Information Technology (IT) has permeated virtually every aspect of business forcing enterprises that want to lead in today’s business environment to adopt and adapt to new business models enabled by IT. Cloud Computing, Social Media, Big Data (Big Strategy also known as Predictive Analytics), Mobility and Employee Owned Devices (Bring Your Own Devices), Internet of Things and Cybersecurity. IT has become the gateway to business flexibility, cost containment and scalability and is radically shifting business engagement. IT is a key business game changer.
IT Governance for Boards & Senior Executives
Introduction
Building Competitive Advantage
Top organizations are realising the business potential for using IT to stimulate innovation, create brand recognition, hire and retain employees, generate revenue, improve customer satisfaction and inevitably build sustainable competitive advantages. Whilst IT can be a huge game changer most organisations have not yet come to a point of realising the benefits from IT.
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The Challenge
Systems are frequently down and unavailable leading to non availability of services
IT projects budgets frequently shooting the roofs – budget creeps – leading to
unfavourable cost profit ratios
IT projects that never deliver the promised benefits
Duplicated systems
Numerous peripheral systesms with many interfaces and duplicated functions
Too many vendors / suppliers
Over reliance on 3rd parties
Emails frequently not working
Fruitless and wasteful expenditure
IT budgets that cannot be justified with value on the ground
Lack of understanding of business by IT – Head of IT a technical specialist with no
business knowledge
Lack of trust between Business and IT
Inadequate IT skills