Can you share examples of using data analytics to identify cost optimization opportunities in IT?
Sort by:
Director in Manufacturing2 years ago
We’ve used it for mobility usage contract optimization. Eg which type of plan should they be on based on actual usage. We have about 35,000 devices
However the largest savings we have had are still manual, and typically from leaders with long term experience in their fields and have a sense of what is out of line
Senior Director Of Technology in Software2 years ago
We use analytics to identify potential leakages in inventory and order discounts.
Also on tech side, we analyse data to identify the need of servers on AWS.
Another use case is instead of physical check on clinics, we feed in data to analytics to trigger reorders on inventory shrink.
Great question! We are using analytics in many areas - contracts automation to identify opportunities are visible, tracked and leveraged, platform level data and analytics at all levels to identify and manage preventative failures, but also spend related to non-prod type scenarios/usage that can be optimised down under SaaS/PaaS type situations.
One of my current favourites is however the implementation of analytics connecting technology initiatives through a values framework that provides an angle of analysis that can identify across a global organisation, opportunities (synergies / duplications / consolidations) where the 'same' challenge is being tackled in a decentralised model. We're currently learning how this can lead to a truly optimised portfolio (you can smell the AI opportunities there), but it's an interesting space to tackle cost - but also show the value of what we do when 'cost' isn't the principle driver.