Published: 05 April 2017
Analyst(s): CIO Research Team
As technology becomes the top driver of enterprise growth, CIOs must rethink how their companies prioritize and track technology funding. Current technology funding models are incomplete, as they fail to capture all technology spending across the enterprise, and they are too slow and rigid or narrow in scope to support innovative and fast-changing digital investments. A new model is emerging that allows CIOs to be the steward of enterprise technology spending, empowers IT and other business leaders to make funding decisions faster, and makes the drivers and benefits of technology investments transparent.
The Current State of Technology Funding
Challenges of the Current Models
Incomplete Picture of Enterprise Technology Spending
Rigid Prioritization Process Hinders Speed and Flexibility
Hidden Technology Interdependencies
Poorly Understood Cost Drivers
The New IT Funding Model for IT
Objectives of the New Funding Model
A Better Way to Look at Technology Funding
Five Steps to Build a Technology Funding Model for the Digital Enterprise
Recommended by the Authors
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