A well-organized application portfolio serves as a catalyst for organizational transformation and innovation, providing a distinct advantage over competitors. Simplifying the application landscape not only cuts costs and resource needs in IT but also opens up space for innovation. By reducing complexity and associated risks, the transformation of your company can begin with just a few straightforward steps, yielding initial results with minimal effort.
The advantages of application portfolio management include ensuring that applications are in line with business objectives, cost-efficient, and low-risk. In a rapidly evolving business landscape, effective portfolio management involves ongoing evaluation, prioritization, and streamlining, all conducted in coordination with relevant stakeholders. Effective application portfolio management yields:
🗸 Cost Reduction: Through consolidation, expenses associated with application management are minimized.
🗸 Enhanced Agility: A leaner portfolio enables greater flexibility and adaptability to changing business needs.
🗸 Decreased IT Risk: By reducing the number of components, the overall risk to IT operations is mitigated.
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