ISQS 2340 TTU Exam 1 - Benjamin Mitchell
Key Areas for IT Alignment with Business Needs
1. Ensuring Security and Compliance: ️
Companies rely on secure and dependable access to data for operations.
2. Increasing Efficiency and Productivity: ️
IT optimizes systems, streamlines work...
Companies rely on secure and dependable access to data for operations.
2. Increasing Efficiency and Productivity: ✔️
IT optimizes systems, streamlines workflows, and simplifies tasks.
3. Gaining Competitive Advantage: ✔️
IT must collaborate with business to leverage emerging technology.
---
Business Value Includes:
1. Increase Revenue: ✔️
IT can help drive revenue growth through innovation.
2. Decrease Cost: ✔️
IT aids all departments in reducing costs or improving productivity.
3. Improve Productivity: ✔️
IT facilitates productivity through digital solutions (e.g., eliminating paper, implementing video
conferencing).
4. Differentiate the Company: ✔️
Technology can set a company apart from its competition, enhancing competitiveness.
, 5. Improve Client Satisfaction: ✔️
Retaining existing clients is more profitable than acquiring new ones, making client satisfaction crucial.
---
Understanding the Bottom Line
- It's fundamentally about the business rather than just technology. ✔️
---
Recommendations for IT Projects
- Does the Recommendation Provide Business Value? ✔️
Aligning IT projects with business value helps IT be seen as a partner rather than just technical
managers.
---
Reasons for IT Project Failures
- IT projects often fail not due to technology issues but because organizational and employee change
management is ineffective. ✔️
---
Investments in Digital
- Investments in digital should be viewed as investments in change, which help generate insights within
the organization. ✔️
---
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller CertifiedGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
