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Understanding Business Value of IT(Information Technology)


Is IT driven by business?
I believe its a good question to be asked at this point in time after the doom of financial markets allover world. When top investment banks collapsed in USA and Europe everybody is asking a question how it is possible if the system in place. IT in general supposed to be driven by business requirements so its natural process that, as other component in business, this is also adding value to business, but is that benefits realized to business?

Is IT a hype from time and again?
Business value of IT measured in different metrics and methodologies that may or may not give true picture of IT value to business, so the contradiction lies in the hypothesis itself that IT is driven by business which is adding no value but continuing. In the concurrent world where businesses are competing for survival and existence IT is invaluable from intangible perspective. 

Making sense of PM triangle 
The infamous scope, cost and schedule trio can be realized for IT business value in terms of earned value over time may only give results for a particular project. But unit or entities are interconnected by infrastructure, service delivery, process, people, and technological enabling for fostering agility and innovation.
Green IT
New buzz word in circulation to many, but required for sustenance to justify IT value to business, justifying new technologies may be Cloud Computing or web services to improve overall business functions and IT Cost Optimization required to reap benefits in future growth of IT.










Real Business of IT: How CIOs Create and Communicate Value             The Business Value of IT: Managing Risks, Optimizing Performance and Measuring Results           How to Measure Anything: Finding the Value of Intangibles in Business
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