Epik Cisco Premier Partner Logo

Managing Flat IT Budgets & Increased Workload

Updated: March 3, 2017

Median IT budgets for 2017 are not looking as promising or optimistic as we’d hoped. In fact, according to a survey conducted by CEB Inc this past October, budgets are expected to remain flat – how can companies stay efficient while managing a steadily increasing workload under such tight conditions?

For many businesses, the largest portion of IT spend is directed toward the following: Data Center, Application Development, Application Support, and End-User Computing, claiming approximately 68% of IT resources. With budgets plateauing, companies need to take a hard look at current expenditure to eliminate low-value activities and under-utilized assets.

Leverage Cloud Services

An external cloud-based service provider takes care of the updates within the cloud, its own app development, and offers support where needed on their end. Furthermore, it eliminates the need for leasing and replacing expensive equipment. This creates space in the budget to allocate funds towards revenue-building initiatives and mission-critical projects. For example, switching to Hosted Voice over IP from traditional end-of-life On-Premise PBX systems has allowed companies to redirect their spending.

Streamline & Enhance Performance

Consolidate, centralize, modernize, and standardize your technologies through a single application and single provider for a range of services. On average, organizations spend 30 hours just consolidating asset inventory data whenever they prepare for a major audit; this demonstrates how many resources are wasted when each service a company uses is managed by a separate entity or supplier. Services like Unified Communications offer a number of powerful features for a single bill, one number to call for support and one network that gives employees access to voice, video, and instant messaging across mainstream mobile (tablets and phones) as well as computer-based platforms (PCs and laptops).

Rethink CapEx

Some technologies such as your company’s telephony can be switched to pay as you go based on usage. This will eliminate the need to invest in capital expenditures as well as high maintenance and replacement costs. Investigate other capital expenditures that your company could benefit from moving to an operational expense.

Make the Most of Financial Constraints

Where companies are observing cuts and stagnant IT budgets across the board, it is crucial to make the most of your resources. It’s time to take a proactive route rather than a “wait and see” approach. As an IT leader, you need to ensure costs reflect business priorities and move the organization forward to succeed in the market.

Notification

COVID-19 Update: See Epik Networks response to support our customers. We’re offering free Cisco WebEx Work-from-Home Solution to everyone.

Prefer to speak to a real person?
Start a call or chat instead
Ms Society Logo Transparent
“It worked flawlessly out of the gate. Everything was easy to set up, the reliability was there and when we did the cost benefit analysis it really made good business sense to move onto that platform. And we haven’t looked back...”
David Arbuthnot
VP Information Technology, MS Society
Let Us Tailor a Solution for You for Free.
We can help you make your next IT project successful, profitable, and secure. 
Prefer to speak to a real person?
Start a call or chat instead
Free Webex Covid 19 Featured 800x419
Get Webex FREE for 90 Days
For a limited time, and in response to the global pandemic, Epik Networks and Cisco are offering free Webex licenses for 90 days. Get your free Webex license today.

Notification

COVID-19 Update: See Epik Networks response to support our customers. We’re offering free Cisco WebEx Work-from-Home Solution to everyone.

crosswarning linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram