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Information Technology Infrastructure Library v3 (ITIL v3)

Definition - What does Information Technology Infrastructure Library v3 (ITIL v3) mean?

Information Technology Infrastructure Library v3 is the 2007 version of the original Information Technology Infrastructure Library (ITIL), which developed as a general service standard in the 1980s. It represents an update of a set of management practices that can help dovetail a business's technology needs and IT strategies.

As ITIL developed along with standards like ISO/IEC 20000, it became a way for businesses to structure their processes more efficiently and effectively. Aspects of ITIL helped businesses to prioritize projects and to approach larger changes in more detailed ways in order to achieve these changes with minimal disruption to business operations.

Techopedia explains Information Technology Infrastructure Library v3 (ITIL v3)

Information Technology Infrastructure Library v3 has evolved from the original in its attempt to help businesses understand the best ways to optimize IT practices. Elements of ITIL v3 include ITIL service strategy and ITIL service design, which guide various IT proposals and the evolution of new policies and projects. Other aspects focus on support for IT services and implementation. Career professionals can be ITIL-accredited, which can serve as a valuable qualification for top-level planners within a company or enterprise.

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