Meridian knows our entire environment and, from a strategic perspective, they are able to help us roadmap what our environment should look like in the future as well as now.
Vice President of Technology
It is imperative that all companies are actively working to lower their costs to stay competitive. IT departments must look beyond simple cost cutting measures and focus on effectively utilizing technology to improve business outcomes. Organizations must invest strategically and evaluate how their technology impacts the customer experience, operational costs, and the ability to generate new streams of revenue. Companies needs to continuously explore new ways to operate their business; from the way they finance equipment to their expectations from their technology initiatives.
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CIOs that leverage IT shared services across business units to drive economies of scale experience savings of up to 25%.Source
Through data center modernization and consolidation efforts, cost savings can range between 10% and 20% of a data center budget.Source
of executives plan to undertake cost-reduction initiatives over the next 24 months.Source
of executives are implementing cloud technologies to reduce costs and increase productivity.Source
of executives are implementing automation/RPA technologies to reduce costs and increase productivity.Source
IT cost optimization is a mix between minimizing costs and risk while maximizing business value. Executives can experience lower operating costs within their IT department and throughout their organization by focusing on cost optimization practices such as adopting a cloud-first business approach, consolidating and modernizing databases, implementing machine learning and automation tools, optimizing software and hardware license models, and shared services between business units.
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