At the event Gartner ran a session on “techniques for the CIO to demonstrate IT value and secure budgets”.The top things that were recommended were:
Use benchmarking to provide context of IT spending in line with industry averagesConsider the metrics being used to run the business grow the business, transform the business and map these to IT and a long-term CIO plan.
Create a cash view of the IT budgetShow the business the services that IT delivers and explain the positive impact IT can have on the business. The goal is to get the CFO to say “we’re not showing the true value of IT because I’m not giving them enough budget.”
Market the success of ITThink about what has been done well in the past and communicate this internally by showing the impact of IT on business outcomes.
Communicate the art of what is possibleIt is important for the CIO to show the art of the possible and new opportunities if IT had a larger budget. For many years, there has been an ongoing discussion about how to close the gap and align IT to ensure that they are delivering what the business needs. With the emergence of big data as a hot topic, there are three questions that the CIO and other senior IT executives should consider:
- Is big data finally the thing that can close this gap between the business and IT?
- Is big data the tool to allow the CIO to show the value of IT to the CEO?
- Is big data IT’s gift to the CEO to support the number one priority of growth?
Share this story