IT as a business is not a shift as required by the Technology. But it is more towards aligning with the Business. It requires major changes in how IT is managed within the existing model as well as entrepreneurial risk-taking.
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This model provides cost efficiency in managing the IT operations and enables the organization to focus on futuristic IT Technologies which can solve major Business challenges faced.
The transformation of an internal IT organization from operating as a reactive, i.e. cost center to partnering with Business, is also believed to produce improved levels of benefits for the Business.