IT Investment Strategies and Digital Transformation

In the finale of 10 episodes, Hari Candadai, Global VP at Rimini Street, interviews Ray Wang, CEO of Constellation Research to discuss digital transformation solutions in the face of the global pandemic.

Choosing the best IT investment strategy depends on your business model and where you want to go. If you’re expanding, keep integration in mind as you bet on your future. Preserve your efficient cost structure, and use money and cost savings to fund new initiatives, achieve scale, or buy time.

If you’re contracting, reduce your cost structure to operate with the least amount of resources but the maximum amount of gain. Eliminate costly contracts; optimize licenses; postpone as much as possible, and sweat out your assets.

No matter what your market position or future goals, a sound IT investment strategy should include consideration of long-term business strategy and the total cost of ownership over the next three to five years, mapped to business priorities.

Additional Resources

Analyst Research

Predicts 2023: Inflation’s Permanent Impact on SaaS/Software Costs, Commercials and Business Practices

As software vendors respond to the impact of inflation, they are now more likely to view support as a profit center, optimizing it at the expense of the end-user and leading to a potentially degraded experience at a higher cost. In this Gartner Predicts 2023 report, you will get insight into how software vendors are adjusting their support models and gain strategies on how you can control your costs and improve your negotiating power: By 2026, 50% of enterprise applications will separate support from existing subscription and maintenance costs to create additional revenue streams Impacts of market conditions on support and maintenance pricing over time Why you should consider third-party support to protect critical applications as an alternative to vendor-provided support Read the full report to discover strategies for keeping software costs under control as vendors shift their models. Gartner, Predicts 2023: Inflation’s Permanent Impact on SaaS/Software Costs, Commercials and Business Practices, 9 January 2023, Mike Tucciarone Et Al. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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