November 20188 Information Technology is today making its need and presence felt in almost every domain of the industry. New technologies are coming up to make the business processes more efficient and give out-of-the-box solutions to meet the demands of the industry. They are taking Machine-to-Machine (M2M) communications, mobile native applications, security systems and others to the next level. Once these technologies are matured to a certain level, they will help IT in providing business with meaningful value added services. The need of an organization is to visualize a problem considering the users' perception. The relevance of technology implementation and its ability to produce good results need to be contemplated by the senior management and key stake holders in business. Only a well-informed decision can be backed by the required budgetary approvals for any new project from the organization, making businesses realize and own the inherent value in the technology initiative. To overcome these challenges, Heads of IT need to work with business stake holders very closely and involve them from the initial phase of the project definition and technology evaluation to make business understand and own the product value. Recent case studies from various surveys conduct a proof of concept and clearly corroborate the business benefits on the table, making businesses own such initiatives and work for success. The IT leadership also needs to take care of correcting the various wrong notions, fears and assumptions which can hinder the progress towards starting new IT deployment. The role of IT initiative in business is being clearly defined and the Initial Involvement of Stakeholders in Project LifecycleIN MY V EWBY VIPIN KUMAR, CIO, ESCORTS GROUP
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