Technology value optimization (TVO) is the practice of increasing the return on IT investments for your organization. By evaluating the current hybrid IT landscape and understanding connections and contributions to business goals and objectives, technology initiatives can become better aligned with your broader business strategy. TVO enables IT, finance, procurement and cloud teams to gain deep insights into cost saving opportunities and compliance risks. IT leaders achieve rich intelligence about each business service in their complex environments, which in turn accelerates decision making and provides proactive management of technology costs and risk.
Important factors for TVO efforts include:
Alignment with business goals
Accurate and defensible data to deliver insight
Lifecycle and risk management
Stakeholder collaboration
Continuous improvement planning