IT cost management looms large as spending dips in response to economic downturn
Research from Computer Economics shows that IT spending has subsided as the financial crisis continues. After seeing IT budgets in 2007 grow at a 5 percent rate (up from 4.1 percent in 2006), in 2008 the median IT operational budget growth rate dropped to 4 percent. The findings confirm statistically what many IT shops have felt viscerally.
So it is official, technology managers are in fact doing more with less.
As a result, the issue of effective IT cost management with enterprises has risen in recent months from a “due-diligence” type of an activity, to a starting point on what business and IT priorities enterprises should fund…or continue to support.
This BizTech Reports podcast features a conversation with Ed Thum, Program Director for Rational Software at IBM to explore the strategic and operational implications of the current IT cost management environment on IT professionals.
This discussion explores how IT managers should approach growing demand to demonstrate greater ROI metrics in shorter periods of time. Thum describes how new tools and technologies can help not only achieve these objectives, but also enable a more effective way to align business and IT priorities.
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