Clarifying ConvergenceBy Eileen Feretic | Posted 2009-09-29 Email Print
Companies in the Baseline/BTM 500 report share a belief in the promise of technology and strive to fully integrate it into their business.
The majority of firms assessed in the 2009 Baseline/BTM 500 have achieved at least a foundation for business-technology convergence. They focus on the strategic business-oriented management of technology, and exhibit strong capabilities across the four functional areas of the BTM Framework:
• Governance and Organization determines the role of technology in the enterprise and manages technology to meet business goals. This function structures and manages the business-technology organization, manages risk and compliance, and ensures that there is regular communication about the activities of technology throughout the enterprise.
• Strategic Investment Management approves and prioritizes technology investments. This function develops and manages project and asset portfolios, and provides reporting. It establishes and manages business-technology demand and resource requirements, and applies business technology to project execution throughout the implementation life cycle.
• Strategy and Planning articulates required business capabilities and the technology plans to enable them. This function provides a disciplined means of ensuring that budgets reflect and support strategy. It also supports the creation and management of relationships with the partners best suited to an organization’s strategy, and integrates technology assets to ensure consistency with the enterprise’s strategy.
• Strategic Enterprise Architecture describes business strategies, operating models, capabilities and processes in terms actionable for business technology. This function defines the applications and technical infrastructure required to meet enterprise goals and objectives; establishes a set of standard business-technology applications, tools and vendors; and identifies, organizes and manages existing business applications, along with technology assets and projects.—BTM staff
Read more “The Value of Convergence”.