Digital Landscape: Unraveling the Power of Strategic Portfolio Management

 


Quadrant Knowledge Solutions defines "Strategic Portfolio Management (SPM)" as an emerging technology geared towards harmonizing an organization's IT infrastructure needs with corresponding business objectives. It facilitates digital transformation by overseeing digital products through a customer-centric approach, involving real-time data collection and analysis to prompt timely business decisions. SPM leverages predictive analytics algorithms to ensure alignment from strategy to execution, thus ensuring sustained success in digital transformation endeavors.

SPM solutions have evolved from conventional project planning software to propel digital transformation, aligning enterprise-wide strategy with execution to transition traditional businesses into digital realms. The primary aim of an SPM solution is to cater to an organization's IT infrastructure, resource availability, capacity, and financial requisites for project, program, and portfolio execution, tailored to meet specific business objectives.

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The study aims to address several key questions:

  • What is the current competitive landscape in the SPM market?
  • What is the market share held by major vendors in this domain?
  • What are the primary competitive dynamics in global and regional SPM markets?
  • Who are the leading vendors in both global and regional markets?
  • Are there vendors specializing in particular industries?
  • How do different vendors compare in terms of offerings, distinguishing between cloud-based and on-premise solutions?

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Furthermore, these solutions support Enterprise Architecture (EA) tools, enabling organizational leaders to concentrate on strategic activities aligning specific businesses, applications, and IT requirements with desired business outcomes for the entire organization.

EA manages the inventory of all IT assets irrespective of their location, along with their key characteristics such as technical capabilities, application architecture, databases, value streams, among others.

Vendors covered in this study:

Atlassian, Broadcom, Cora Systems, Digital.ai, EOS Software, Micro Focus, Planview, Planisware, Sciforma, ServiceNow, Shibumi, Smartsheet, Software AG, Sopheon, Uppwise, and UMT 360.

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