Business management technology is a broad field that covers a variety of skills ranging from leadership to project coordination, and problem solving. This field of study is a crucial part of many business activities, from retail and manufacturing to nonprofit and banking. Business managers are accountable for supervising employees and developing strategic plans. They also manage technology resources and create procedures that enhance the overall performance of the organization.
Many tech leaders are turning towards the discipline of Business Management (TBM) to better point of sale align their IT function to business goals and outcomes. In the past, businesses relied on IT to provide efficiency and stability, but today’s business leaders expect more. They would like IT to directly impact their business.
TBM helps meet these demands. It lets the right people to make better decisions as they have an understanding of the components that affect business the technology infrastructure. Teams can determine the best way to prioritize services and track their progress towards goals. It provides a consistent and easy-to-understand definition of cost structures so it’s easy to evaluate the best practices in allocation methods and to benchmark against peers. And it ties the resulting results of metric analysis back to the business impact to ensure that all employees can see the value of IT’s work.
While there are other firms who provide some of the elements that comprise TBM, Deloitte’s unique approach to this market places us in a class of our own. This holistic approach gives our clients an edge in the marketplace: faster decisions, more precise decision-making, and measurable results for their IT investments.