Technology is perceived as free since there is little visibility or understanding of the costs associated with delivery, except for costs associated with new initiatives or projects.
Many organizations manage costs meticulously through the development cycle. But once the solution is migrated to production, the ongoing costs are often lost in a single budget item as part of total operational costs.
The transition to the cloud and the use of cloud services is generating heightened interest in understanding the costs of technology delivery, since these costs are typically passed on directly to the line of business and, as such, directly impact the profitability and viability of the business service.
I’ll be addressing, these and related issues at the ITFMA World of IT Financial Management conferences in Savannah, Georgia July 8-12.
The event run by the ITFMA incorporates 4 conferences held concurrently, including:
- IT Financial Planning, Budgeting and Reporting;
- IT Financial Management for Controllers and CFOs;
- IT Asset and Expense Management; and
- Government IT Financial Management.
Here are the sessions I’ll be presenting at ITFMA:
“To Infinity and Beyond”
The Impact of the Future of Technology on Your Job
(Wednesday, July 8, at 3 p.m.)
Technology change continues to accelerate; bringing with it new capabilities arising from areas such as big data, cloud, consumerization, mobile, and social. The pace of change for businesses is also accelerating driven by consumers, new competition, globalization, economic factors, and changing regulations. The combination of these forces is leading to business areas relentlessly pursuing faster time to market, looking to take advantage of new market opportunities, and seeking greater autonomy to select, design, and implement their own solutions to satisfy their own needs. Business is demanding faster decisions, minimum coordination overhead without losing benefits, and greater flexibility to change direction and pursue opportunities.
Organizations that exhibit these qualities are delivering greater market and business success, and the organizations that don’t, will lose out to those who do. As all these business and technology changes intersect in IT, IT sees the challenge of continuous change as it seeks to balance the goals of responsiveness to business and control of risk. This session will explore the intersection of the forces of change, their impact on you, your roles and how the new knowledge worker will demand the delivery of capabilities.
Using Metrics to Better Discover, Manage and Charge for Your Cloud Services
(Thursday, July 9, at 11 a.m.)
IT Professionals often think of metrics as a means of measuring system performance, often without a relationship to how those metrics are used to run the business. In this presentation, you will learn how to understand the business connection to IT metrics, how to identify what metrics are meaningful and appropriate, and the use of a suitable proxy for Service Management. This includes a review of how other technology industries use proxies for service measurement, management, capacity planning, and finance.
Effective Innovation Mandates Strategy to Execution
(Friday, July 10, at 9 a.m.)
As you strive to drive innovation to meet business needs, there is an urgent requirement to build an efficient IT service model to support those business initiatives. After all, the time it takes IT to provision and onboard applications directly impacts the growth of the business. You will need to model your portfolio and services to optimize the return of investments in order to achieve the capability of assembling new services quickly and easily. In this session we will explore optimizing your portfolio for greatest return, leveraging strategies to drive innovation, responding quickly and dynamically to changing business demands, and demonstrating effective spend management.
If you’re interested in financial management, cloud computing or financial transparency, there’s still time to register for the event. And if you have questions on these topics, feel free to tweet me @RobertEStroud.
Latest posts by Robert Stroud (see all)
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