The IVI consortium today announced the launch of the IT-CMF version 1.0.  After more than 60,000 man hours of development and over $10 million in investment, the IT-CMF version 1.0 is now fully operational for companies to assess their IT management maturity, leading to significant savings and efficiencies, the annual European Conference of the Innovation Value Institute (IVI) heard today, at NUI Maynooth, Ireland.

Among the results reported by members employing IT-CMF practices are:

• 8% saving in total operating budget for Technology Innovation (Merck)
• 25% improvement in IT capability, for 10% reduced spend (Intel)
• Significant success with using IT-CMF's 36 process framework to organize and unify the IT function across group (Chevron)
• 96% reduction in set-up working time for new servers (Axa-Tech)

The driving force behind the establishment of IVI was the need to develop a road-map to allow organizations assess and benchmark their IT maturity level and help them make effective decisions regarding IT investment with confidence professionalize the IT industry.

By 2015 IVI expects that over two-thirds of all Fortune 500 companies will be using IT-CMF as the core framework to manage their IT capability. 

Click here to view a short video explaining the IT-CMF

iSite are delighted to be involved in the IVI consortium, an exciting and groundbreaking Irish initative. IVI aims to develop a community of like-minded peers committed to advancing the frameworks, tools and best practices associated with managing IT Value and IT enabled Innovation. The consortium was co-founded by Martin Curley, Intel and Professor John Hughes of NUI Maynooth. It now includes a unique collection of global giants such as Intel, Chevron, Microsoft, SAP, Google and Gartner alongside Irish companies such as Beaumont hospital, ESB and iSite.

Visit the IVI homepage for more information