Reorienting IT’s budget toward future opportunities is a big reason why CIOs should review their IT portfolios to curb unnecessary spending and realize maximum value from every IT investment.
“While justifying technology expenditure can be tricky, IT leaders can discover what’s really critical by investigating their discretionary spending during budgeting and planning cycles so that they only include areas of breakthrough value creation and don’t assume or go by historical context alone,” says Nitish Mittal, Partner at Everest Group.
