7-Step guide to IT cost reduction in 2023

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As per the latest forecast by Gartner, worldwide IT spending is projected to amount to $4.6 trillion in 2023, up by 5.1% from 2022. The demand for IT will be strong in 2023 as enterprises launch digital business initiatives to respond to global economic challenges. By Srinivas Miriyala.

You will find information on following topics in this article:

  • Why IT operations might cost more in 2023
  • Gartner’s decision framework for cost optimization
  • 7 strategies to optimize IT costs in 2023
    • Align automation approach with use cases to minimize technical debt
    • From infrastructure-centric to customer-centric operations (observability)
    • Capture immediate value from AIOps
    • Enhance self-service, autonomy and decentralization with governance and ITSM
    • Automate incident management
    • Balance speed of innovation with IT risk management
    • Judiciously use IT Ops teams

In order to optimize IT costs going into 2023, it’s critical to take note of where your IT employees stand on wellness and productivity and to take necessary steps to address concerns, if any. Good read!

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