70% of executives say that the Covid-19 pandemic is likely to accelerate the pace of their digital transformation. Research by Mckinsey & Co shows that we have leaped 5 years forward in consumer and business digital adoption in 8 weeks and that 75% of people using digital channels for the first time indicate they will continue to use them when things return to “normal”.
To compete with “digitally native” enterprises that are scaling new products and services at near zero marginal cost, bold investments in external technology capabilities are required to create a sustainable competitive advantage.
Technology costs represents a significant proportion of total costs, often embedded in budgets as “technology debt”. However, many executives have limited visibility of actual enterprise-wide technology spend and strategic importance with 67% of technology procurement being controlled by business units outside of IT using a broad variety of cloud-based “as a service” technologies and suppliers.
Technology Connect help companies accelerate time to realise maximum technology cost savings in the right parts of the business. Within 1-2 weeks we identify and analyse technology spend to prioritise right-sizing opportunities with cost savings of 20% over the next 12 months.
Our innovative approach enable companies to realise cost savings and guide re-investments of these savings into the right new and emerging digital capabilities to significantly increase agility, resilience and performance.
If you need to rapidly right-size your technology costs and need an experienced, independent and cost-effective partner to work with you throughout this journey, then contact Technology Connect. This is what we do!