Application Portfolio Management (APM) has been getting the attention of an increasing number of enterprises over the past few years. It's no wonder, considering that enterprises typically spend more than half – and often over 70% – of application budgets on maintenance.
This research note addresses the three key components of APM, including:
- Application inventory.
- Business value assessment.
- Consolidation and retirement.
It is critical for the enterprise to manage its application portfolio. Proper application management can result in reduced maintenance costs and increased value to the business.