EPM to propel their businesses forward.

Digitalization was a strong theme at the Summit this year and we were interested in just how far along business are in digitalizing their IT.  We surveyed nearly 100 attendees who visited the UMT360 booth.  Visitors were asked to characterize their maturity in the four key areas.  They could indicate fully, mostly, little or none.

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