By 2025, 70% of digital investments will fail to deliver the expected business outcomes due to the absence of a strategic portfolio management (SPM) approach.
Gartner CIO research cites that four of five CEOs are increasing digital technology investments to counter current economic pressures, including inflation, scarce talent and supply constraints.
While enterprises have undertaken a wide range of digital initiatives over the past two years, the targeted outcomes from these investments are not meeting enterprise needs quickly enough. Enterprises need to have mechanisms in place that will enhance their ability to adapt their strategies and deliver business outcomes to be both competitive and relevant in today’s environment.
They must apply laser focus in driving speed to value, even in the midst of tumult. The application of effective strategic portfolio management capabilities provides those abilities.
Planview was named a Leader in the Gartner® Magic Quadrant™ for Strategic Portfolio Management, 2023. Download the report to learn about SPM technologies supporting the progression of digital pursuits, amid a dynamic business environment.