Optimizing IT Investments with Application Portfolio Management
Key Concepts in Application Portfolio Management (APM)
Importance of Application Portfolio Management (APM)
Maximize IT investments with Application Portfolio Management (APM), strategically prioritizing applications for efficiency, security, and innovation alignment.
Application Portfolio Management (APM) goes beyond simply managing a list of applications. It's a strategic approach that helps organizations optimize their application landscape to achieve business goals.
A well-managed application portfolio is a valuable asset for any organization. By implementing effective APM practices, businesses can gain control over their IT landscape, optimize resource allocation, and make informed decisions about their application investments.
Optimization & Planning in APM
Prioritize applications for investment, modernization, or potential retirement based on the assessment findings.
Enhanced Security through APM
Application Portfolio Management (APM) helps prioritize applications based on security risks. By identifying outdated or unsupported applications, organizations can prioritize resources for security updates or plan for application replacements, mitigating potential security breaches.
Business Agility & Innovation
By providing a clear view of the application portfolio's capabilities, APM helps identify existing applications that can be leveraged for new initiatives. This reduces the need for extensive development of entirely new applications, fostering faster innovation cycles.
Dependencies Management
By understanding and managing application integration dependencies, organizations can ensure a smooth flow of data between different systems and achieve optimal performance within their overall application landscape.
Governance, Risk & Compliance
By adopting a holistic approach that integrates governance, risk management, and compliance, businesses can navigate complex environments with greater confidence and achieve sustainable success.
Data Security and Privacy
Data residency and data access are critical aspects of a comprehensive data security strategy. By understanding the location of your data and implementing robust access controls, organizations can ensure data privacy, compliance with regulations, and maintain a secure IT environment.