10 Ways to Cut IT Costs
The New Reality for Customer Engagement
Date: 5/31/2018 @ 1 p.m. ET
Cutting costs and increasing efficiency are paramount as the economy continues to suffer.
Reduce, rationalize, cutback, justify. In other words, get more out of less. Executives everywhere are looking for ways to cut their fiscal outlay associated with technology services.
IT service providers are being asked by C-level executives, "How can you help me cut my IT spend?". These service providers need to have not only practical, but actionable answers to that single question.
For those IT service providers that can deliver globally from offshore, the answer is typically single-threaded: Offshoring IT services (typically to India) can save organizations upwards of 60% of their current IT spend.
But this cannot be the only answer to the question if service providers want to partner with industry and work with clients to solve today's most pervasive business problem: managing in a terrible economic climate.
Cost savings can be realized in two different fashions or in combination, by reducing the actual outlay of capital expense or by improving the efficiency of the existing spend. Here are ten techniques for reducing the cost of IT or making it more efficient.
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