Enterprises are investing in digital solutions to help them save on infrastructure and operating costs while enabling them to transform their business. “CIOs have evolved their approach from reducing costs to grow the business to a ‘save to transform’ mindset… In today’s increasingly digital world, more and more businesses also recognize the need to transform their operations and capabilities with infrastructure investments.” says Omar Aguliar, Deloitte’s global leader of strategic cost transformation.
These investments are substantial. Global spending on digital transformation will reach $1.18 trillion in 2019, an increase of 18 percent over 2018. Seventy-seven percent of CEOs Gartner polled plan to increase digital technologies investment to help transform their business, while 74 percent intend to boost spending on IT. Cloud, RPA, and AI are examples of digital tools enterprises are using to reduce costs while transforming their business. With cost management complementing digital transformation, CIOs add more value than ever to the business.
Companies want to see the value of their increased spending. Proven IT Finance is consistently recognized by Gartner as a leader in IT Financial Management Services. PITF has helped clients build and mature their TBM solutions to make the cost and ROI of IT transparent. Proven IT Finance will be at the ITFMA Conference in San Antonio from July 15-19. Founding Partner, Craig Hollenbeck and Senior Reporting Analyst, Nicholas Reade will be presenting multiple sessions at the conference. Learn more about the event here.