The team at Spektra Analytics has specialized in cost optimization and cost out programs focused on IT costs for more than 10 years. These programs help to identify and eliminate unnecessary expenses, reduce operational costs, and optimize IT investments.
The cost out agenda is typically initiated at all enterprises from time to time, and is typically driven by a combination of external and internal factors.
The cost out catalogue is customized the for individual client and consist of both OPEX and CAPEX savings.
A software infrastructure optimization could result in future savings on the investment in new licenses whereas a software contract renegotiation could result in lower run costs due to
2. Be prepared: Even if a Cost Out program has not yet been formulated, nearly all IT departments are faced with savings targets or increased workloads from digitization initiatives
3. Align with expectations: It is important to align with C-level expectations with regards to how quickly and how much the Cost Out program should bring to the table
4. Determine process: It is important to set up proper governance and draw up the processes for successful implementation of the Cost Out program
5. Stay updated: A Cost Out program may be outdated in a few years, due to the rapid evolution of the IT market, so it is important to stay updated to remain competitive