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4 moves CIOs should make to achieve a more efficient IT organization

January 17, 2023

Via: CIO
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1. Optimize cloud spend

It’s a good time for CIOs to conduct a financial health check on their technology budget. This includes running a benchmarking spend analysis on all categories relative to industry peers, as well as leading technology companies. Then, identify opportunities to reduce run costs and free up funds to invest in transformation and new technology capabilities. Specifically, look at your organization’s newer areas of technology spend, especially since the last economic downturn. What’s the biggest change you’ll find? Almost invariably, spending on cloud has leapt from low or even non-existent to high.

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