|By Business Wire||
|May 12, 2014 10:01 AM EDT||
MEGA, a leader in enterprise governance software solutions for the Global 2000, today introduced a new offering for comprehensive IT portfolio management.
HOPEX IT Portfolio Management (ITPM) extends far beyond the traditional practice of application portfolio management, which looks only at software applications. The HOPEX solution helps a company evaluate each of its technology components in the context of how each supports the organization’s strategic goals, business activities and connections with customers.
“Companies can use this solution to identify and understand the links between business priorities and IT assets, and the dependencies between them, so they can determine the potential effects of change before the change is made,” explained Lucio de Risi, CEO, MEGA. “It is essential for executives to have a rich source of information so they can make well-informed decisions about the business value of technology investments.”
IT portfolio evaluation is based on assessing the business needs of the company alongside the lifecycles and economics of each of the IT system’s technology components. This comprehensive inventory and analysis provides enterprises with the information necessary for them to determine when to acquire, expand, or retire various IT assets.
HOPEX IT Portfolio Management is one of several new solutions built upon the company’s HOPEX platform. HOPEX powers MEGA’s broad range of integrated software solutions that help organizations meet complex, interconnected needs and achieve effective enterprise governance. These solutions help a company plan and manage transformation programs, as well as rationalize and optimize its technology portfolio to reduce costs.
With the new MEGA solution, companies gain a structured method to move through three critical phases of portfolio management: inventory, evaluation, and transformation:
1. Collect application data, identify the risks associated with each technology asset and aggregate information on the multiple components.
2. Evaluate the collected data using assessment criteria, assess functional coverage and alignment with business needs and determine the life cycle for each component.
3. Transform the IT portfolio into one that meets the company’s current and future needs.
By continuously managing an IT portfolio, a company will be able to reduce IT costs and insure that business needs are met on a timely basis. CTOs can assess technology compliance, supervise and control technology vendors that provide IT solutions and rationalize technology use within the organization. Dashboards and global reports, such as the top 10 most expensive, the most risky applications and total cost of ownership (TCO) helps financial controllers manage technology costs and risks, while portfolio managers can analyze TCO by business line, by business capability, or other criteria. A report center gathers all vital reports to speed up decision making.
MEGA has been helping organizations manage enterprise complexity and business transformation for more than 20 years. Customers include Aetna, Banque Accord, HCL, Johnson & Johnson, Nissan, Procter & Gamble, Starwood Hotels, Swiss Federal Railways, UniCredit Group and Walgreens.
The company has been cited in numerous analyst reports on enterprise governance, including EA and GRC topics. Gartner Inc. has named MEGA as a leader in its EA Magic Quadrant reports for five consecutive years and the company has been noted in research by Forrester Research, Inc.
HOPEX IT Portfolio Management is available now.
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
Apr. 29, 2016 02:00 PM EDT Reads: 802
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Apr. 29, 2016 02:00 PM EDT Reads: 952
The paradigm has shifted. A Gartner survey shows that 43% of organizations are using or plan to implement the Internet of Things in 2016. However, not just a handful of companies are still using the old-style ad-hoc trial-and-error ways, unaware of the critical barriers, paint points, traps, and hidden roadblocks. How can you become a winner? In his session at @ThingsExpo, Tony Shan will present a methodical approach to guide the holistic adoption and enablement of IoT implementations. This ov...
Apr. 29, 2016 02:00 PM EDT Reads: 1,517
Apr. 29, 2016 01:45 PM EDT Reads: 1,033
Apr. 29, 2016 01:30 PM EDT Reads: 787
Apr. 29, 2016 01:30 PM EDT Reads: 756
Apr. 29, 2016 01:30 PM EDT Reads: 442
Apr. 29, 2016 01:00 PM EDT Reads: 1,471
Apr. 29, 2016 01:00 PM EDT Reads: 714
Apr. 29, 2016 12:30 PM EDT Reads: 1,621
Apr. 29, 2016 11:45 AM EDT Reads: 2,201
Apr. 29, 2016 11:30 AM EDT Reads: 455
Apr. 29, 2016 11:15 AM EDT Reads: 1,405
Apr. 29, 2016 10:30 AM EDT Reads: 407
Apr. 29, 2016 10:00 AM EDT Reads: 1,101