Now is the time to raise the bar on IT investment planning, to make sure investment capital is used to position the business for success. As a CIO or IT leader, you must focus on enabling the corporate strategy, not fighting about technology standards or managing budgets. As a CEO, a CFO, or a business leader, you must seek to understand how technology can enable your capabilities, instead of simply trying to reduce your unit service cost. The integral role of IT gives you a unique vantage point from which to help the business identify the right capabilities and bring them together across the value chain. With a well-designed road-mapping process, you can give IT the role that it deserves.
Reprint No. 10404
- Eduardo Alvarez is a Booz & Company partner based in Chicago, and leads the firm’s global operations practice. He specializes in business process and IT-enabled transformations for energy, chemicals, and utilities companies.
- Srini Raghavan is a principal at Booz & Company based in Washington, D.C. He specializes in technology strategy, service delivery models, and capabilities-driven business transformation for the energy, chemicals, and utilities industries.
- Also contributing to this article were Booz & Company Partner Michael Connolly and Principal Dirk Klemm, and s+b contributing editor Edward Baker.
- This article was previously published in IT Foresight, Booz & Company’s monthly electronic newsletter on technology; see www.strategyand.pwc.com/it-foresight.