Recession or Not, Cost Takeout Requires a New Approach
Breakthrough cost optimization is readily achievable, but it requires a new generation of techniques that improve upon and sometimes fully replace the cost optimization techniques of the past.
There is considerable volatility in the market these days. Many are listing risks in their earnings releases related to inflation, recession, FX, interest rates, supply chain challenges, cost of capital, geopolitical risks and talent availability. We've seen numerous enterprises restate their full year 2022 guidance - with some announcing significant layoffs. This disruption will likely lead to increased M&A and market consolidation.
When you’re under budget pressure, you have to find smart ways to get lean, drive operational efficiency and manage risks.
Cost optimization allows you to:
Immediately assessing and taking action on these critical areas will drive the results needed to position your enterprise for short and long-term success. ISG can help enterprises identify drive costs savings:
Watch this ISG Thinks™ video to learn why building a comprehensive cost optimization strategy can make you more competitive in the digital era.
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Learn MoreAre you under pressure to reduce your mainframe costs? Several service providers are addressing the increasing demand to free business data that resides in mainframe systems. From a high-level perspective, all companies are moving their data from on-premises to the cloud for leveraging advanced analytics, AI, machine learning and data lakes. When data sits on a mainframe, companies find that the need for data access drives modernization.
The focus on digital transformation is driving companies to the cloud. However, this is pushing the limits of connectivity and putting a stress on architecture ― creating a distention of ultra-modern digital systems connected to classic mainframes. One can portend a breakdown in architecture if this trend continues. Companies that are dependent on mainframes need to have a plan to prevent this disruption from becoming a reality.
Learn the buying profile archetype for digital business solutions, plus key market trends, including:
Compare providers and solutions on the digital topics that matter to your business:
ISG sees several common AWS trends across regions and industries:
Read the global summary or check out our regional reports for specifics.