The management of technology is a crucial element of running a company. It involves organizing, planning, and directing and controlling various processes to meet organizational goals. The job requires leadership efficient communication and strategic decision-making. Professionals in business management technology use their expertise to supervise every aspect of an organization from finance and operations, to marketing and human resources.
Many technology executives are looking for new tools to help them to execute their IT goals and improve the performance of their technology function. Technology business management (TBM) is an application that is growing popularity. TBM is a framework that optimizes IT to help companies turbotaxsmallbusiness.com achieve their goals, but is not a solution. Its ten components give leaders complete visibility into their technology investment regardless of their delivery model or tech stack.
TBM improves visibility and aligns the technology team with the objectives of the business. It helps respond more quickly to threats and changes on the market. It also helps leaders plan for governance and day-to-day operations. JP Morgan Chase, for instance, has utilized TBM to align the IT department with its primary goals and strategies.
TBM lets IT executives to better manage costs and provide value to their business. Through the process of collaborating on budgets, TBM enables IT leaders to assign resources based on the real-world business impact and desired outcomes. It can help reduce costs without compromising the quality of service. This approach transforms IT from a cost-center into a profit enabler.
