Tough Times, Tough Choices, Smart IT Plans - Market Research Reports

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Tough Times, Tough Choices, Smart IT Plans

Description:

A recent EMA research report found that 74% of CIOs must maintain or reduce IT budgets over the next two years. Naturally, businesses do not relax service expectations despite shrinking budgets. In harsh economic times, the options dwindle for satisfying these apparently incompatible objectives. With each 'red pencil' pass through the budget spreadsheets yielding fewer cost reduction candidates, layoffs loom as the final alternative. With each layoff, the organization pushes increasingly valuable IT expertise out the door, thereby reducing its ability to compete.

It is not too late and never too early to take an approach that resolves this paradox. There are two basic approaches to budget reduction; managers can attack the budget spreadsheet with a red pencil or use technology innovations to increase efficiency and more effectively utilize existing staff.

As a rough guide to budget reduction from these two very different approaches, this paper grades each technique within the two approaches by its savings potential and repeatability.

Finally, the paper discusses the UC4 Workload Automation Suite as an example of a solution that achieves the listed technology innovation objectives while maintaining an open architecture that EMA considers essential for products at the nexus of business flows.

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