The management of technology is a crucial component of running a business. It involves planning, organizing and controlling various tasks to meet organizational goals. The job requires leadership, effective communication and strategic decision-making. The people who work in business management technology apply their skills to manage all aspects of an organization including operations and finance to marketing and human resources.
Many technology leaders are searching for new tools that can help them to fulfill their IT strategies and maximize the efficiency of their tech function. Technology business management (TBM) is an application that is growing popularity. TBM is an organizational framework that optimizes IT to help companies achieve their goals, not a solution. Its ten elements give leaders full visibility into their investments in technology regardless of their tech stack or delivery model.
TBM improves visibility and alignment of the technology team with the goals of the broader company. It allows the company to react quickly to threats and changes in the market. It helps leaders plan daily operations and governance. JP Morgan Chase, for instance, has used TBM to align its IT department with its primary goals and its strategy.
TBM lets IT executives to better manage costs and provide value to their company. TBM allows IT leaders to allocate their resources based on the real-world impact of business and desired outcomes. This allows them to reduce costs without compromising the basic quality of service. This approach moves IT from an expense center to an enabler of profits.
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