In an environment where every euro counts, the strategic use of information technology (IT) can enable the transformation to a 21st Century company by maximizing the value of assets and programs through continued oversight and accountability. Using evidence-based reviews of company IT portfolios, CIOs are assessing the maturity of their IT portfolio management processes, eliminating duplicative commodity IT investments, adopting IT shared services where they make sense, and managing IT as a strategic investment to improve enterprise delivery. Taking an enterprise-wide portfolio view also accelerates enterprise’ efforts in moving to cloud computing platforms and optimizing the use of data centers.