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An IT steering committee is concerned that enterprise technologies have grown stagnant and are outdated. Which of the following is the BEST strategy to invest in modern technology?
Correct Answer: C
One of the challenges of IT governance is to balance the competing demands of maintaining the existing IT systems and services (steady state) and investing in new technologies and capabilities (modernization and enhancements) that can support the business objectives and strategies1. A common strategy to invest in modern technology is to create a new investment category for innovation that becomes a new way for tracking investment decisions2. This category can be used to allocate funds for exploring and experimenting with emerging technologies that have the potential to create value for the enterprise, such as artificial intelligence, blockchain, internet of things, mobility, and drones3. By creating a separate category for innovation, the IT steering committee can ensure that the enterprise does not fall behind in adopting new technologies, and that the IT portfolio is aligned with the changing business needs and opportunities4. References := The CFO and IT: Technology investment strategies | Deloitte Insights Global Technology Governance Report 2021 | World Economic Forum What is IT Governance and Why Your Organization Needs It Today How CIOs Can Get IT Governance Right in an Agile World | ICF