CIO

UMT360 Blog

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

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).

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

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).

Stop Wasting Your IT Spend

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 …

Strike & Maintain the Right Innovation Balance

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 …

UMT360 Announces the Release of UMT360 Portfolios

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 …

How do you create a strong Enterprise PMO?

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 …

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 …

The CIO as Chief Investment Officer

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 …

Senior Executives Focused on Growth and IT

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 …

The Magic Ingredients of Managing IT

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 …

Rationalize & Get More Business Value from Your Applications – March 18th

Today, more than a third of IT budgets are consumed by applications with half of that dedicated to maintaining legacy systems which, in so many cases, don’t align with current business needs.    As a result, executives are turning to Application Portfolio Management (APM) to rationalize their operational costs, modernize their applications and better align …

5 Principles Essential to IT Cost Optimization

IT investments face a leaner, slimmer future but the companies that master IT investment cost optimization will emerge with better ROI on their investments.  IT investments are positioned as so essential to core operations and integral to business success that they often remain remarkably resistant to cutbacks, even in economic downturns.  Although IT investment budgets …

Ushering in 2014 & Your Application Spend

As we ring in 2014, IT spending is on its way up.  Gartner is forecasting a 3.1% increase in worldwide IT spending this year taking it to an estimated $3.8 trillion.  Also on the rise, the amount of software budgets dedicated to applications.  In a Gartner enterprise IT spending study last year, respondents indicated the …

Are you ready for PPM 2.0?

UMT360 is pleased to bring you a series of webinars on PPM 2.0 – Why Portfolio  Financial Intelligence (PFI) is Key.  You can click here to view the recording of the first in the series presented in late September  by UMT360 CEO Mike Gruia.  Join us for the next three webinars being presented by Frank …