The market continues to experience considerable transformation. Organizations face challenges as economic growth decelerates, interest rates remain high, labor markets normalize, and currencies experience volatility. While the likelihood of a recession has subsided, current market factors require companies to make strategic, data-driven decisions to balance cost containment with technology modernization, resiliency, and compliance.
Whether you’re under budget pressure, or you’re tuning your business for transformational growth, it’s critical that you find smart, sustainable ways to drive cost transparency, get lean, sustain operational efficiency and mitigate risks.
Cost optimization allows you to:
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 to identify and execute cost savings:
Our global ISG Buyer Behavior Study, conducted in February 2023, asked more than 250 executives about their cost optimization plans and the expected impacts.
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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