Facing economic uncertainty, many IT leaders are looking to become more efficient while also investing in the latest technology.
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Improving efficiency is a perennial goal for IT leaders. But this objective is particularly important to many for 2020. With concerns about economic uncertainly, potential recession, and tariffs weighing on their minds, many enterprise CIOs are trying hard to keep discretionary spending to a minimum.
But at the same time, the push toward digital transformation has IT executives concerned about keeping up with the competition. They know they need to invest in emerging technologies like artificial intelligence, machine learning, edge computing, and others if they want to remain relevant in their industries. Cutting back too much could be just as risky as overspending.
“Most companies are caught trying to either cut costs or invest for growth, but the top-performing enterprises are doing both,” explained John-David Lovelock, research vice president at Gartner, in a release. “A core challenge facing the industry is how organizations can operate as both a traditional company and a technology company at the same time. These ‘and’ dilemmas will drive future IT spending trends.”
So, what can enterprise IT leaders do if they want to boost their efficiency and prepare for future growth in the coming year?
At the beginning of every winter, the analysts at Gartner, IDC, Forrester, and other firms come out with their predictions for the next twelve months. For 2020, many of those predictions highlight ways that top firms are looking to improve efficiency. And fortunately for IT leaders, many of the best ways to improve IT efficiency also involve investing in the latest technology, which can help them maintain their competitive edge.
The following slides focus on nine different ways that leading CIOs are planning to improve efficiency in 2020.
Image: Pixabay
Cynthia Harvey is a freelance writer and editor based in the Detroit area. She has been covering the technology industry for more than fifteen years. View Full Bio
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