Cost Optimization

Drive greater value for your enterprise - and the most effective business operations and tech.

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Recession or Not, Cost Takeout Requires a New Approach

Breakthrough cost optimization is readily achievable, but it requires a new generation of techniques that improve upon and sometimes fully replace the cost optimization techniques of the past.

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For Resiliency & Digital Enablement: Optimize Your Costs 

There is considerable volatility in the market these days. Many are listing risks in their earnings releases related to inflation, recession, FX, interest rates, supply chain challenges, cost of capital, geopolitical risks and talent availability. We've seen numerous enterprises restate their full year 2022 guidance - with some announcing significant layoffs. This disruption will likely lead to increased M&A and market consolidation.  

When you’re under budget pressure, you have to find smart ways to get lean, drive operational efficiency and manage risks.

Cost optimization allows you to:

  • Unlock capital to re-invest in new digitally enabled business models and digital transformation initiatives.
  • Fix root causes in your company culture and governance structure that are leading to unproductive costs.
  • Increase momentum via change management to drive productivity internally and sustain healthy relationships in your partner ecosystem.
  • Enable competitive resilience and reduce technical debt.
  • Promote M&A integration and facilitate effective divestitures.

Immediately assessing and taking action on these critical areas will drive the results needed to position your enterprise for short and long-term success. ISG can help enterprises identify drive costs savings:

  • <60 days, ISG can develop a heat map of savings opportunities – up to 30% savings against addressable costs.
  • <90 days, we build a roadmap to achieve the savings, plus a business case and operating model to sustain optimized costs going forward.
cost optimization areas to drive best improvement via cost take out

ISG Cost Optimization Study

Our global ISG Buyer Behavior Study, conducted in February 2023, asked more than 250 executives about their cost optimization plans and the expected impacts.

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Not every cost is the same.

Watch this ISG Thinks™ video to learn why building a comprehensive cost optimization strategy can make you more competitive in the digital era.

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