Key Stakeholders: CIO, CTO, FinOps Directors and Managers, Cloud Cost Directors and Managers, Platform Engineers, Release Managers, Software Engineering Directors and Managers, IT Architects, VP of IT, IT directors, IT Procurement, IT Sourcing, Technology Expense Managers and Directors, Telecom Expense Managers, Managed Mobility Directors and Managers, Software Asset Managers
Why It Matters: 2023 has started as quite the unpredictable year as Big Tech pushes layoffs, geopolitical strife exists in multiple countries, and economic trends point towards a recession, IT cost management and artificial intelligence (AI) will play an outsized role in making companies more productive as foundational business strategies. This document provides guidance to the C-Suite executive on how to cut costs and meet CFO and board-driven imperatives for a leaner business without making the mistake of cutting too deeply to support customer needs.
Top Takeaway: These predictions across analytics, AI, Technology Lifecycle Management, and FinOps demonstrate how companies have had to transform yet again in 2023 and make drastic business changes to align the workforce with the need to be profitable. At a time when cloud spend is growing 4x faster than IT spend as a whole and IT spend is expected to grow 4x faster than the global Gross Domestic Product, companies need strategies to deal with these outsized spend categories. Use these predictions to guide your organization as you prepare to make your company leaner, smarter, and faster in 2023.