The portfolio approach to digital transformation: 4 keys to success

Inspired by the world of finance, the idea of managing digital projects as a portfolio of IT investments is gaining acceptance among CIOs as it enables them to place several tech bets at once, allowing some bold, disruptive ideas to propel business growth. Credit: Ground Picture / Shutterstock Corporate projects are classically evaluated on standard matrices such as return on investment (ROI), break-even period, and capital invested. But as organizations look to quickly leverage the power of emerging digital technologies for business growth, such an approach is falling short on expectations. “Digital initiatives are innovative and although it’s fair to have an anticipation of ROI, having an iron-clad approach to specific monetary returns from each IT project won’t let some of the big bold ideas to go through,” says Sushant Rabra, partner at KPMG. Moreover, enterprises are more inclined these days to focus on shorter horizons rather than big-bang initiatives that take years to provide returns, says Sunil Mehta, CIO at business and management consultancy BDO India. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. “Companies today don’t want to have three- or five-year plans. There has been […]

You may also like...