Discover how Intel's Business Value Index (BVI) methodology provides a framework for assessing the potential business value and financial attractiveness of IT investments.
This article discusses the limitations of traditional financial and accounting measures in capturing the business value of IT investments. To overcome this challenge, Intel has developed the Business Value Index (BVI) methodology, which provides a common language and framework for assessing the potential business value, impact on IT efficiency, and financial attractiveness of IT investments. The article defines, describes, discusses the role and purpose of, and explores the benefits of the BVI methodology and how it can help IT leaders make better decisions about their IT investments. By using BVI, organizations can prioritize their IT investments based on their potential business value and communicate the benefits of these investments to business stakeholders. Overall, the article emphasizes the importance of a strategic approach to IT investment and the role of BVI in achieving this goal.
As companies continue to invest heavily in information technology (IT), it becomes crucial to ensure that these investments are aligned with business objectives and generate measurable benefits. However, traditional financial and accounting measures fail to capture the full business value of IT investments.
This creates a challenge for IT leaders who struggle to prioritize their investments and demonstrate the value of these investments to business stakeholders. As a result, they need a new approach that can accurately assess the potential business value of IT investments.
Intel's Business Value Index (BVI) methodology solves this challenge. BVI provides a common language and framework for assessing the potential business value, impact on IT efficiency, and financial attractiveness of IT investments. This approach enables IT leaders to prioritize their investments based on their potential business value and communicate the benefits of these investments to business stakeholders.
By using the BVI methodology, companies can make more informed decisions about their IT investments and demonstrate the value of these investments to business stakeholders. This article explains the benefits of the BVI methodology and how it can help IT leaders make better decisions about their IT investments.