Keeping an IT eye on the bottom line

Money ImageIf you can’t see it, how can you prove its worth?

 Businesses expect IT departments to deliver the ability and flexibility to keep up with innovation in the marketplace, whilst lowering operating costs.

As a result, technology for technology’s sake is no longer sufficient. Before they sign on the dotted line, business leaders need to be assured that new technologies will offer financial and practical worth. It is widely accepted that up to 80 per cent of a company’s IT budget is spent on the everyday running of their IT environment. Therefore, it’s hardly surprising that leaders require such assurances before they invest in new technology.

A recent survey conducted at the European Business Awards reveals that 68 per cent of respondents believe innovation will speed business growth as economic conditions improve. This shows that business leaders see the benefits associated with innovation. However, out of the 80 business leaders questioned, over half admitted that they do not have a way to measure and show innovation return on investment (ROI). This is surprising considering 80 per cent stated that a ROI model is essential for growth.

With the importance of monitoring ROI equal to the importance of keeping up with innovation, what can CIOs do to keep track of their IT innovation ROI?

Cloud, BYOD and incubation are widely hailed as ways of the future. But measuring these against old methods of ROI calculation such as head count and operating cost saving modules causes confusion since they’re hard to track. Consequently, the true worth of investment is often unknown because comparisons cannot be drawn.

Getting an overview of the entire IT Infrastructure is one way of keeping up with innovation and monitoring ROI simultaneously.

For our customers, it is scale, security, automation, and resilience that ensures they keep up with innovation. Yet what companies need to be conscious of is that these are also key in terms of ROI. Managing resources and data that are constantly in motion, gaining visibility, and maintaining control of IT resources is fundamental for calculating true ROI. This must must include dynamic resources in real-time for private, public and hybrid clouds. No matter where they are located an entire overview is needed.

This overview can be obtained with integrated management and visibility of cloud and data centre resources. Only this way can ROI be tracked, and the true value of IT innovation for a company understood. This also provides CIOs with the assurance they need to prove to business leaders that financial and practical worth has been obtained.

There is enough adoption of new technology taking place to show that old-school ROI analysis has been overhauled by probabilistic benefit analysis. CIOs just need assistance gaining the visibility they require to calculate innovation’s true ROI.

 

 

CIO leadership challenges – IT growth and transformation with ControlCircle

Is your company’s growth and project turnaround being hindered by legacy IT thinking?

At our upcoming event CIO Leadership Challenge: How to balance today’s demands with tomorrow’s vision, we will be discussing how commercially minded IT leaders can evolve businesses strategically.

With industry insight from guest speakers 2012 Olympics CIO, Gerry Pennell, and Antonio Piraino, CTO of Sciencelogic. ControlCircle Managing Director, Carmen Carey will reveal our survey findings in which 250 CIOs shared their opinions on IT transformation and revealed their concerns regarding the future of IT innovation.

The findings cover:

  • IT budget alignment – balance and prioritisation, and why this is key
  • Cloud adoption – why this is now prevalent thanks to hybrid cloud, on-premises and traditional IT
  • Hybrid IT – in terms of the overall service delivery and as a resourcing model

 

The day’s agenda can be found here.

For more information and to register your place click here.

 

Global recognition for ControlCircle

MSPmentor logo

Last week, MSPmentor released its list of the top managed service providers (MSPs) worldwide. This covers North America, Europe, the Middle East and Africa (EMEA), as well as Asia, Australia and New Zealand (AANZ).

ControlCircle was ranked 14th out of the listed 501 MSPs worldwide. This makes us 2nd throughout EMEA, and the leading managed service provider in London. We are proud of this and believe this is a testament to our breadth and depth of service, as well as our international portfolio and robust foundation. Continue reading

Do you have a roadmap for IT transformation?

Highway Image

Peter Drucker, management consultant, is often quoted as expressing that companies need to ‘innovate or die’. This is quite a harsh statement, but it is an opinion that is often proven correct: organisations that fail to innovate and lead, or at the very least keep up with the times, often lose their ability to compete and face difficulties. Continue reading

Mind the (skills) gap in cloud computing

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Over the past few years cloud computing has brought about true transformation to business IT.

However, as news coverage suggests, changing the way we work and live in a dramatic way can cause some challenges. The widely discussed skills gap is one of the main obstacles facing IT leaders, as it has the ability to seriously threaten the impact and success of cloud computing in businesses. Continue reading