target audience: TECH BUYER Publication date: Jul 2024 - Document type: Tech Buyer Presentation - Doc Document number: # US52420224
Business Value Engineering, 2024: Bridging the Gap Between Technology Investments and the Value Delivered
Content
- 11 slides
Get More
When you purchase this document, the purchase price can be applied to the cost of an annual subscription, giving you access to more research for your investment.
Related Links
Abstract
This IDC Tech Buyer Presentation was first presented at Celosphere 2023 and was updated in June 2024. Business value engineering (BVE) is a data- and insights-driven methodology and set of tools for automation and process improvement planning and continuous improvement. The overall objective of BVE is to drive consistent success in process improvement by switching from a technology-first mindset to an outcomes-first approach. Key to BVE is the ability to:
- Accurately identify how tasks, business processes, and customer value streams are inefficient.
- Use statistical analysis and modeling to project financial and business benefits that could be achieved with the improvement.
- Accurately map the technologies needed to achieve the improvement.
- Continuously measure the performance before, during, and after improvements are made.
- Continuously improve by operating proactively via monitoring while rapidly identifying new opportunities for greater efficiency.