Gartner Research

Use Economic Concepts to Lead Cost Optimization

Published: 17 March 2017

ID: G00324807

Analyst(s): Stewart Buchanan , Kurt Potter

Summary

All individual cost optimization ideas are variations on the theme of a larger economic concept. CIOs that examine the economics behind an idea can identify further cost optimization opportunities and their leading indicators in both IT and business spending.

Table Of Contents
  • Key Challenges

Introduction

  • Definitions of Economics, Leading Indicators and Lagging Indicators
    • Economics
    • Leading Indicators
    • Lagging Indicators

Analysis

  • Use the Seven Economic Concepts as Leading Indicators for Cost Optimization Success
  • Apply the Seven Economic Concepts to Cost Optimization
    • Budget Appeasement and Gaming
    • Best Practices, Methodologies and Frameworks
    • Supply and Demand Refinement
    • Portfolios and Prioritization
    • Vertical and Horizontal Integration
    • Complexity and Simplification
    • Strategic and Aspirational
  • Use Economic Concepts to Drive Cost Optimization Strategy Creation or Implementation

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