Technology has led almost all businesses to deal on the
use of IT.  Business organizations have put a lot of its
investments in IT without considering the benefits that
such will produce to the organization’s productivity. 
Cost involved in the procurement of IT equipment is
very material that management should give attention
on how IT should be managed.  The maintenance of
IT can also be costly.  It covers a large portion of
the organization’s budget.  In view of these senior
executives viewed information systems as one to
generate profit for as long as cost is incurred. 
 
In the management of IT costs and benefit,
management should be able to identify excessive IT
expenditure and how to control it.  It is being able
to find the benefits and measure what IT can
provide the organization.  It would be appropriate
to conduct a survey as an approach to measure
benefit.  The measurement of IT cost and benefit
should enable management to develop alternative
strategies to optimize efficiency and effectiveness. 
Management should be able to categorize IT
costs and benefits.  They should have at hand
strategies that involve major cost reduction. 
These includes the use of appropriate technology,
the advantages and disadvantages of downsizing,
upsizing and rightsizing, identify opportunities and
how to manage a major outsourcing should it be
opted.

Managers need to evaluate the success of IT in
the firm.   Managers do have responsibility for
either minimizing IT costs or maximizing IT
benefits.

 

Categories: News

Related Posts

News

ITIL PREDICTIVE ANALYTICS REPORT

  This ITIL report evaluates technologies and applications in terms of their business impact, adoption rate and maturity level to help users decide where and when to invest. The Predictive Analytics Scores below – ordered Read more…

News

Cybersecurity PREDICTIVE ANALYTICS REPORT

Read online and subscribe to Predictive Analytics Email Updates HERE You can have a say in which analytics you need in which timeframe: simply add your (anonymous) need to the list at https://theartofservice.com/predictive-analytics-topics-reports-urgency and we Read more…

News

Storage Technologies PREDICTIVE ANALYTICS REPORT

  This Storage Technologies report evaluates technologies and applications in terms of their business impact, adoption rate and maturity level to help users decide where and when to invest. This predictive analytics evaluates 36 storage-related Read more…