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HEADLINES & GLOBAL NEWS
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Feb 03, 2021 02:02 PM EST
Essential business principles dictate that decision-makers must cut costs to maximize profitability and invest in company growth. Eliminating wasteful spending and reducing overhead used to focus primarily on tangible infrastructure such as commercial property leases. These days, IT leaders generally agree that businesses can gain similar results by taking advantage of emerging technology. From our perspective, cost-cutting has not come directly into IT, but it has come in other areas through the implementation of better technology, Ilan Sredni, of Palindrome Consulting, reportedly said. The pandemic brought about a relatively large need for a remote workforce. We now have people working from home who are no longer required to have office space. We have seen many clients move into shared office space or reduce their total overhead.