Gartner has caused quite a stir this time. At the Gartner Symposium event in Orlando they announced that companies are burdened by $500 billion of “IT debt”. This debt represents the accumulated backlog of development activities that haven’t been accomplished in the past 10 years. Increased business pressure and declining IT resources have combined to make it nearly impossible for IT to keep up with the pace of market changes.
That means that new market opportunities can’t be addressed, government regulation can’t be quickly complied with, and companies quickly lose their competitive edge. What’s worse is that it’s not getting better. Demands on IT are snowballing and the cost cutting that has taken place has meant even less capacity. That’s why Gartner piled it on by saying that the backlog will double to $1 trillion by 2015.
To get back in line with what the business demands, IT has to tackle this debt. But it won’t be done by adding new resources; the current economic climate just doesn’t permit it. So, what do industry leaders do? In this series of blog entries Micro Focus looks at each of the ten best practices for freeing up resources to focus on business priorities.
The Top Ten are:
1) Top-down application portfolio evaluation: There are quick wins to be had
2) Senior sponsorship is essential: This is not an IT issue
3) Identify your unique intellectual property: The truth is in there!
4) Move to the right platform for your business… not IT
5) Preserve and extend the competitive differentiation in your core applications
6) Modernize your tooling: Maximize productivity… and relevance
7) Build Quality Throughout the Lifecycle: It’s not just about testing
8) Collaborate! Stakeholder involvement is critical
9) Manage your changes: It’s not just about source code
10) An application is for life… Not just for development
We’ll be investigating each of these important best practices in turn, starting with the quick wins to be had from top-down application portfolio evaluation. Be sure to revisit the blog for more details.