How To Better Manage Your Organization’s Application Or IT Portfolio
Software applications are greatly used by many organizations to ensure that all different services of the company are managed to deliver the functions they ought to.
There was even a time in an organization when software have different approaches, however, have in general the same functions and purpose, thus, making them use and pay redundant service.
Application portfolio management, is the process where all of the software application and software-based services of an organization are used to attain its goals and objectives. IT portfolio management, on the other hand, identifies the best combination of multiple applications and projects for business processes to enable and optimize them, accommodate decision making, provides more visibility to IT projects and many more.
To be able to manage these portfolios, like any other portfolios for business, one has to be familiar and be an expert with the applications being used as these can be detrimental to the progress or do fall of an organization. The challenge became even more intense due to the continuous upgrades of software that makes applied software go obsolete, hence, the need to as well upgrade to meet the demands. And since the management and maintenance of these portfolios are essential to the business, it can be very demanding and tasking.
Software as a service or SaaS is an option that covers a centrally hosted application through the internet. Being able to be accessed over the internet, which is the most used resource today, the use of SaaS will eliminate the typical installation and maintenance of software. Saas is a painless application access as the customer has no software or hardware to purchase, install, maintain or update because it is all put together, you just need connectivity.
The utilization of SaaS is known to be highly adoptive, has lower initial cost for the organization, has painless upgrade and seamless integration because it facilitates remote application hosting and delivery over the internet. It has the same concept as that in a bank, where one system and technology is used by all clients but taking out the worry of unauthorized access to their personal information.
It all the same protects clients privacy as it provides reliable,efficient and secured service. The use of SaaS can guarantee your organization easy customization in a sense that it can make upgrades more often on the software with less customer risk and adoption cost.
Keeping abreast with the ever changing and evolving advancement of all systems, managing your portfolios in a way that is competitive in the market will be of great importance with the use of highly useful innovative systems to bring out the necessary upgrades too.