You’ve taken the obvious steps to cut costs in your application portfolio, so where do you go next? With a large, dispersed IT infrastructure and systems that operate in silos, often with duplicative functionality, it’s not necessary to take on your portfolio in a single bite.
To get started, you simply need answers to basic questions that will define the direction that the organization takes to optimize the value of its IT portfolio such as:
- What do we own?
- Is it healthy?
- Is it redundant?
- Is it being used?
- Is it necessary?
In our new ebook, “CIOs Must Take Stock! Simple Steps to Understand your Application Portfolio,” we give practical advice and best practices to achieve success.
- Take Stock: It’s not as hard as you think to take an inventory of your systems. Avoid the urge to collect TOO much information and instead focus on simplicity.
- Find Quick Wins: After you have the inventory in hand, you’d be surprised how easily the first set of quick wins will emerge. Simply reducing the total number of apps and complexity will translate into hard savings.
- Compare Data: Using a simple set of metrics based on objective assessment in conjunction with industry benchmarks arms you with normalized data that can be used for effective comparison. This is the only way to avoid bias and turf wars when it’s time to make hard decisions.
- Repeat: This process only works if you run it continuously. The value from collecting, assembling, analyzing, and reporting on a large portfolio provides a return on effort that would greatly benefit any organization.
Want to learn more? Read the ebook, and you’ll be on your way to increasing visibility into IT assets and projects so you can make more sound investment decisions.
Erik Oltmans, an Associate Partner from EY, Netherlands, spoke at the Software Intelligence Forum on how the consulting behemoth uses Software Intelligence in its Transaction Advisory services.
Erik describes the changing landscape of M & A. Besides the financial and commercial aspects, PE firms now equally value technical assessments, especially for targets with significant software assets. He goes on to detail how CAST Highlight makes these assessments possible with limited access to the targetâ€™s systems, customized quality metrics, and liability implications of open source components - all three that are critical for an M&A due diligence.