Organizations increasingly shift from IT SLAs to business KPIs. Most organizations face the watermelon effect, where their IT metrics appear green (positive) from outside, but the business is red (negative) inside due to unsatisfied end customers. Here, tools like HP BSM software can help define, monitor, and manage business SLAs. AIOps tools such as Moogsoft and BigPanda correlate IT metrics to business KPIs and forecast potential issues for proactive interventions. Firms can also use OKRs (shorthand for objectives and key results) to govern on business value outcomes. Here, objectives are the “whats” of the transformation, and key results are the “hows”. In a product-centric operating model, OKRs amplify service management by converting business objectives to key product KPIs. This alignment helps the team focus on outcomes, without losing the flexibility to manage their backlogs and roadmaps.
A large insurance company faced frequent issues with on-time adjudication of claims. Despite meeting IT SLAs, they were penalized for the issues. The company leveraged Infosys' Live Enterprise Application Management Platform to implement a business control center to define, monitor, and manage its business KPIs. The firm correlated metrics such as claims' auto adjudication rate with underlying IT disruptions, which helped them meet KPIs and prioritize and resolve any issues.
Enterprises benefit from processes like ITIL that take a service-centric approach to IT functions, ensuring all lifecycle aspects are addressed systematically. Service management tools like ServiceNow and Remedy currently support corporate functions such as HR, finance, and facilities and support complex processes like supply chain, logistics, and others beyond enterprise boundaries. Enterprise service management extends IT infrastructure library and IT service management into business functions beyond IT. It helps standardize service delivery across the business, a prerequisite for automated fulfillment. Enterprise service management also improves service delivery, and provides omnichannel, self-service, easy-to-access knowledge, and social collaboration for more efficient business operations.
One of the largest privately owned engineering firms collaborated with Infosys to implement enterprise service management. The firm's business and IT functions now operate through a consolidated cloud-based platform based on Infosys' ESM Café built over ServiceNow, making them a fast-moving, ready-for-anything live enterprise.
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