It’s not news that software is eating the world. Nearly everything we touch today is supported by software – our refrigerators, cars, phones – you name it, it runs on software.
Because we are now so dependent on software-based services and applications, IT professionals have had to drastically speed their development cycles and add new functionality to systems that support our constantly connected lives. This has brought increasing complexity to IT portfolio management – leaving teams to choose between “keeping the lights on” and investing in new, innovative development that drives business differentiation.
As we will discuss in our webinar with MEGA on April 19, there are three big challenges that IT must overcome to drive business value:
- Cut down high operating costs for legacy systems and infrastructure
- Minimize complexity in digital transformation that comes from new methodologies like Agile and DevOps
- Address latent software risks that could lead to disruption of services for customers
More than ever, there is a sense of urgency for IT to transform and embrace a new development paradigm to create opportunity and competitive advantage for the business. This includes making software more visible and tangible to the business, refining the way IT designs, operates and maintains applications, and embracing innovation thanks to booming partner ecosystems and their underlying intelligence.
While these steps may seem significant, they are all eased by cloud migration.
In many cases, the business and the IT organization have already made a decision to embrace cloud – so the question is not IF, but HOW and WHEN.
By analyzing an application’s cloud readiness, teams can effectively identify opportunities to shift from CapEX to OpEX, inherently optimizing IT portfolio management to reduce costs, increase agility and improve alignment between the business and IT. This rationalization also helps lay the groundwork and gather funding for broader digital transformation initiatives.
Creating a digital-first organization is much more than simply developing new apps in the cloud. It’s also about taking advantage of the cloud for older applications that can become more efficient in a cloud environment.
While cloud migration is not always the answer, it is increasingly becoming a key pillar of a balanced and integrated approach to IT portfolio management. At the very least, it should be seen as a way to modernize, re-platform and re-architect applications to activate more intelligence and increase business value.
To get the rest of our tips for becoming a digital disruptor and streamlining IT portfolio management via cloud adoption, check out our webinar with MEGA!
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.