Managing Cost in a Recession
The credit crunch – evolve or die?
The economic environment is always evolving, so it makes sense
to plan and prepare for the bad times as well as the good. Kneejerk
reactions to recessionary conditions – e.g. staff reductions, price
cuts etc. – are usually motivated by panic rather than reason.
In fact, one of the simplest and most effective ways to manage
cost in a downturn is to take a fresh look at how your IT is
structured. Does this align with your company’s organisational
goals? If not, your technology systems are unlikely to be adding
value to your business. Don’t be afraid to try a new approach.
Cost vs. Value
While it is tempting to focus on cutting costs, your priority
should in fact be making sure you’re getting value for money. In
the current climate, emphasis has switched to risk containment -
making the most of what you've got.
There should be a clear synchronisation of your IT delivery with
your own particular business needs. In a period of instability, for
example, you may need more flexible provision, fewer resources or
more users in different locations. The challenge is to find the
most cost effective way of doing this without sacrificing quality,
reliability or control.
How outsourcing your IT provision to Cobweb can provide
better value for money:
- No upfront investment on hardware or licensing
- No ongoing maintenance costs (e.g. upgrading systems, systems
- Flexible, fully scalable provision
- Hassle free – leave it in the hands of trusted experts
Learn more about in-house vs.
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18 July 2014 - An ever-increasing number of healthcare technology organisations in the US are adopting cloud services, with 83 per cent of IT executives reporting that they've already put in place, according to a new survey.
14 July 2014 - Some 78 per cent of UK businesses have now adopted one or more cloud-based services, new research from the Cloud Industry Forum (CIF) reveals.
14th July 2014 - Businesses looking to make use of the cloud should avoid choosing vendors that only focus on the financial upsides of the technology, the Bank of England's (BoE) CIO has said.