Unlocking Business Value From Your IT Resources: 3 Proven Strategies

In the fast-paced modern business world, staying competitive and efficient requires leveraging your IT resources to their fullest potential. This article will explore three proven strategies that can help you unlock business value from your existing IT resources. Learn how to use technology as a tool to improve your bottom line and compete in the marketplace!

Introduction

The organizations that are most successful in today’s economy are the ones that have figured out how to unlock the value of their IT resources. In order to keep up with the competition, it is essential to have a clear understanding of how to utilize your IT resources in order to achieve business objectives.

There are many different ways to go about this, but not all strategies are created equal. The following proven strategies will help you get the most out of your IT resources and enable you to stay ahead of the curve.

1. Define Your Objectives

The first step in unlocking the value of your IT resources is to define what you want to accomplish. Without a clear understanding of your objectives, it will be difficult to measure success or make necessary adjustments along the way.

2. Make a Plan

Once you know what you want to achieve, you need to develop a plan for how you’re going to get there. This plan should take into account all of the different factors that will impact your ability to achieve your objectives.

3. Implement and Monitor Your Progress

After developing your plan, it’s time to put it into action. But simply implementing a plan is not enough – you also need to monitor your progress and make sure that you’re on track to hit your targets. Regular check-ins will help ensure that any issues are identified and addressed in a timely manner.

4. Adjust as Necessary

The business world is always changing, and what works today may not work tomorrow. As such, it’s important to regularly assess your strategy and make adjustments as necessary. This could involve shifting resources to different areas, changing the implementation of a certain process, or introducing new technologies.

By taking the time to develop a clear plan and adjust it as needed, you can ensure that you’re getting the most out of your IT resources and unlocking their full potential. With these strategies in place, you’ll be well-positioned to stay ahead of the competition.

Strategy 1: Utilizing Automation and Streamlining Processes

As your business grows, so does the complexity of your IT infrastructure. To ensure that your IT resources are being used efficiently and effectively, it's important to put in place strategies that will automate processes and streamline workflows.

One way to do this is by utilizing automation tools to help with tasks such as provisioning new servers or deploying software updates. This can free up valuable time for your IT staff so they can focus on more strategic projects.

Another strategy is to streamline processes by standardizing how tasks are completed. This can include documenting procedures so that everyone is following the same steps and using the same tools. By doing this, you can avoid costly mistakes and ensure that work is getting done in the most efficient way possible.

Implementing these types of strategies can help you get the most out of your IT resources and unlock new levels of business value.

In order to unlock value from your IT resources, you need to have a clear understanding of what they are and how they can be best utilized. One way to do this is by utilizing automation and streamlining processes. This will help you to optimize your resources and get the most out of them.

There are a number of different ways that you can automate your processes. One way we do at Kyndryl is bringing by leveraging an automation framework built around Ansible. These tools can automate tasks for you based on certain triggers that you set up. For example, you could set up a recipe that would automatically post a message to your Teams or Slack channel whenever a new ticket is created in your support system.

Another way to automate your processes is through the use of scripts or bots. You can create scripts that perform certain tasks for you on a regular basis. For example, you could create a script that automatically checks for new software updates and then installs them on all of your servers. Or, you could create a bot that monitors your website traffic and sends you alerts when it detects spikes in traffic.

The key to unlocking value from your IT resources is to find ways to automate as many tasks as possible. By doing this, you will free up time that can be better spent on other tasks, such as developing new features or improving customer support.

Kyndryl has built over 5000 re-usable automation that gets our clients a fast start to squeeze out efficiency quickly.

Strategy 2: Capitalizing on Cloud Computing Solutions

The cloud has unlocked a world of possibilities for businesses of all sizes. By capitalizing on cloud computing solutions, businesses can achieve greater agility, scalability, and cost savings.

There are a number of ways to capitalize on cloud computing solutions. One way is to use the cloud to power your business applications. This can give you the ability to scale up or down as needed, without incurring the high costs of traditional infrastructure.

