IT Strategies in Challenging Economic Times

IT executives were stretching their budgets even before today’s weak economic conditions. According to Computer Economics, median IT spending per user this year declined 6.2% to $6,667 from last year’s $7,397.

How can companies do more with less in IT spending? Listen as Paul Chisholm, CEO of mindSHIFT Technologies, discusses the following top strategies to help companies face these challenging economic times without sacrificing IT capabilities and losing competitive advantage.

• Implement strategic new technologies that will reduce costs, such as VoIP, software-as-a-service and virtualization.
• Help the CFO by implementing integrated systems that help collect payment from customers, for example.
• Ensure stability for all customer-facing applications.
• Take measures for green IT, which can help reduce costs.
• Invest in strategic initiatives that deliver competitive advantage, which can propel companies ahead of the competition as the recession lifts.
• Retain good employees, for it will be more costly to replace highly-skilled and knowledgeable workers later.
• Re-evaluate how to approach IT and consider addressing your IT needs more efficiently.

Listen to interview.