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When businesses make the decision to implement a new technology solution or process, they want to make sure they start seeing the benefits of their investment as soon as possible. This is why application lifecycle management (ALM) is crucial. ALM is a term that describes the processes, tools, services, and organizational models used to manage software from concept to phase out.
ALM enables IT and business managers to more effectively maintain business continuity, accelerate innovation, and reduce risk while keeping the total cost of operations (TCO) low and protecting the company’s IT investment. This all means that companies are better able to realize the benefits of new technology and process investments.
SAP’s ALM approach focuses on helping IT develop best practices for managing each IT process, no matter how complicated the application landscape might be. The goal is to allow them to achieve key performance indicators (KPIs), reach a high return on the investment, and increase the quality of implemented solutions and processes.