Deliver sustained business value by reexamining technology budgeting and investment strategies
Modernizing and optimizing your IT landscape is no longer an option. It is a mandate. Aging and inconsistent technology slows down your business, frustrates your staff, and may even impact your ability to deliver excellent service.
Optimizing technology investment isn’t just about cutting costs — it’s about investing the right amount necessary to deliver the value required by the business, while at the same time looking for opportunities to fund innovation initiatives.
Budgeting
Budgeting is obviously important, as it provides the funding to keep your department running. Beyond just “keeping the lights on,” your budget is an important tool for identifying and executing the IT initiatives that are crucial to your business.
Rather than just a wish list for funding, consider the budget as a tool to prioritize your IT initiatives and validate that your monetary investment matches your strategic priorities. Similarly, your budget lets you quickly identify areas where you may be overspending.
Cloud business models
Many business and technology functions have embraced cloud solutions with open arms.
Cloud is a cheaper, simpler and efficient way to manage data and application compared to establishing and maintaining a data center. It provides agility, seamless integration with other systems, quick configuration and ability to scale (in no time).
In the move to cloud services, many technology investments historically classified as capital expenditures will be recategorized as operating expenses.
Automation
As social distancing continues, businesses can help protect their workers by augmenting human efforts with autonomous technologies. For example, by improving workflows, changing resource requirements, and enabling teams to trade manual and repetitive tasks for those requiring higher-order skills, automation can drive up productivity and output and reduce operational costs and errors.
Core modernization
Asking what legacy system modernization costs is the IT version of putting the cart before the horse. Let’s flip the conversation. Instead of asking how much legacy modernization costs, the real question to ask yourself is how much maintaining legacy systems costs.
Core modernization may carry a large price tag up front, but it will save on labor and maintenance costs in a matter of months. By the same token, maintaining legacy systems may look inexpensive, but you are likely losing out on growth opportunities to your competition.
Whether you need help analyzing the true cost of the cloud, optimizing your technology spend, or communicating IT’s value to the business, Plow Networks can help.
About Plow Networks
Headquartered in Brentwood, Tennessee in 2012, the founders of Plow Networks came together over a shared vision of offering businesses a unique and best-in-class experience by providing them with a single partner for all of their technology needs.
Businesses are looking for simplicity and a partner they can trust. Plow Networks gives its clients confidence and peace of mind by analyzing their business needs and recommending solutions that Plow Networks can architect, implement, support, and operate; so businesses can focus on growing and achieving their goals. As a result, Plow Networks is now a leading Total Service Provider (TSP) in the IT industry.
