Software AG this week announced the availability of Portfolios Live, a new cloud-based service the company says provides CIOs with the ability to “manage and transform IT landscapes based on comprehensive and accurate budget, regulatory, legal and technical information.”
The service contains a set of pre-configured offerings for specific tasks that enterprise architects and portfolio managers manage on a day-to-day basis.
"Identifying the cost and strategic business support of your IT assets is a fundamental first step on the road to the Digital Enterprise," said Software AG CTO Wolfram Jost. "Having this service available in the cloud enables organizations to start well informed IT planning at a project level and scale up on demand."
Nucleus Research, a Boston-based research firm that specializes in ROI studies, recently found that most organizations are struggling to have reliable data at hand when it comes to their digital assets.
The study revealed that enterprise IT decision makers have to rely on information that is, on average, 14 months old and is only 55% accurate.
Portfolios Live is part of Software AG Live a cloud-based Platform-as-a-Service (PaaS) suite.