Challenge – Funding Innovation with Cost Savings vs New Investment
Today’s CIO strategic process starts the same way every year, with a budget and technology review exercise designed to justify spending and right-size the company’s tech stack. By optimizing the IT budget, Executive’s look to discover opportunities to self-fund new investments in digital innovation.
“No one hands you a bucket of money for digital transformation, the only way to fund it is to go digging in the numbers and start removing costs inside your own budget.” Traditionally, this has been done manually, evaluating tools and expenses to stretch the budget.
TEMA – Funding Innovation Whitepaper