How to Improve Technology ROI & Align IT Investments with Overall Business Strategy

How to improve technology ROI & align IT investments with overall business strategy

Date: February 3, 2016
Posted by Litcom Team
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Category: IT Assessment

IT Assessment Litcom Think about your organization’s IT performance today. How would you answer these questions?

Are you satisfied with ROI, TCO and Productivity?
Is your IT department receptive or are your clients and users displeased?
Does your organization possess a clear and holistic roadmap on how to operate and measure IT Performance?
Does your organization have a clear governance model for investment taking into consideration where the IT organization resides on a maturity or evolution framework?

While there may not be a world-class or best-in-class maximization of IT and ROI, some well-understood methods and time tested practices can create a major difference in preparing the IT organization to be a leader within the company and to position it to meet the demands of today’s global, fast paced businesses. Performing an IT assessment against this framework will help you pinpoint the gaps that exist, offer clarity and help establish both the short and long-term actions required by the IT organization to define a path to generating and leading superior performance. The results of an IT assessment will help your organization achieve maximum Technology ROI.

What results can be expected from performing an IT assessment?

The key result of any successful IT Assessment is the replacement of disagreement and misperception about the organization’s use of IT, founded on varying perceptions and priorities, with an agreement regarding the facts and their implications.

Specific suggestions may include initiatives such as:

Enhancements to key IT processes;
Implementation of new IT metrics, service level agreements and performance reports;
Development or revision of IT strategies and plans;
Changes to IT governance structures (e.g., improved prioritization processes);
Enhanced/improved technical architectures; and
New or revised sourcing arrangements.

Implementation of recommendations resulting from an IT assessment may lead to the realization of such benefits as:

Improved IT performance;
Improved business performance;
Decreased operational risks;
Better control of the IT organization, processes and infrastructure;
Successful projects on time and on budget;
Decreased cost exposure from overruns;
Enhanced competitive position;
Internal control over financial reporting;
Improved security; and
Improved IT governance.

Conducting an IT assessment is particularly important when there has been a change in senior management, a change in business direction, or when the marketplace commands that new ways of doing business are required. The IT assessment will help your organization explore new ways of improving its return on IT investments and enabling improved business performance.

Due to the substantial benefits of an IT assessment, companies are taking time to assess their IT to determine whether their platform supports today’s business and more importantly if their business can grow with the application, database and infrastructure that is presently in place.

Litcom Approach

Litcom provides a comprehensive and thorough review of your company’s technology environment. We will appraise the complete technology landscape and provide a written evaluation and recommendation on how to use technology in order to best meet your company’s business goals and objectives. We use leading practices and industry recognized methods within our assessment.

The assessment includes, but is not limited to:

Leadership, management, organization, and governance;
Strategy and plans;
Skills and competencies;
Application and data architecture and solutions;
Network and communication architecture and performance;
Infrastructure and data center operations;
IT processes, methods and tools;
Vendor arrangements and Service Level Agreements (SLAs);
Disaster recovery planning and backup solutions;
Emerging technology assessment and reviews; and
Budgets and investment plans.

Litcom’s IT Assessment provides a snapshot of your company’s IT environment and gives you an unbiased, third party perspective on the effectiveness of the strategy and plans, systems, staff, budget, vendors, procedures and company policies – allowing you to make the critical decisions about IT with a complete picture. For more information on IT assessments, please contact us at: [email protected].

Learn how your organization can improve technology ROI & align IT investments with overall business strategy.

Download our free IT assessment guide for more details.

Download Guide

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How to Improve Technology ROI & Align IT Investments with Overall Business Strategy