Save to Transform – Strategic IT Cost Transformation vs. IT Cost Optimization

COVID-19 has forced organizations to rethink how they do business. And now that the organizations are settling in the new normal, they have started working on the long-term strategies to eliminate wasteful spending or adjust loss of sales due to the pandemic-induced challenges.

The pure cost reduction programs implemented in response to the pandemic will not scale growth as organizations need to invest in innovation to become successful in the long run. That is why a conversation about strategic cost investment or 'cost transformation measures' is critical now.

Outline:
o Short-term IT Cost Reduction vs. Strategic IT Cost Transformation
o How to Invest in Technology to Scale in the New Normal
o The 4-Step Process to Strategic Cost Transformation
o The Short-term and Long-term Benefits of Cost Transformation Strategy
o Synoptek Case Study

Presented by
Joey Lei, Director – Service Management