How can enterprises enhance their technology operating model to achieve a significant return on investment.

In today's business sphere, nearly 90% recognize the pivotal role of technology integration in achieving organizational goals. A significant two-thirds of global businesses are gearing up to boost their investment in technology and software throughout 2023. Projections indicate that the global software market is poised to surpass the $1 billion mark by 2025.

Undoubtedly, there's an upswing in technology spending. However, a shadow of concern looms over discussions about these investments. The key question echoing is whether digital investments will yield substantial returns in terms of value, cost-effectiveness, and agility. This concern is valid, given the surge in tech investments without commensurate adjustments to the technology operating model – the framework guiding the envisioning, development, management, and maintenance of technology. The consequence has been a cap on maximizing ROI, with limited prospects for outcome optimization.

In today's era of global economic and societal flux, technology stands as a potent tool for navigating uncertainties. However, thriving in this ever-changing digital landscape demands a reassessment of the enterprise architecture operating model. Yet, executing these models poses a considerable challenge in realizing digital transformation. Success in transformation hinges on aligning the operating model design with business strategy. Thus, a well-researched and articulated business strategy is paramount.

To grasp this concept thoroughly, let's explore the essence of operating model technology and its strategic leverage.

Operating Model Technology - Unveiling the Essence

Gartner terms it an information technology operating model - a blueprint guiding an organization's orchestration of IT capabilities to synchronize with strategic objectives. This model ensures enterprise success through the implementation of high-velocity organizational changes, consistent workflow governance, and a talent strategy that is both comprehensive and relevant.

A well-crafted technology operating model enhances the efficacy of decision-making processes, streamlines organizational workflows, and fosters team effectiveness through accountability. The crux lies in ensuring that technology consistently generates value, propelling your organization not just to survive but to grow, thrive, and sustain itself.