Business management technology is a broad area which encompasses a range of skills ranging from leadership to project coordination, and problem solving. This career field is a crucial part of numerous business operations, from retail and manufacturing to nonprofit and banking. Managers of businesses are accountable to supervise employees and implement strategies. They also manage the technology resources and develop procedures to improve the overall performance.
Many tech leaders are embracing the discipline of Business Management (TBM) in order to better align their IT department with business goals and results. In the past, businesses relied on IT to improve stability and efficiency, however the modern business leader expects more. They want IT to provide value that directly affects their business.
TBM helps meet these demands. It helps the appropriate people to make better decisions because it provides an understanding of the business-facing components of a technology architecture so teams can prioritize services and measure progress toward goals. It offers a consistent, easy-to-understand definition of cost structures to ensure that it is easy to benchmark and compare best practices and compare to peers. Then, it connects the results of metric analysis back to the business impact to ensure that the entire company is aware of the value of IT’s work.
While there are other providers who provide some of the components that comprise TBM, Deloitte’s unique approach to this market puts us in a category of our own. It’s this holistic view that gives our clients a competitive advantage in terms of speedier, more accurate decision-making process and quantifiable success for their IT investments.