Business Technology Management
>> Sunday, October 4, 2009
Definition:
Business Technology Management (BTM) is a management science which aims to unify business and technology business strategies with the aim of extracting the full potential value of business technology solutions.
There has long been a belief in business that increasing investment in technology will automatically result in benefits for the enterprise. However, experience has shown that existing and new technology must be implemented wisely and efficiently if the enterprise is to see any benefit.
Unfortunately, this deeply ingrained belief has proven difficult to dispel, leading to many costly errors when management and technology strategies are out of alignment. The science of business technology management attempts to synchronise strategies between upper level management, project teams and the technologies they utilise in an effort to further the business objectives of the enterprise.
There has long been a belief in business that increasing investment in technology will automatically result in benefits for the enterprise. However, experience has shown that existing and new technology must be implemented wisely and efficiently if the enterprise is to see any benefit.
Unfortunately, this deeply ingrained belief has proven difficult to dispel, leading to many costly errors when management and technology strategies are out of alignment. The science of business technology management attempts to synchronise strategies between upper level management, project teams and the technologies they utilise in an effort to further the business objectives of the enterprise.
The precepts of business technology management have been developed and refined by BTM experts working with such think tanks as the BTM institute and the International Institute of Business Technologies (IIBT).
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