When you are running a business, it is important to make sure you stay on top of your IT costs. In today’s world, they can quickly mount and you could be staring at a budget that is far from balanced. You have to work to keep those IT costs down so that you are able to move that money around to other areas. Even better, you will have more capital available for newer projects and product development, which can make you more competitive.
But just how can you do that? Here are six strategies:
Shifting to the Cloud will reduce how much you have to spend on servers and related equipment. It might be somewhat challenging at first, but it will pay off very quickly. For many companies, it can also free up office space. You will be able to reduce your labor costs as well as maintenance fees. At the same time, you will get the benefits of having more CPU space, memory, and more, which can make you more efficient and help you to better serve your clients. You will still have monthly costs, but they will be lower.
Most companies are now moving into automation for many of the day-to-day functions within their businesses, including scheduling, monitoring, application service delivery, and system maintenance. By doing this businesses replace higher labor costs with lower software costs.
In general, IT level work can be done from the outside of your company. Consider hiring freelancers or contractors so that you only have to pay them when you really need their expertise. This also allows you to easily move on to someone else if you are not satisfied with their work.
DevOps and Agile practices break down the walls between IT personnel and software developers. They focus on things like lower failure rates, rapid updates, and faster time-to-market. Investing in them is an easy way to keep money coming in and keeping your system up-to-date.
Containers isolate applications and make them stateless, allowing you to install only what you need. This will make your infrastructure more secure and easier to maintain. Microservices are small applications that run unique processes and make applications easier to develop, understand, and test. Virtualization reduces the number of servers that you need by hosting multiple virtual instances of an operating system on the same machine.
When used together, these support systems are outside of the “traditional” IT infrastructure and will reduce overall costs and keep things running smoothly.
You can work to create service management for customers, partners, and internal users in many parts of your organization, including training, sales, supplier management, human resources, customer service, facilities, and operations.
Once you know where to look, you will quickly start to see more and more places where you can save money on your IT costs.