Tag » Cut Costs
The recession has increased interest in many different ways of saving money, but is one of the traditional ways of achieving savings, in itself, a waste of money? More…
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Am I alone in this or have you been noticing people becoming less tolerant and more stressed with each other lately? More…
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The radio news comes into earshot on a busy morning – “the latest economic indicators are showing improved business confidence…” You wait for more details of how this is measured or which key group have been surveyed but nothing…. We are left hanging on, wondering where this revelation comes from!?! It’s obviously some kind of special knowledge that we mere mortals (cogs in the economy) are not party to! More…
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We are in the middle of a significant recession and the last 12 months has been one of turmoil with the FTSE falling by 32%, the banking system in crisis and many well known businesses failing. Most businesses are therefore looking for ways to save money and “overhead” areas such as IT are often targeted. IT managers are used to “doing more with less”, as IT organisations have become more efficient, but how should IT respond now to demands for cost reductions?
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Almost 60 per cent of organisations in Western Europe will outsource more IT and business process functions in 2009, while renegotiation of existing contracts will rise to more than 60 per cent, according to a recent survey from Gartner, Inc.
So, outsourcing activity has risen as the recession has deepened, but is this the correct reaction, or are organisations just chasing cost reduction at any price?
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