Surviving the 2021 recession: Where to swing the axe
Conclusion: The coming global recession will see ICT budgets cut, or at least constrained, in the 2021 financial year through to 2023. CIOs are now inundated with advice that boils down to this singular direction for efficiency and mostly, for survival. Although sound, this advice does not take into consideration that many CIOs have long been practising cost-efficiency. Many IT shops are already cut to the bone.
IT projects will be on the chopping block. Hence, it is crucial to prioritise now – before the cuts are mandated – which IT projects can be shelved for a few years without unacceptable risks to the organisation. It is important to note here that postponing or cancelling projects is being framed as a business risk decision. The CIO’s role is to put forward the risks of delaying or killing off a project, not to be the sole arbitrator.
About The Advisor
Dr. Joseph Sweeney is an IBRS advisor specialising in the areas of workforce transformation and the future of work, including; workplace strategies, end-user computing, collaboration, workflow and low code development, data-driven strategies, policy, and organisational cultural change. He is the author of IBRS’s Digital Workspaces methodology. Dr Sweeney has a particular focus on Microsoft, Google, AWS, VMWare, and Citrix. He often assists organisations in rationalising their licensing spend while increasing workforce engagement. He is also deeply engaged in the education sector. Joseph was awarded the University of Newcastle Medal in 2007 for his studies in Education, and his doctorate, granted in 2015, was based on research into Australia’s educational ICT policies for student device deployments.