IT Organizations Adjust to “New Normal”

The “new normal” is taking hold as businesses emerge from the economic recession and look to 2010 and beyond. Greater emphasis on disciplined decision making supported by a complete understanding of associated risks will become part of the norm.  To that end, one of the major Information Technology (“IT”) market intelligence firms, IDC, recently published a report on what IT organizations should be doing to adjust to the “new normal”.  Here is what IDC suggests as priorities for IT organizations.

  1. Cost and Funding Management: IT organizations will increasingly be forced to develop cost profiles, including the business value of solutions, to support investment decisions. This will not be an easy or pleasant task, and has been a requirement that has dogged IT organizations for years.
  2. Sourcing and Platform Strategies: As new options become available to achieve an IT or business objective, IT organizations will have more room to experiment, innovate, and change, but will also have to justify their choices more conclusively.
  3. Equipment Leasing and Software Financing: Commercial organizations will return to IT leasing and financing as a means of bolstering their access to IT resources.
  4. Life Cycle Management: IT organizations have already extended the planned deployment of many major systems, but they still need to develop the tools and management processes to quantify the underlying cost implications of these longer asset lifecycle models.
  5. IT Financial Management Tools: As IT platforms and business processes increasingly move toward a mix of in-house and third-party provision, the need for IT financial management software, tools, and best practices to better enable IT organization operational decision-making will become apparent.

Does your IT organization have the necessary tools and supporting business practices to operate in this new environment?  If not, Wheelhouse Advisors can help.  Visit www.WheelhouseAdvisors.com to learn more.

information technology

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About Wheelhouse Advisors
Wheelhouse Advisors LLC is the publisher of The ERM Current™, an online publication and blog dedicated to providing the latest updates on current trends in Enterprise Risk Management & Control. Wheelhouse Advisors provides cost-effective Enterprise Risk Management & Control solutions to both large and mid-size corporations. To learn more about Wheelhouse Advisors, please visit our web site at www.WheelhouseAdvisors.com.

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