Eight Ways to Avoid Explosive Rises in IT Costs

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The worldwide market for public cloud services is on course to reach $131 billion in 2013, and Gartner predicts that it will exceed $180 billion by 2015. ITAM professionals must be able to provide accurate cost models that compare traditional services with industrialized and cloud services, and be able to explain the comparative benefits and risks. IT procurement professionals need to manage the bypass risk (when IT procurement gets by-passed and the business buys directly), communicate the hidden costs and increased risks of cloud models, develop more robust demand and risk management methods, and negotiate beneficial terms in today's immature cloud contracts.

IT asset cost optimization is a growing concern for IT asset management (ITAM) and IT procurement professionals. Gartner's 2013 CIO Survey shows that CIOs continue to include "reducing the cost of IT" among their top three business priorities. At the same time, ITAM and IT procurement executives face eight disruptive forces that, if not managed proactively, could lead to sudden increases in IT asset costs.

This slideshow features the disruptive forces that could have a significant impact on ITAM and IT procurement professionals, together with advice on how to contain or mitigate them from Alexa Bona, vice president and distinguished analyst at Gartner.


Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

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