Quantify the business value of Information Governance Solutions
In this new age of economic turndown, a key focus for most organizations investing in software to improve business operations is focused on getting the most out of their investments and strategically investing in projects with “business value”. What is this-all-so-important “business value” and how do we quantify it within the context of projects? More importantly how do we reflect the same into the business case meshing the hard benefits with the soft benefits?
To get answers to all this and more, Welcome to the IBM Business Value Assessment Program. The IBM BVA Program engages a team of specialists with industry experience in methodologies used to quantify business value using modeling techniques such as Benefit Analysis and Value Analysis. The benefits are categorized in categories such as Business Operating Efficiency, Business Strategic Advantage and IT Cost Reduction. The Financial Impacts of a BVA focus on areas such as Operating Expenses Reduction, Net Fixed Assets Avoidance and Net Contribution. Benefits depend on organization’s industry, business model and their “current” or “as-is” state as compared to a “future” or “to-be” state. Cost Avoidance is an important element with organizations often struggling to meet regulatory requirements. Often, considerable time and efforts may be expended to pull multiple sources of information together to create a complete picture. The BVA helps capture the cost avoidance aspects for organizations that need to assess the impact of non-compliance and meeting of regulatory requirements.
The BVA team draws its in-depth experiences from multiple industries and functional disciplines. With a worldwide presence in global locations from China to Italy to USA, we identify issues of global interest and develop practical business cases with financial and non-financial impacts based on client requirements. We help organizations identify and quantify benefits that can be achieved using IBM OPTIM solutions.
The BVA blog is dedicated to sharing information related to Business value modeling and associated benefits from the use of IBM OPTIM. On this blog, we will share best practices and provide thought leadership as well as practical insights for Business Executives. Emphasis areas include Data Archiving Financial Impacts; Test Data Management and Data Privacy Risk Analysis as well as Application Decommissioning Financial Impacts.[Read More]
In Today's World, Quantifying business value hard dollar benefits and relating it to applicable business terms is a key driver for most Executive decision making. Here is a a quick snapshot of some of the Business Benefit categories for consideration when calculating these benefits
Business Operating Efficiency is a project benefit used in calculating the benefits of a project or initiative and the ROI. Calculates the impact the project has on the business units and operating expenses. These impacts include helping to increase productivity, reduce the risk of productivity losses, avoid purchases, reduce expenses and reduce overhead. Business Operating Efficiency calculates the project's impact on reducing key corporate operating expense includes including: Cost of Goods Sold (COGS), Sales and Marketing (S&M), General and Administrative (G&A),Research and Development (R&D), Interest Expenses and Depreciation.
Business Strategic Advantage is a project benefit used in calculating the benefits of a project or initiative and the ROI. Calculates the impact the project has on the corporate revenue and sales. These impacts include helping to increase sales productivity, customer acquisition and loyalty, increase sales effectiveness or the launch of a new business. The benefits are reflected as impacts to Revenue on the corporate financials. Thecalculation includes impact on revenue, and a calculation of net margin contribution of the benefit. The net margin contribution of the benefit is what is actually used in the net benefit, TCO and/or ROI calculation.
The basic things that we take for granted are sometimes not so basic .... we are just fortunate, An example is Water !
" I can think of few endeavors more important than making sure people across the globe have ready access to clean water," said Stanley S. Litow, IBM Vice President of Corporate Citizenship & Corporate Affairs, and President of IBM's Foundation. "I would even suggest that it's a basic human right, and a hallmark of sophisticated and compassionate societies everywhere. That's why IBM is so incredibly proud to help scientists harness the resources of World Community Grid to make strides in this vital arena."
In the last 100 years, global water usage has increased at twice the rate of population growth. The United Nations predicts that nearly half the world’s population will experience critical water shortages by the year 2025."**
"Researchers will now seek to identify human protein targets for possible new drug treatments. They will use the World Community Grid to screen up to 13 million compounds found in the zinc.docking.org database against 180 protein structures involved with the parasite. While this may not lead to new drugs immediately, it will greatly augment the study of this disease by scientists around the world.
IBM donated the server hardware, software, technical services and expertise to build the infrastructure for World Community Grid and provides free hosting, maintenance and support." **
Read the full article here http://www-03.ibm.com/press/us/en/pressrelease/32422.wss
The entire IT space is buzzing with conversations around the upcoming Jeopardy show Feb 14-16 where Watson, IBM's natural language processing supercomputer faces humans. Watson beat future rivals, Ken Jennings and Brad Rutter in the practice bout on Jan 14. To read more about this practice round, click here. IBM (IBM, Fortune 500) will donate 100% of Watson's winnings to charity. Interesting practical applications include healthcare sector where Watson could help doctors more accurately diagnose patients. Other business applications include online self-service help desks, tourist information centers, hotlines and much more.
Source: money.cnn.com and ibm.com
Here is a write up on the "10 Things You Need to Know About the Technology Behind Watson" per Craig Rhinehart, Director, ECM Product Strategy at IBM.
The much awaited Jeopardy! television quiz show is about to air in just over a few hours. Airing over three consecutive days spanning February 14 -16, 2011, Watson will play against two of the most well-known and successful Jeopardy! champions - Ken Jennings and Brad Rutter.
Watson represents the latest in a long line of groundbreaking innovations from IBM, a company dedicated to building a Smarter Planet. Watson combines quantum leap advances in deep analytics and system design into a solution with the possibility to transform entire industries.
Watch as Sam Palmisano, Chairman and CEO of IBM, explains how this technology will impact the way humans communicate with computers and what this means for industries like healthcare, finance and customer service. http://www-943.ibm.com/innovation/us/watson/watson-for-a-smarter-planet/smarter-answers-for-a-smarter-planet.html
And ... here is a link to the IBM Watson page with depth and detail that you can use to better understand the technology, impact on future and more on this revolutionary Watson. Go WATSON !!!