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Key Digital Models for CIO Management of Applications Investments

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.”

UMT360 has noted increased interest in executives searching for ways to gain visibility across their investment portfolios so they’re able to confidently make more informed investment decisions aimed at growing the business.  

For those looking to improve the way they manage investments in applications, UMT360 CEO Mike Gruia says they need to understand and adopt three key digital business models.

  1. Portfolio Integration will set functionality rules helping executives understand relationships between the business and IT entities involved, their priorities and the impacts of change.  
  2. Financial Intelligence sets budgetary constraints by understanding the true costs of operations and change.  
  3. And finally, Roadmap Synchronization sets time constraints creating deadlines and landing zones. 

In a recent white paper, The Messy Business of Managing Investments in Applications, Mike discusses the three digital business models and how they’re helping businesses better manage their applications and drive performance.

Click here to access Mike’s complimentary whitepaper or learn more and ask questions during an upcoming Mike Gruia webinar presentation on May 29th.  He will discuss key issues shaping today’s CIO Investment Strategies as well as how to address them.  Join us – register today.