In the current landscape where cost reduction is a leading trend, how do you balance cost-cutting pressures with preserving product features customers truly value? What specific tactics have worked for maintaining key attributes while reducing expenses, and where have you had to make the toughest trade-offs?
Vice President, Global Product Engineering, AI Lab & InfoSec in Finance (non-banking)5 months ago
To balance cost pressures with preserving valued features, I focus on portfolio rationalization-retiring low-impact tools, merging capabilities and features-while investing in automation and digitalization to streamline operations and reduce manual effort. Regular IT audits, cloud optimization, and consolidating redundant assets cut costs without sacrificing key attributes. The toughest trade-offs arise when reducing tech debt or legacy systems risks short-term disruption but is essential for long-term efficiency and innovation via engineering excellence program.
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What impact has the focus on cost reduction had on your product development timelines?
Significantly slowed down the process
Moderately impacted timelines100%
No impact on development speed
Accelerated the process due to streamlined operations
To balance cost pressures with preserving valued features, I focus on portfolio rationalization-retiring low-impact tools, merging capabilities and features-while investing in automation and digitalization to streamline operations and reduce manual effort. Regular IT audits, cloud optimization, and consolidating redundant assets cut costs without sacrificing key attributes. The toughest trade-offs arise when reducing tech debt or legacy systems risks short-term disruption but is essential for long-term efficiency and innovation via engineering excellence program.