CIO Blogs: Sharp Takes for Future Stakes

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Transforming It From Cost Center To Profit Center For Business Growth Featured Image

Rethinking IT: Transforming from a Cost Center to a Profit Center

This article explores the strategic shift from viewing IT as a cost center to recognizing it as a profit center. It discusses the benefits of this transformation, including enhanced business alignment, increased revenue opportunities, improved innovation and agility, better resource utilization, and stronger competitive advantage. The piece provides practical strategies for running IT like a business, fostering a culture of innovation, enhancing customer focus, and developing IT as a revenue generator. Case studies of successful transformations and strategies for overcoming challenges are also included to illustrate the practical benefits and steps of this approach.

Introduction to Risk Management

What does a manager do? S/he manages risk. Every managerial decision is about risk management. The foundation of a business case is risk not value

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