IT Value
IT Value (aka Information Technology Value) can be seen as the contribution of information technology to a business’s operations, profits, and success. Businesses rely on IT to improve efficiency, reduce costs and increase revenue. To maximize the benefits of IT for businesses, it must be optimized and integrated with other departments, and innovative solutions should be developed. IT is particularly valuable for its ability to automate certain business processes, increasing their effectiveness. The Partial Adjustment Valuation (PAV) model can help determine the exact value of IT investments by estimating their impact on different aspects of the business.
IT Value is found in qualifying the organization to participate in information-rich, transactional environments and -to the extent that performance depends on excellence in managing information - elevating this performance above peers.