Key Highlights
- The digital transformation bandwagon is crowded as companies rush to modernize for improved resilience in a post-pandemic era, financial pressures, and operational impacts.
- Only 30% of digital transformations meet or achieve their targeted value, resulting in sustainable change.
Digitization begins before getting hindered by the complexities under the hood. They repeatedly need help managing the huge array of technology assets that come along with the modernization effort.
Starting a transformation with the proper approach to enterprise technology management can help companies avoid this fate.
Insufficient IT Asset Management
The adoption of digital technologies was accelerated by several years as companies rushed to cope with new work-from-home requirements, supply chain disruptions, and other impacts. Lingering inflation and economic challenges are keeping pressure on companies to modernize currently.
As these digital transformations roll out, more complexity comes from an increasing range of technologies being adopted. From new SaaS integrations, and multi-cloud deployments, to increased work-from-home connectivity and equipment, people are now dealing with an enhanced digital environment that many are leveraging to cope with current industry conditions.
Further adding to the complexity are modern cloud infrastructure paradigms that fire up and shut down servers automatically. These complexities create increased workloads for IT asset management teams and technologies. It hobbles the transformation effort with inefficiencies and security gaps from misaligned assets & systems and lost productivity from operational slowdowns.
Future of Data Analytics: The Top 5 Predictions for 2022
Enterprise Technology Management For Transformation Success
76% of enterprises use multiple systems to find inventory data about various technologies, which only exacerbates security, compliance, and operational challenges. The right enterprise technology management framework can help in bringing order to the IT Tower of Babel that resists integration and blocks the technology assets’ alignment.
Organizations gain a holistic view of all related systems across IT, finance, security, HR, and other divisions as a unified data pipeline from this privileged position in the technology management landscape. The result is highly improved visibility, a single pane of glass for analyzing and exerting control across all assets, dependencies and workflows.
For success, it is highly important to ensure the enterprise technology management framework remains accessible to anyone, technical or non-technical, to build multi-step workflows that automate business logic and simplify cross-functional business tasks.
Setting The Priorities To Reap The Most Benefit
It is most important to choose the right use cases to prioritize, ones that will have the most impact in aligning assets and strengthening the IT estate upon which the digital transformation is built.
One of the highly impacted and enterprise-wide priorities is the effective management of software licenses. A smart, integrated technology management approach can boost revenue and compliance by eliminating over-licensing and under-licensing software. It is achieved by automatically acquiring data across the IT portfolio and mapping it to purchased licenses and statuses.
The secret to overcoming the pitfalls lies in modern IT asset management. When implemented proactively through the proper enterprise technology management approach, it can be the foundation for a successful and durable digital transformation.
History of food delivery: Exploring how food delivery became the new norm
