acora

Key Ways IT Can Influence Enterprise Valuation

Over the years, the adoption and integration of IT in business has underscored its importance in the modern enterprise. While IT started as a back-office function, it has evolved to become a core operational functionality, much like finance and marketing, which increases efficiency and plays a significant role in maximizing the enterprise value. In fact, IT and companies like Acora are critical to the success of an organisation by ensuring routine operations and change management is handled smoothly.

Rather than just focus on the benefits that IT brings to the table, an organisation can effect IT benefits more strongly in the products and services it offers. Doing this requires developing options that allow customers to choose how they will exploit digital technology. For example, the data storage functionality can provide options that allow customers to choose between various recovery objectives and performance.

IT is essential to the strategy of an organisation looking to establish itself strongly in a globalised market. For such an organisation, effective use of IT can be the difference between strong and mediocre performance. Treating IT like a business means extending business knowledge to the IT staff, thus creating more business-savvy personnel. Doing so positions the IT department as crucial to the achievement of company objectives.

The Need for IT Strategy

Many organisations structure their operations and decisions around a business strategy. The business strategy lays down the overall goals of the company and how to achieve them. Likewise, it is prudent for an organisation to have an IT strategy. The importance of doing so it to ensure that the IT investment made is maximized to best effect and delivers value to the organisation.

Typically, many organisations have an IT department (headed by a senior manager) that is responsible for implementing IT. The complexity of the various technologies used, as well as the costs associated, bring up the need for clear strategy. The key to such strategy is to warrant that IT supports the strategic efforts of the organisation, has support of senior management delivers the functionalities that enable better service delivery.

Lack of a clear IT strategy means that the organisation is unable to gauge whether IT delivers in accordance to the overall objectives. Usually when an organisation is under pressure to deliver is where lack of IT strategy becomes crucial. The worst case scenario, however, is where an organisation does not update the IT strategy to keep up with changing business strategy. The result is wasted resources that would be best used in other areas of the business.

Proactive Risk Management

Changing business environment and increasing dependence on IT means that many businesses have to ensure their technology runs without hitches. Downtime and slow recovery are not expected in the modern organisation, thus bringing up the need for proactive approach in disaster recovery. In the event of disaster, the organisation should be prepared to ensure client-facing functionalities are not affected, something that comes with adequate preparation and investment in the right technology.

Reactive measures that respond after disaster or an event (like an audit) are not effective risk management practices, and typically don’t offer solutions that can help alleviate future issues.

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Acora

Welcome to Acora’s Wordpress page, where you will find news and posts based on the company. Acora is an IT services provider, with expertise in advisory services, IT outsourcing and business applications. It has been operating since 1986, and has grown year on year, now employing around 17560 IT professionals across three sites. This company has achieved three ISO standards, relating to delivering managed services, best practice for an information security management system and quality management systems. It has also achieved a British Standard for business continuity management. Acora’s IT advisory services encompass IT strategy, IT governance and application transformation. IT strategy consultancy involves ascertaining the client’s business objectives and then ensuring that they have the necessary IT functions in place to support their plans. As the rate of change within the IT industry is ever accelerating, Acora recognises that all IT strategies need to be agile and flexible so that they can quickly be updated in line with new developments. The unique Triple-A agile approach has been developed to get results more quickly, so that clients can immediately have confidence that the strategy is paying off. Effort is concentrated on areas which can provide maximum value. In the area of IT governance, Acora helps clients to establish sound IT practices which improve service levels and ensures that its IT assets are used to best advantage. It uses a practical IT governance framework, which leads to effective and sustainable IT governance. Application transformation is the art of transitioning from an old IT application to a new one - Acora provides expert guidance in this, applying its extensive experience to help organisations that wish to renew or replace mission critical business applications. It works with clients so that changes of application become strategic and proactive rather than tactical and reactive. The company also takes its corporate responsibilities seriously, and regularly organises fund raising days to support a diverse range of charities. Good causes which they have supported include Children in Need, Alzheimer’s’ research and the British Heart Foundation. Events arranged for 2015 include a tea party arranged in support of Marie Curie, and a team from Acora is taking on the Three Peaks Challenge.

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