According to Gartner, “In an uncertain and pressurized economic environment, organizations often face the challenge of realizing immediate IT cost savings. When faced with the challenge, CIOs need to determine how to approach cost cutting in the least damaging way to the medium- and long-term health of the business.”
While IT cost management is a best practice, Gartner has recommendations for how to approach rapid cost cutting when required:
This must-read report can help CIOs thoughtfully cut costs to meet budget goals while managing risk and minimizing longer-term effects. Those who follow Gartner’s recommended approach will position their organizations for success.
Reference: Gartner, Inc. “10 Rules for Rapid IT Spend Reduction.” November 4, 2019.
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