Shaping IT Capabilities to the Business Strategy - Capitalizing on Emerging Technologies and Trends

Ivan Ivanov

Abstract

IT progressively has evolved providing greater opportunities to optimizing business processes and to enabling new business models and services. The fast pace of IT advancement drives considerable prospects for business improvement and growth. The strategic alignment of IT capabilities to organizational business strategy, as content and processes, ensures further IT governance to seize opportunities for improvements and to maximize revenue. Utilizing a well deliberated framework -Operating model, Enterprise architecture, and IT engagement model- the paper explores the impact of emerging technologies on the alignment process. Currently, companies across the globe are going through a very disruptive technology development: Consumerization of IT - when new technologies emerge first in the consumer market and then, after mass acceptance, are employed largely by business organizations. Consumerization of IT, along with workforce mobility, reliable, accessible and affordable remote computing, are forcefully reshaping the corporate IT lanscape, affecting the relationship between enterprise IT, knowledge workers, corporate users, and consumers. This paper confers the impact of these trends on the IT domain and specifically emphasizes on the dynamic forces interlinking IT capabilities with the business agility, growth and asset utilization.

References

  1. Columbus, L., 2014. How Enterprises are Capitalizing on the Consumerization of IT Forbes sites. Retrieved on April 24, 2015 from: http://www.forbes.com/sites/louiscolumbus/2014/03/2 4/how-enterprises-are-capitalizing-on-theconsumerization-of-it/
  2. EO of the President of the US, 2012. The Common Approach to Federal Enterprise Architecture. Retrieved on May 1, 2015 from: https://www.whitehouse.gov/sites/default/files/omb/as sets/egov_docs/common_approach_to_federal_ea.pdf
  3. Forrester Consulting, 2013 Exploring Business and IT Friction: Myths and Realities, Cambridge, MA, USA
  4. Gartner Executive Programs, 2014. Executive Summary: The 2015 CIO Agenda, Gartner Inc., Stamford, CT, USA. Retrieved on May 2, 2015 from: http://www.gartner.com/imagesrv/cio/pdf/cio_agenda_ execsum2015.pdf
  5. Gartner Executive Programs, 2015. Flipping to Digital Leadership, Gartner Inc., Stamford, CT, USA. Retrieved on May 3, 2015 from: http://www.gartner.com/imagesrv/cio/pdf/cio_agenda_ insights2015.pdf
  6. Heffner, R., 2010. Updated 2010: The Pillars of Enterprise Architecture Terminology, Report for EA Professionals, Forrester Research, Cambridge, MA, USA
  7. High, P., 2014. Implementing World Class IT Strategy Jossey-Bass A Wiley Brand, One Montgomery Str., San Francisco, CA 94104, USA
  8. Laudon, K., Laudon, J., 2014. Management Information Systems: Managing the Digital Firm. Pearson Education, Inc., Upper Saddle River, NJ 07458, U.S.A.
  9. McGee, K., 2011. The 2011 Gartner Scenario: Current States and Future Directions of the IT Industry. Gartner, Inc., ID Number G00209949, Stamford, Conn. USA
  10. McKeen, J., Smith, H., and Singh, S., 2005. A Framework for Enhancing IT Capabilities Communications of the Association for Information Systems 15, article 36
  11. Neilson, G., Martin, K., and Powers, E., 2010. The Secrets to Successul Strategy Implementation, HBR's 10 Must Reads On Strategy, Harvard Business School Publishing, Boston, MA 02163, USA
  12. Nugent, M., 2004. The Four Phases of IT/Business Alignment, CIO Update. Retrieved on April 15, 2015: http://www.cioupdate.com/insights/article.php/344659 1/The-Four-Phases-of-ITBusiness-Alignment.htm
  13. Picolli, G., 2012. Information Systems for Managers: Text and Cases. John Wiley and Sons, Inc., Hoboken, NJ 07030, U.S.A.
  14. Porter, M., 2008. On Competition Harvard Business School Publishing, Boston, MA 02163, USA
  15. Ross, J. and Beath, C., 2011. Maturity Still Matters: Why a Digitized Platform is Essential to Business Success. CISR, Sloan School of Management, MIT, MA, USA, Research Briefing, Volume XI, Number II
  16. Ross, J., Beath, C., and Quaadgras, A., 2011. The IT Unit of the Future: Creating Strategic Value from IT, CISR, Sloan School of Management, MIT, MA, USA, Research Briefing, Volume XI, Number X
  17. Swayne, L., Duncan, W., and Ginter, P., 2006. Strategic Management of Health Care Organizations. Blackwell Publishing Ltd,: Malden, MA, USA
  18. Weill, P. and Ross, J., 2009. IT Savvy: What Top Executives Must Know to Go from Pain to Gain HBS Publishing, Boston, MA 02163, USA
Download


Paper Citation


in Harvard Style

Ivanov I. (2015). Shaping IT Capabilities to the Business Strategy - Capitalizing on Emerging Technologies and Trends . In Proceedings of the Fifth International Symposium on Business Modeling and Software Design - Volume 1: BMSD, ISBN 978-989-758-111-3, pages 117-128. DOI: 10.5220/0005886101170128


in Bibtex Style

@conference{bmsd15,
author={Ivan Ivanov},
title={Shaping IT Capabilities to the Business Strategy - Capitalizing on Emerging Technologies and Trends},
booktitle={Proceedings of the Fifth International Symposium on Business Modeling and Software Design - Volume 1: BMSD,},
year={2015},
pages={117-128},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0005886101170128},
isbn={978-989-758-111-3},
}


in EndNote Style

TY - CONF
JO - Proceedings of the Fifth International Symposium on Business Modeling and Software Design - Volume 1: BMSD,
TI - Shaping IT Capabilities to the Business Strategy - Capitalizing on Emerging Technologies and Trends
SN - 978-989-758-111-3
AU - Ivanov I.
PY - 2015
SP - 117
EP - 128
DO - 10.5220/0005886101170128