When business uncertainties are frequent and compliance with regulations is mandatory, it can be a challenge to keep information technology (IT) synchronized with strategy for maximum business value—while reducing IT cost. An IT portfolio management framework, coupled with an IT governance framework, can provide visibility into projects and IT assets, keeping them aligned to business objectives at all times.
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Chief information officers keen to introduce service-oriented architecture (SOA) into their organization must deal with the many legacy applications that are potential roadblocks. To move to an SOA-enabled future, organizations have to service legacy applications, and evaluate which legacy application would give the best return on investment if modernized. The solution may be a process-oriented approach to legacy system transformation.
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Today, more has to be done with less, and IT infrastructures require flexibility to deliver differential value. Upgrades, customizations, and back-end integration fail to suffice; companies need the ability to build applications on an as-needed basis. Composite applications fulfill this objective by helping organizations leverage existing enterprise applications, drive down the cost of change, and increase the pace of innovation.
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Changing business scenarios, collapsing traditional barriers, and globalization are creating new challenges. Furthermore, mergers, acquisitions, and changes mandated by regulatory compliance are driving business change. The current competitive environment demands collaboration in real time, and organizations need a service-oriented architecture (SOA) that adjusts business processes and applications according to market requirements. Standards and best practices for adoption are crucial for a functional SOA.
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Global manufacturers want an integrated view of the shop floor. In response, manufacturing execution systems (MES) have emerged as a powerful tool for integrating plant-floor data with information provided by applications, such as enterprise resource planning (ERP) and customer relationship management (CRM). MES can connect the world, and it has an exciting future when combined with promising technologies such as business process management (BPM) and service oriented architecture (SOA).
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The benefits from enterprise resource planning (ERP) systems have been well documented. However, its return on investment (ROI) is rarely satisfactory. The failure of an ERP package can be disastrous, but by understanding how to deliver a positive ROI, and by following a business process and business technology optimization strategy, companies can reduce the total cost of ERP system ownership.
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