cost optimization — Industry Insights, Data, and Solutions For Business Leaders

10 Ways Organizations Can Reduce IT Costs Quickly in Tough Times, Identified by Gartner

IT spending is forecast to contract across all categories and regions in 2020. While businesses in most industries have begun to reopen, pandemic mitigation measures have created financial burdens, with the transportation, manufacturing and natural resources industries the most severely impacted.

Global Sourcing Takes a Hit from COVID-19 as GBS Activity Decreases 48% in Q2, Reports Everest Group

The Global Sourcing industry is suffering from the negative business impacts of the COVID-19 pandemic. The worldwide setup of Global Business Services (GBS) centers, also known as Global In-house Centers (GICs), fell more than 48% as offshore/nearshore activity dropped 46%, and onshore setups dropped 52% for the quarter.

Gartner Says 80% of HR Leaders Fail To Consider How Cost Optimization Efforts Contribute To Organizations’ Overall Cost Savings

Due to the economic uncertainty across most industries and markets, 92% of HR leaders are prioritizing budgeting and cost optimization initiatives, according to a benchmarking survey by Gartner, Inc. While HR leaders face increasing pressure to drive business value and manage costs, only 20% consider how HR cost optimization efforts can contribute to the organizations’ cost savings overall.