The best way for IT to prepare for a transformation initiative by leveraging emerging technology that will have a significant impact on existing products and services is to assess the impact on the existing IT strategy. An IT strategy is a plan that defines how IT will support the business strategy and objectives, and how IT will deliver value to the enterprise1. By assessing the impact of the emerging technology on the existing IT strategy, IT can determine whether the current IT vision, mission, goals, and capabilities are aligned with the transformation initiative, and whether they need to be revised or updated2. Assessing the impact of the emerging technology on the existing IT strategy also helps IT to identify and prioritize the opportunities, challenges, and risks that the emerging technology may bring, and to develop appropriate solutions and responses3. Assessing the impact of the emerging technology on the existing IT strategy also helps IT to communicate and collaborate with the business stakeholders, and to ensure that the IT investments are aligned with the business needs and expectations4.
References := IT Strategy: What is it?, How to create an effective IT strategy in 2022, Emerging Technology Strategy: A Guide for CIOs, Maximizing Emerging Technology Adoption Benefits - Gartner

The success of an enterprise's IT governance framework is ultimately measured by the extent to which it enables the achievement of enterprise goals and objectives. One of the key aspects of IT governance is ensuring that IT investments are aligned with business needs and deliver value to the enterprise. Therefore, a high percentage of IT investments delivering expected benefits indicates that the IT governance framework is effective and successful. References := CGEIT Review Manual (Digital Version), Chapter 1: Framework for the Governance of Enterprise IT, Section 1.1: Introduction to GEIT, Subsection 1.1.2: Benefits of GEIT, Page 9 CGEIT Review Manual (Print Version), Chapter 1: Framework for the Governance of Enterprise IT, Section 1.1: Introduction to GEIT, Subsection 1.1.2: Benefits of GEIT, Page 9 Developing an effective IT governance framework - Wavestone1