“COVID-19 has not only accelerated the move to cloud and the digital transformation journey, but it has also put cost reduction initiatives squarely in the limelight. Reducing costs has always been a top priority for IT departments but the pandemic has accelerated its importance over the past 12 months. In fact, according to Deloitte cost reduction initiatives have increased 74 percent since pre-COVID, with 40 percent of organizations planning to grow their cost reduction strategies in the next 12 months. However, undertaking a large-scale digital transformation with either a flat or declining budget is no mean feat.”
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Date: July 14, 2021