Another way to capitalize on the cloud is to use it for storage and backup. With cloud storage, you can offload your data onto a remote server, freeing up valuable space on your local servers. And if you need to restore data, the cloud makes it easy to do so quickly and efficiently.

Finally, you can also use the cloud to extend your existing IT resources. By using a platform like Azure or AWS, you can provision new resources on demand, without having to invest in new hardware or software upfront. This can help you save money and be more agile in how you respond to changing needs within your business.

By capitalizing on cloud computing solutions, businesses can unlock a world of new possibilities. These solutions offer greater agility, scalability, and cost savings – making them essential for any business looking to stay ahead of the competition.

The cloud can be a game-changer for businesses of all sizes. By leveraging cloud computing solutions, businesses can achieve greater agility, scalability, and cost savings.

Here are some ways that your business can capitalize on cloud computing solutions:

1. Implement a hybrid cloud solution.

A hybrid cloud solution can give your business the best of both worlds – the flexibility and scalability of the public cloud, with the security and control of the private cloud. This can help you to avoid vendor lock-in, and increase your overall agility. Remember, everything on cloud may not be most optimal on cost for you.

2. Use cloud storage solutions.

Cloud storage solutions can help you to free up on-premises storage capacity, and improve your data security and disaster recovery capabilities. They can also be used to create an off-site backup of your critical data. Cyber recovery is a great use-case here.

3. Utilize cloud-based applications.

There are a growing number of software applications that are available “as a service” in the cloud. These can be used to supplement or replace on-premises applications, and can offer pay-as-you-go pricing models that can save you money over traditional licensed software products.

Note cloud is not an answer to all questions. I have seen companies disillusioned and doing a reverse migration from the hyper-scalars after they moved in a hurry without looking at the implication. Kyndryl is a vendor agnostic consulting services provider with the ability to advice the client with right placement of workloads.

Strategy 3: Leveraging Data Analytics and Reporting Tools

Leveraging data analytics and reporting tools can be a powerful way to unlock business value from your IT resources. By understanding how your business uses information, you can make better decisions about where to invest in new technologies and how to optimize existing systems.

Data analytics can help you identify trends and patterns in your data that can be used to improve decision-making. For example, you might use data analytics to understand how customers interact with your website or what types of products are most popular. By understanding these patterns, you can make changes to improve the customer experience or target marketing efforts more effectively.

Reporting tools can also be used to track progress against goals and objectives. For example, you might use a reporting tool to track the number of new leads generated each month or the number of sales made each quarter. By tracking these metrics, you can ensure that your team is on track to meet its targets.

When used together, data analytics and reporting tools can give you a comprehensive view of your business and help you make informed decisions about where to invest your resources.

The third strategy for unlocking business value from your IT resources is to leverage data analytics and reporting tools. By harnessing the power of data, you can gain insights that will help you make better decisions about how to allocate your resources.

There are a number of data analytics and reporting tools available, ranging from simple spreadsheet-based solutions to more sophisticated enterprise-level platforms. No matter what level of complexity you need, there is a tool out there that can help you get the job done.

Some of the benefits of using data analytics and reporting tools include:

? Improved decision making: Data-driven decision making is always going to be more effective than relying on gut instinct alone.

? Greater insight into business operations: By understanding where your bottlenecks are and where inefficiencies exist, you can make changes that will boost productivity and save money.

?Enhanced customer service: With access to detailed data about customer behavior, you can tailor your service offerings to meet their needs more effectively.

? Increased competitiveness: Being able to make decisions based on data rather than guesswork gives you a significant advantage over your competitors.

The Kyndryl Data and AI practice is focussing on specific industry pain points in this space. Be it the IT data or business data, insights is key to make the most of your investment.

Conclusion

There are a wealth of benefits to unlocking business value from your IT resources, and these three proven strategies can help you get the most for your money. By utilizing cloud solutions, investing in automation technologies, and creating an effective change management process, you can unlock hidden potential within your IT infrastructure and create new opportunities for innovation. With the right approach, you can ensure that every dollar invested in technology is returned with significant returns on investment. Happy to talk more if you would like any time. Reach out on linkedin.