IT modernization does not imply spending money on technology upgrades purely for the sake of staying current with vendors’ timetables of their scheduled new releases. Nor does rationalization mean simply shedding obsolete or little-used technology. From a practical and business perspective, modernization and rationalization enable IT to deliver innovative digital transformation products and competitive IT services at optimum cost.
This document guides Business and IT executives as they develop an IT modernization and rationalization plan and considers four key areas IT management controls:
- Financial considerations
- Digital funding needs
- Contract review and rationalization
- Product life-cycle analysis
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