IT Portfolio Rationalization |
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Synopsis of Book
IT Portfolio Rationalization
Authored by Patni Computer Systems Limited
Published by Tata McGraw-Hill
Contact us for a copy of the Book |
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Corporations have over the years, deployed a diverse mix of software and hardware applications. Rapid advancements in IT, combined with competitive business needs, have resulted in CIOs constantly grappling with contrasting IT environments. At one end of the spectrum are modern applications that leverage and capitalize on the potential of the Internet, while the other end comprises traditional, close-ended, legacy business systems. In the midst of this technological diversity comes a startling realization that there is an estimated 200 billion lines of COBOL software accounting for roughly 60% of total software deployed worldwide. Also market research estimates indicate that more than 70% of corporate data still resides on legacy systems. The challenge that Technology and Business leaders have to address is the successful management and re-deployment of legacy systems to meet tomorrow’s business needs.
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| Economic and political conditions over the last few years have resulted in several emerging challenges for organizations. |
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Time to market has been narrowing. Organizations are moving from 18-month project cycles to 6-month project cycles. |
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New products and services are being introduced in rapid succession. |
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With globalization and deregulation, the need for flexible, retro systems that can synchronize with rapid business shifts has become crucial. |
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Organizations are mapping cost controls to appropriate service expectations. |
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| Patni’s suite of Application Management Services includes: |
Such dynamic considerations have made it imperative for organizations to assess the financial viability of their IT portfolio, so that they can leverage the advantages of new-age languages and optimize returns on investment on existing applications as well. |
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| With this background it is proven that IT Portfolio Rationalization can significantly reduce costs (Total Cost of Ownership-TCO)through the implementation of more efficient, aligned and standardized IT systems that lower maintenance and human resource expenses. Rationalized applications also guarantee shorter time-to-market, easier application integration, consolidation of subsystems, and the ability to expand functionality while fully preserving corporate business knowledge. Their ROI can be measured not only directly within the IT budget but also throughout the organization, due to increased productivity and more efficient decision making processes. |
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| The wide range of rationalization options, relevant roadmaps and tools, each with its own positive and negative business consequences, has led more and more IT executives to recognize the need for an sound assessment framework and methodologies to achieve an effective Portfolio Rationalization. |
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| In line with these benefits and challenges associated with portfolio rationalization, a team of Patni consultants have authored a book on IT Portfolio Rationalization. The book aims to answer the following critical questions for Portfolio Rationalization: |
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What are the various business scenarios/events that lead to portfolio rationalization? Are there any industry/vertical specific scenarios? |
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What are the distinct rationalization strategies? What activities are involved in each strategy? |
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What factors make these strategies different? |
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What products/solutions, technologies and frameworks are available in the market for achieving the portfolio rationalization objective? |
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How do organizations map business scenarios against available portfolio rationalization strategies? |
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On what parameters the effectiveness of this mapping will get decided? |
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For a selected rationalization strategy which factors govern the Return in Investment-ROI (Cost, Benefit, Risk and Flexibility) and how can these be measured? |
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| The book presents a detailed Portfolio Rationalization methodology consisting of an application assessment and portfolio assessment approach. The methodology will cover each aspect of portfolio rationalization (like business process assessment, IT infrastructure assessment, filling business process inefficiencies with appropriate transformation strategy, expected ROI and a way to measure and monitor the ROI) for successful implementation. |
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| The book has been targeted towards senior decision-makers who are responsible for managing the organization’s application portfolio and ensuring that the portfolio delivers true value to the business. |
