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8 Ways to Cut IT Costs Without Losing Momentum

90% of CEOs believe inflation will be an ongoing issue (Gartner, 2022)

Layoffs increased 68% in September 2022, compared to September 2021

Supply chain cost increases are expected by 50% of chief supply chain officers (Gartner, 2022)

98% of U.S. CEOs indicate they are anticipating a recession

As the recession looms in 2022, there’s no doubt that lowering costs without lowering efficiency and value is top-of-mind. Don’t wait for the CEO to come knocking. Implement these eight cost-saving strategies developed by our experienced IT professionals today and put your company in a strong position to face stormy economic weather.

1. Migrate to the Cloud

Companies save an average of 15-35% across all of IT by migrating to the cloud.

Read about how we helped a financial technology company cut costs by 50% through a cloud migration.

4. Tune Applications and Databases

Since March 2020, more than 40% of IT leaders reported lost revenue due to outages or brownouts.

Learn how we applied our proprietary 5S methodology for performance tuning to optimize a fast-food leader’s systems.

7. Migrate to Open Source Platforms

90% of IT leaders are using open-source software in 2021.

Check out how our clients save thousands of dollars moving to open-source databases like PostgreSQL.

2. Review and Optimize Software Licenses

Companies lose 33 – 38% of IT spend to underutilization or waste.

5. Invest in Application Modernization

Up to 80% of a company’s budget can be spent maintaining legacy applications.

Learn how Application Modernization can help you manage your IT budget in our blog.

8. Leverage Fractional Resources

Businesses spend 40-80% of their gross revenue on employee compensation.

Learn more about the benefits of fractional services delivered by Datavail.

3. Archive Data and Consolidate Servers

Archiving can save companies 40 – 68% on data storage costs.

Learn about how we help clients reduce the size of their Oracle EBS storage footprint.

6. Outsource IT Operations

Companies can reduce IT costs by up to 45% by working with managed service providers.

Learn the 7 signs your company needs Database Consulting Services in our blog.

Contact Us to Learn More

Ready to discuss how Datavail’s team can help you implement these cost optimization strategies? Contact our expert team.

Download the White Paper

Approaching IT cost management strategically can enable you to reduce budget within the bounds of your current tech stack. Our data management and analytics team at Datavail saves companies 25% on existing operational costs. We’ve helped organizations of all sizes change their IT department from a cost center to a strategic business.