TBM deja vu from “The Future of IT,” Global Institute for IT Mgt

The Future of IT – Global Institute for IT Mgt is an article written by Dr. Jerry Luftman, founder of the Global Institute for IT Management. Formerly of Stevens Institute for Technology (quasi-thinktank for IT/systems), the article has a few key takeways:

research is showing that even with the economic downturn, there is a steady increase in the number of organizations around the globe devoting more time to leveraging IT for revenue generating initiatives.”

 “IT is moving from an organization focusing on metrics/SLAs and expenses to analyze itself, to an organization that is delivering demonstrable business cost reduction, to an organization that is providing distinctive revenue increases.”

 many blogs profess that SME IT organizations will be eliminated as the result of Cloud. However, these discussions often miss an important contribution of Cloud computing; it enables these SMEs to consider IT initiatives that heretofore were only available to large organizations (initiatives that can help catapult them to the next revenue inflexion point).”  

“we are finding that an even bigger problem is our non-IT executives not understanding what their role needs to be for IT initiatives.”

Focused on TBM, Technology Business Management ("run IT like a business"). - 30+ years of experience, in providing IT strategy, process, application, RAMP, hardware, software, network, internet and cloud solutions to financial services, MRD and high technology companies from startup to F500. - 20+ published articles on the intersection of business and technology. - Startup advisor and mentor to a dozen startups, four of which were acquired and one of which is newly-launched (ITconnecter, a Crosswaves Ventures LLC company). - Specialties: IT Technology Business Management (TBM, aka "run IT like a business"), strategic partnerships, technology innovation, solutioning and program/project management (onshore, nearshore, offshore). Technology consulting focused on innovation, built around process, data and integration (cloud, social networking). We use I/TBM financial management best practices to help mid-size and large enterprises ensure they are meeting the needs of their business effectively and efficiently.

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