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Must Read White Paper: Simple Savvy Savings – 9 ideas to make anyone a Cost-Cutting Hero

Posted by Rubel Khan on August 14, 2009

The economic downturn has IT executives scrambling to defend budgets, avoid cutbacks, and help the business survive. 

In times of crisis, CFOs invariably turn up the heat on CIOs, and although IT spending is a modest 3.1% of revenue on average, because IT is seen within most organizations as a cost center, it is usually at the top of the list for spending cuts. Unfairly, as prior times of crisis have proven, IT is cut proportionately more than most other business groups.

According to a Tech Target survey of 268 IT decision makers, the pressure is not unexpectedly on IT to cut costs with:

  • 75% of respondents indicated that the overall economy is having a significant impact on their IT budget
  • 50% indicating a decrease greater than 10%.
  • 68% indicate that more budget cuts are likely if the economy does not improve in the first half of the year(2)

Goldman Sachs’ latest IT spending survey predicts the impact these individual budget cuts are having on IT spending worldwide, where in 2009 for the first time since the bursting of the tech bubble in 2001/2002, annual growth in IT spending is expected to be negative. The estimate is for a -1% global decrease – a year over year 116% decline in growth (down from +6% growth in 2008, and +9% growth in 2009), that although expected by Goldman Sach’s analysts not to last as long as the last slowdown because spending prior to the pullback was more modest than the run-up to the tech bubble, still promises to have a substantial impact.

This White Paper examines simple savvy savings that prove that you don’t need to look hard to find fast payback projects to deliver significant annual cost savings.  It outlines nine easy and quick payback projects to deliver on these savings.

Read the White Paper in its Entirety »

Printer-friendly: White Paper: Simple Savvy Savings – 9 ideas to make anyone a Cost-Cutting Hero

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