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IT Strategies to RUN and to GROW Business
Studies find that a very large portion of IT budgets go to maintaining
current IT systems, leaving few resources to invest in new initiatives. As
IT becomes more complex it demands more resources to maintain existing
service levels and thus has become less responsive to the business. What is
needed is for IT to reduce the cost of running the business and allocate the
resources to growing the business. With its fixed budgets, IT needs to
implement technology solutions that simultaneously accomplish both tasks. If
successful organizations can rebalance IT investment portfolios, run their
businesses more cost effectively and free resources for business growth.
Information Supply v/s Information Demand
The inability of information supply to keep up with information demand
prevents organizations from acting on growth strategies. Each wave of
technology has enabled increase in information supply. At same time end
users with array of devices - PCs, PDA, Mobile Phones - have become more
dynamic and unpredictable and are demanding more and more information in
their quest for productivity. The role of CIO is to reconcile and support
the requirements for information supply at back end of the enterprise and
information demand at the front end.
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