What are some cost reduction strategies: Do we cut costs by reducing waste, leveraging technology, or something more? The challenge is always reducing operating costs, while not sacrificing quality, making the lives or employees more difficult, or increasing employee turnover.
CIO in Services (non-Government), 1,001 - 5,000 employees
We have deployed ServiceNow with superior results. The self-service has been exceptional and allowed us to repourpose about 30% of level-one staff. Additionally, we have moved to Dell's pre-imaging service for about $30/computer. Our level-two staff was spending about 2.5 hours per PC on prep time (~$92.5/PC), which we have happily moved to other line items. Senior Director - Enterprise IT & Cloud Transformation in Services (non-Government), 10,001+ employees
Technology is changing very fast...its better to remove legacy and adopt to new age solutions which will help reduce turnaround time at the same time speed to market can be increase. In cases you will win confidence of business by improving cycles. Off course another way is to drive a matrix driven organisation which can be measured on a continuous service improvement (CSI) . You must have heard about AIOPS/operational analytics ...its a one step forward to look for cashcows in system and remove those bubbles. Assistant Director IT Auditor in Education, 10,001+ employees
Leveraging technology to improve business processes and efficiency and encourage reducing waste as part of the organization culture.Content you might like
Chief Information Officer in Healthcare and Biotech, 1,001 - 5,000 employees
Our quickest spend reduction came from end point standardization and the narrowing of standard equipment to a menu of options. A standard replacement scheduled was implemented allowing a reliable prediction of endpoint costs. ...read morePoor efficiency of the detection and threat hunting solution (SIEM/SOAR, EDR solutions)49%
Too much time wasted on false positive alerts64%
Lack of security skills and defined processes46%
Not enough demand in the market6%
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CTO in Software, 201 - 500 employees
Without a doubt - Technical Debt! It's a ball and chain that creates an ever increasing drag on any organization, stifles innovation, and prevents transformation.Adding MDR and other advanced security28%
Consolidating vendors48%
Expanding product breadth33%
Automating processes52%
Outsourcing strategies (ex: SOC or NOC)19%
Differentiating from competitors25%
Focusing on reputation building14%
Moving more to the cloud17%
Redefining MSP metrics3%
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