IT cost reduction: Save to transform has been saved
IT cost reduction: Save to transform
Part of the For Cloud Professionals podcast series
Deloitte's 2019 Global Cost Survey reveals that companies are no longer simply reducing costs to fund necessary growth. Instead, they are using smart cost-cutting strategies to invest in technologies like cloud, AI/ML, and RPA to help transform their business for the future.
Reduce IT costs and save to transform
Historically, companies have used cost-reduction strategies to hedge against market fluctuations and fund necessary growth. As Deloitte’s 2019 Global Cost Survey reveals, this is no longer the case. Increasingly, companies across the globe are realizing the impact of disruptive technologies and new-market players. In response, they are leveraging ongoing cost-reduction strategies as a means to deploy technologies such as AI/ML, RPA, and cloud, that will enable them to transform their business. In this podcast, David Linthicum and guest, Deloitte’s Omar Aguilar, discuss the results of the Deloitte survey and several of its most compelling findings, including how cost reduction strategies are being disrupted themselves by technologies that are changing old paradigms and producing new results.
What we saw was companies have started to use savings not only to grow, but to change their infrastructure and themselves, i.e., to transform themselves.
Omar Aguilar is the global leader of the Strategic Cost Transformation service offering for Deloitte Consulting LLP, focused on supporting and serving multinationals and local clients across the globe. His areas of expertise include strategic cost transformation, margin improvement, restructuring, turnarounds, and business model transformations. Prior to his current role, he was the Americas Strategy & Operations regional leader.
As the underlying enabler for advanced technologies like automation and AI, organizations are eager to put the right cloud foundation into place to expand their capabilities. Deloitte's 2019 Global Cost Survey sheds more light on this topic, but one thing is clear: The cloud has arrived.
Cloud technologies–both from a storage and end-user perspective–are rapidly accelerating companies' abilities to leverage AI technologies to gain deeper insights to help grow the business. However, it's critical to have a strategy in place to ensure that the answers you seek reflect the realities of the business.
Save-to-transform as a catalyst for embracing digital disruption: Deloitte's 2019 Global Cost Survey
Cost-management remains a strong imperative around the world. Companies continue to have positive expectations for revenue growth, with many reducing costs to allow for necessary growth. However, in today’s increasingly digital world, businesses also recognize the need to transform their operations and capabilities with infrastructure investments in key digital innovations—shifting from a save-to-grow to a save-to-transform mindset.
Realizing the transformative power of the cloud
For Cloud Professionals: Hosted by David Linthicum and designed for cloud professionals, this podcast gives you the straight talk on cloud computing. From what’s going on in the industry, the impact of cloud in the enterprise to how it can enable business transformation–it’s all covered here.
Architecting the Cloud: Get real about cloud technology with Mike Kavis on the Architecting the Cloud podcast. We’re talking about what’s new in the cloud, how to use it, and why with people in the field who have done the work.
Or visit the On Cloud library for the full collection of episodes.