Published: 09 January 2024
In an uncertain and pressurized economic landscape, organizations often face the challenge of realizing immediate IT cost savings. This research features 10 short-term cost-cutting rules that can help CIOs achieve their targets and minimize the impacts on business operations.
In times of economic challenge, organizations often cut costs without a clear understanding of the potential consequences and risks associated with implementing savings targets within a pressured time frame.
Most IT departments lack a formal approach in implementing rapid cost-cutting measures across their department.
The risks of reactive cost cutting are often not well-defined, quantified or effectively communicated, leading to poor decision making. This can have unintended consequences in the longer term and drive potential disruptions.
CIOs seeking to rapidly cut their costs as part of their cost optimization approach should:
Establish your cost reduction fundamentals by defining the specifics of
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