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Application rationalization for superior ROI: Building a lean and cost-effective IT portfolio
Addressing the challenges of exponential growth in the number of IT applications and increasing complexity of the application landscape are some of the challenges keeping CIOs up at night. Business growth coupled with creation of functional silos in most organizations often leads to a disparate IT environment with several redundant elements in the IT application portfolio. In today’s hyper-competitive business environment as organizations strive to achieve leaner operations, rationalizing the application portfolio is a critical first step. A comprehensive exercise in portfolio rationalization not only optimizes the total cost of ownership (TCO) of IT investments but also aligns the IT environment with business needs, enabling the creation of an enterprise-wide integrated IT environment.