Save to Transform: IT Cost Reduction vs. Strategic IT Cost Transformation

Presented by

Joey Lei, Director – Service Management

About this talk

COVID-19 has forced organizations to rethink how they do business. And now that the organizations are settling in the new normal, they have started working on the long-term strategies to eliminate wasteful spending or adjust loss of sales due to the pandemic-induced challenges. The pure cost reduction programs implemented in response to the pandemic will not scale growth as organizations need to invest in innovation to become successful in the long run. That is why a conversation about strategic cost investment or 'cost transformation measures' is critical now. Outline: o Short-term IT Cost Reduction vs. Strategic IT Cost Transformation o How to Invest in Technology to Scale in the New Normal o The 4-Step Process to Strategic Cost Transformation o The Short-term and Long-term Benefits of Cost Transformation Strategy o Synoptek Case Study

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Synoptek is a business and technology consulting firm that helps businesses envision, transform, and evolve. As a global systems integrator and managed technology services provider, Synoptek partners with organizations worldwide to help them navigate the ever-changing technology landscape and build solid foundations for their business. With its comprehensive offerings, global workforce, and strategic technology partnerships, Synoptek helps organizations grow their business while optimizing and protecting their ecosystem. With growth, ownership, inclusivity, and philanthropy embedded in its DNA, Synoptek is committed to delivering improved business results and unmatched service to all its stakeholders.