Business and IT Alignment Offering.Business Editors/High Tech Writers GLEN ARBOR, Mich.--(BUSINESS WIRE)--Feb. 22, 2000 Wellspring well·spring n. 1. The source of a stream or spring. 2. A source: a wellspring of ideas. wellspring Noun Associates Incorporated announces a new business and IT alignment product! According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. researchers, the alignment of information technology with business value is a top 10 concern of CEOs and CIOs. It is predicted that this issue will extend into the next decade. Access to the right information becomes ever more critical to competing successfully in a global, wired economy. Making timely decisions regarding information technology investments becomes ever more significant. According to an Information Pathways Inc. representative and a partner of Wellspring Associates, Inc., the real problem is coming up with a holistic approach holistic approach A term used in alternative health for a philosophical approach to health care, in which the entire Pt is evaluated and treated. See Alternative medicine, Holistic medicine. to the problem. Business and IT alignment is a very complex topic that requires linking together seemingly diverse aspects of the business, and integrating continuous planning processes. Without a practical and actionable alignment strategy, the business value of information technology remains intangible. IT projects will be difficult to prioritize pri·or·i·tize v. pri·or·i·tized, pri·or·i·tiz·ing, pri·or·i·tiz·es Usage Problem v.tr. To arrange or deal with in order of importance. v.intr. and difficult to "sell" to management. There could even be an adversarial ad·ver·sar·i·al adj. Relating to or characteristic of an adversary; involving antagonistic elements: "the chasm between management and labor in this country, an often needlessly adversarial . . . relationship between the IT department and business units. Without tangible value measures, cost measures are apt to prevail. This tends to select for projects with lowest cost and risk and may eliminate projects with acceptable risk and a high probability of providing business value. IT Support Solutions Inc., another Wellspring collaborate, puts it this way: "If you can't measure it, how can you improve it?" Measurement, although not "rocket science rocket science n. 1. Rocketry. 2. Informal An endeavor requiring great intelligence or technical ability. ", can be very complex and overwhelming to take on. If one considers information technology to be a kind of investment portfolio, it becomes clear that a uniform means of selecting the winning IT investments is key to business success. A comprehensive approach that includes visioning, assessment, measurement and repeatability must drive strategy to action with proven processes. The measurement process must have a broad enough scope to include the relevant variables as well as repeatability and normalization In relational database management, a process that breaks down data into record groups for efficient processing. There are six stages. By the third stage (third normal form), data are identified only by the key field in their record. of metrics. Only then, can the relative merits of IT projects be compared in the same context. For more information: Wellspring Associates Inc.: Visit http://www.wellspringassociates.com. Information Pathways Inc., Glen Arbor, Michigan, US: Brad Reed, 231-334-7659. IT Support Solutions, Kanata, Ontario Kanata is a large suburban area in the western part of Ottawa, Ontario, Canada,it has a population of 90,000 and is growing rapidly. It is located just to the west of the Greenbelt and is one of the largest of several communities that surround central Ottawa. , Canada: Bruce Cochrane, 613-831-6258. SOURCE: DigitalWork ( http://www.digitalwork.com ) DigitalWork.com -- Your Business Workshop |
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