So, Gartner. I quoted them last week with that 3% increase in IT spending… well, digging into that, note it’s a drop from 5%. So, despite inflation. But a subtlety to note.
Which led me to an Opinion piece in the New Stack, which was another perspective on that question from the audience “how do I talk to my customers about recession planning.” Quoting from the piece with five key points:
Make a plan with the CEO. An IT manager must work closely with their company’s CEO when they’re analyzing the organization’s current business situation and mapping out a recession strategy.
Reassess what you have. A zero-base approach in which each expenditure is evaluated based on actual need or cost can help identify money-saving opportunities within an organization.
Less Data, Not more. CTOs and other technology leaders who want to ensure their companies are in a good position for a recovery can save money long-term by looking at how they manage their data.
Move to the cloud. A recession might not seem like the best time for a business to make infrastructure changes, but, despite an initial investment, a company can reduce IT costs by shifting to the cloud.
Think Carefully about Who’s getting laid off. No one likes layoffs, but a deep recession may demand workforce cuts. However, any cuts must protect not only the core business functions but also leave room for growth after the crisis.
Why do we care?
This sounded thematically like what I’ve been saying and resonated with previous statements I’ve made. Repetition does not spoil the prayer, as they say, and in particular, these views are savvy ways of expressing the benefits.
