Cost savings are all that CIOs are thinking about each day. The business side is constantly putting pressure on CIOs to reduce the impact the IT budget is having on the company. And in many cases, CIOs have achieved those goals. But in a surprising number of cases, they've failed at that. In fact, a new study, Challenging the Status Quo on Maintenance Contracts and Refresh Cycles to Lower Costs, from Network Hardware and Forrester Consulting, in which 304 IT decision-makers were polled, has found that in far too many cases, companies haven't been successful at reducing their IT costs because, well, they don't know about existing opportunities.
Controlling the Purse Strings Companies should be deciding when it's time to invest in new products, not vendors. Yet, 56% of IT decision-makers say they update new software, hardware, and services because of the "industry average" presented to them by vendors.
This article was originally published on 06-18-2013