In times of economic instability, fast technological growth, and outward pressure from startups, enterprises are seeking to stretch their budgets to get the most out of it. Certainly, one of the fastest-growing areas and enablers of future growth is information technology, but it is also one of the biggest budget spenders.
Finding areas to save costs isn’t easy. CIOs spent years and years reducing costs by merging data centers and help desks, virtualizing servers, rationalizing processes, delaying upgrades, and outsourcing services. Even more concerning, a recent Bain & Company study highlighted that in most companies IT doesn’t even adhere to the overall business strategy. As a result, companies may spend, on average, 20 percent more on IT than they really need to.