'Institute of Electrical and Electronics Engineers (IEEE)'
Doi
Abstract
The change in economic scenario and emergence of new technologies, it has become important to put new perspective on IT investment beyond Net Present Value and productivity paradox. With changing regulation and new interconnected world over internet, corporate Governance, Business Plan & Strategy and it’s alignment with IT investments has been a growing subject of discussion across globe. Cloud computing infrastructure with ITIL processes provides systematic guidelines to manage business, however, to make business and its processes deliver value, IT investment demands investment in more than technology and its components. IT investment available to build organization capability are directly linked with corporate strategy, business risk management, information economics, new business enabler, productivity tool and control systems. With need of new products and service development, innovation forms the center stage of IT investment planning, giving way to new IT investment assessment areas. With constant need to develop competitive advantage, adjust with competition in business environment and integrate with global economy, at the same time adhere to regulatory guidelines, the complexities involved in corporate governance and IT investments are increasing. Considering this situation, this paper provides the new perspective to assess IT investments and make IT investment decision. This paper also provides new perspectives and approaches for IT investment portfolio management
