Enterprises are increasingly challenged by the lack of asset visibility and control necessary to ensure their technology investments support business goals and objectives, says Paul Viviers, PM Sight director.
According to Viviers, many companies do not know which assets should be retired, which IT applications are helping transform the business, and which research programmes are worth funding.
"Typical financial transaction systems can track costs by keeping the ledger up to date, but they usually don`t answer critical business questions, such as which investments are strategic and aligned with business need," says Viviers.
To answer such questions and enable the planning and control of investments to derive optimum business value, Viviers says organisations should look to enterprise investment management (EIM) solutions.
"The benefits of EIM are enormous, and often provide a very short-term payback in terms of improved communication and active participation among all stakeholders," says Viviers.
He maintains that rationalisation of existing investments alone, can result in near-term savings of 10% to 20% of the portfolio`s value, freeing up funds to invest in innovations that contribute to business transformation.
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