Taking Value Creation to a World-Class Level
The ultimate goal of any business is to generate value. When an organization realizes this goal, it typically takes performance and sales to a higher level. But the definition of value—and the way organizations arrive at it—is changing in the digital age. A recent IT research report from the Hackett Group, "IT in the Era of Business Technology Convergence," offers insights into the evolving nature of information technology and how volatility and uncertainty about business conditions affect the way business and IT leaders think—and how they approach important tasks and responsibilities. "The traditional way that IT creates value is changing," stated Mark Peacock, the IT Transformation Practice leader at the Hackett Group. "In the past, business strategy and operational plans translated into the need for technology capabilities. Today, technology innovation has become a primary driver of business innovation and value creation." Here's a look at some of the key findings from the research and what enterprise leaders can do to boost value for their organization.