{"id":9699,"date":"2019-12-09T07:00:00","date_gmt":"2019-12-09T15:00:00","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=9699"},"modified":"2019-10-15T07:28:53","modified_gmt":"2019-10-15T15:28:53","slug":"it-spending-financing-new-initiatives-by-reducing-it-waste","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/it-spending-financing-new-initiatives-by-reducing-it-waste\/","title":{"rendered":"IT Spending: Financing New Initiatives by Reducing IT Waste"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">How much are businesses spending on IT? 8.2 percent of revenue, according to a <a href=\"https:\/\/info.flexera.com\/SLO-REPORT-State-of-Tech-Spend-2020\">report by Flexera<\/a>.  And even slightly more, 9.3 percent of revenue, for businesses with more than 10,000 employees.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Top priorities for spending include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Digital Transformation<\/li><li>Cybersecurity<\/li><li>Customer experience<\/li><li>Migration to the cloud<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The report finds that as much as 30 percent of the IT budget is wasted or at least not being efficiently used.  The suggestion is to try to get a handle on waste to free up dollars that can then be applied towards new initiatives, like digital transformation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Companies that invest time and resources in this effort stand to achieve significant return on investment through the cost savings afforded by IT spend optimization.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"389\" src=\"http:\/\/formtek.com\/blog\/wp-content\/uploads\/2019\/10\/image-2.png\" alt=\"\" class=\"wp-image-9700\" srcset=\"https:\/\/formtek.com\/blog\/wp-content\/uploads\/2019\/10\/image-2.png 768w, https:\/\/formtek.com\/blog\/wp-content\/uploads\/2019\/10\/image-2-300x152.png 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><figcaption><a href=\"https:\/\/info.flexera.com\/SLO-REPORT-State-of-Tech-Spend-2020\">Flexera: 2020 State of Tech Spend<\/a><\/figcaption><\/figure>\n\n\n\n<p 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Top priorities for spending include: Digital Transformation Cybersecurity<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/formtek.com\/blog\/it-spending-financing-new-initiatives-by-reducing-it-waste\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-9699","post","type-post","status-publish","format-standard","hentry","category-cloud-computing"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=9699"}],"version-history":[{"count":1,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9699\/revisions"}],"predecessor-version":[{"id":9701,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9699\/revisions\/9701"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=9699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=9699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=9699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}