“When planning for IT modernization, it’s important to approach the process systematically to minimize risks and align technology with your organization’s long-term business objectives,” he advises. “Start by evaluating your organization’s current infrastructure, applications, and processes to identify critical pain points, inefficiencies, and opportunities.”
Ganoorkar also recommends setting priorities based on business impact, cost, complexity, and risk. “Ensure that your plan supports one or more of your organization’s key business strategy goals, such as improving agility, reducing costs, boosting security, or enhancing customer experience.”
4. Business agility begins to sag
Many CIOs start thinking about modernizing their IT systems when their enterprise begins losing agility and fails to take advantage of market opportunities simply because their existing systems can’t keep pace with current needs, says Alan Thorogood, research and member engagement for Asia/Pacific at MIT Center for Information Systems Research.
