This white paper discusses how ITIL 4 and the IT4IT standard can be combined to manage the new digital reality. ITIL 4 focuses on practices, culture, and behavior while IT4IT focuses on information flows and automating IT activities. Both aim to holistically manage IT service and product lifecycles. The paper outlines the key components of ITIL 4 and IT4IT and how their synergies allow for a more streamlined and automated delivery model leveraging Agile and DevOps.