Increasing business growth in rough times sometimes pushes executives to look into IT area for improvements and cost reduction. Thus, there is an increase in demand for new IT technology which able to bring savings and operation improvement.
McKinsey Global Survey shows that about 25% of executives both IT and non-IT agree on IT based solution to bring about good results. What are the particular ideas or project would bring some business growth in the face of economic downturn.
Business Improvement Ideas in IT Technology
- increase offshoring or outsourcing
- increase virtualization or infrastructure consolidation
- renegotiating vendor contracts
- improve efficiency in application developments and maintenance
- reducing service subscriptions
- deferring projects and new initiatives
The most popular approach is for server consolidation or use of virtualization technology. This brings about reduction in space, reduction of electricity consumption, simpler server management, and lots of other benefits. Then the cloud technology coupled with IT outsourcing or offshoring which could help business focus on core competency. These three are on the top of the list of business improvement ideas with IT technology.
