White Papers
What does the economic crisis mean to your technology plan?
Studies show that most organizations have considerably more IT needs than dollars budgeted to support their initiatives – regardless of a robust or slowed economy. On average, IT budgets constitute roughly 25 percent of the immediate technology needs as defined by the company overall. As a result, effective prioritization relative to overall business needs is imperative. Choices should be made based on sound, logical analysis relative to business needs and objectives.
Most organizations have adopted a cost-justification process. Sometimes, however, cost becomes the focal point to the exclusion of justifying the “right technology.” Often times, the technology chosen to fit a short term need must be replaced well short of its functional life expectancy. Generally this is due to incompatibilities with other technologies that are implemented later. Unfortunately, proper analysis, in many cases, could have identified the unseen business driven technology need, resulting in a decision that would more likely have supported long-term compatibility, reducing total cost ownership.