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To digitally transform your business, take a risk perspective into account…no risk, no reward!

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Take a risk percepective in digital transformation

The key is to accept risk: learn how to navigate around some risks and manage others. Digitally transform your business by taking a risk perspective into account when rationalizing and modifying your IT portfolio.

You’ve got ideas to digitally transform your business, so where do you begin?

To transform your business to meet today’s market demands, you need to be innovative. And there’s a good chance that to be successful with your innovation, you'll need to take on new risks. Given the rapid pace of change today, how does IT manage this additional risk? And as if that responsibility wasn’t enough, the IT department is also expected to drive and support many facets of the business, all the while streamlining IT costs and establishing a foundation for digital transformation.

As you know, nothing in life is risk-free. Everything is accompanied by risk. But, the key is to accept risk into your life, learn how to navigate around some risks and manage others.

Let’s take a look at some of the risks associated with transforming your business:

Sluggish, inefficient applications that slow down your business

Since the dawn of the digital age, CIOs have been catering to their organizations by constantly offering "band aid" solutions to meet immediate needs. However, this piecemeal approach often results in random and hap-hazard extensions, modifications, additions and siloed solutions that offer immediate gratification, but prove to be short-term in value and costly in the long run. This practice ends up hindering overall operational effectiveness, and increasing IT risk and cost.

Shadow IT

When individuals in your organization take it upon themselves to resolve their IT needs without organizational support and/or approval, it often leads to clutter and chaos of your IT portfolio. This poses detrimental effects to the speed with which the IT department can respond to growing business needs and demands, especially if you want to champion a digital transformation. This trend of acquiring rogue applications causes increased security risks, compliance issues and data breaches.

Digital transformation

The introduction of new technologies and behaviors, such as mobility, the Cloud, IoT (Internet of Things) and BYOD (Bring Your Own Device) pave the way for IT consumerization – revolutionizing the way we use technology and transforming not just business, but society as a whole. This forces CIOs to deal with added risk such as protection and confidentiality of personal data, company data security, and regulatory compliance.

Question: How do you prevent this from turning into a catastrophe?

Answer: Three easy steps …

  1. Inventory Phase. Take inventory of your IT resources and determine the associated coverage, costs and risks.
  2. Evaluation Phase. Assess the impact that each application has on business performance and their vulnerability to risks.
  3. Transformation Phase. Develop and compare transformation scenarios through various criteria such as risk on quality, risk of feasibility and costs.


Risk exists. You need to be aware of it. Then, navigate around some and manage others. With MEGA, you can digitally transform your business by including a risk perspective when rationalizing and modifying your IT portfolio.

Bring broader value to your digital transformation efforts by taking a risk perspective into account. You owe it to your business.

To learn more, download our white paper: IT Portfolio Management – Boost Business Value by Incorporating Risk.

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Occasional Contributor

The key is to accept risk: learn how to navigate around some risks and manage others. Digitally transform your business by taking a risk perspective into account when rationalizing and modifying your IT portfolio.

You’ve got ideas to digitally transform your business, so where do you begin?

To transform your business to meet today’s market demands, you need to be innovative. And there’s a good chance that to be successful with your innovation, you'll need to take on new risks. Given the rapid pace of change today, how does IT manage this additional risk? And as if that responsibility wasn’t enough, the IT department is also expected to drive and support many facets of the business, all the while streamlining IT costs and establishing a foundation for digital transformation.

As you know, nothing in life is risk-free. Everything is accompanied by risk. But, the key is to accept risk into your life, learn how to navigate around some risks and manage others.

Let’s take a look at some of the risks associated with transforming your business:

Sluggish, inefficient applications that slow down your business

Since the dawn of the digital age, CIOs have been catering to their organizations by constantly offering "band aid" solutions to meet immediate needs. However, this piecemeal approach often results in random and hap-hazard extensions, modifications, additions and siloed solutions that offer immediate gratification, but prove to be short-term in value and costly in the long run. This practice ends up hindering overall operational effectiveness, and increasing IT risk and cost.

Shadow IT

When individuals in your organization take it upon themselves to resolve their IT needs without organizational support and/or approval, it often leads to clutter and chaos of your IT portfolio. This poses detrimental effects to the speed with which the IT department can respond to growing business needs and demands, especially if you want to champion a digital transformation. This trend of acquiring rogue applications causes increased security risks, compliance issues and data breaches.

Digital transformation

The introduction of new technologies and behaviors, such as mobility, the Cloud, IoT (Internet of Things) and BYOD (Bring Your Own Device) pave the way for IT consumerization – revolutionizing the way we use technology and transforming not just business, but society as a whole. This forces CIOs to deal with added risk such as protection and confidentiality of personal data, company data security, and regulatory compliance.

Question: How do you prevent this from turning into a catastrophe?

Answer: Three easy steps …

  1. Inventory Phase. Take inventory of your IT resources and determine the associated coverage, costs and risks.
  2. Evaluation Phase. Assess the impact that each application has on business performance and their vulnerability to risks.
  3. Transformation Phase. Develop and compare transformation scenarios through various criteria such as risk on quality, risk of feasibility and costs.


Risk exists. You need to be aware of it. Then, navigate around some and manage others. With MEGA, you can digitally transform your business by including a risk perspective when rationalizing and modifying your IT portfolio.

Bring broader value to your digital transformation efforts by taking a risk perspective into account. You owe it to your business.

To learn more, download our white paper: IT Portfolio Management – Boost Business Value by Incorporating Risk.