The economy has seen a massive downturn since the proliferation of novel coronavirus. It has made C-suite rethink enterprises’ IT budget and slice down a large piece of its pie.
The pandemic has dropped many enterprises to their knees. It has significantly impacted their revenue and has forced them to make harsh decisions. Though businesses have made significant cuts to most of their departments’ budgets, effectively reducing the IT budget that would keep the business afloat is still a question that needs to be addressed. As IT is critical to any businesses’ infrastructure, it is necessary to thoroughly evaluate the requirements and only invest in critical components of an enterprise’s architecture.
Read More: Top 4 Ways CIOs can Slash IT Budgets
Make a downgrade on Upgrades
Software upgrades are essential when it comes to stabling and securing the infrastructure. They help to enhance the IT infrastructure’s security and play a key role in employee and customer satisfaction. But on the flip side, they can be costly when it comes to implementing new features and increasing capabilities. Addition of these features makes sense when there’s a considerable chunk of cash coming. Users’ are already performing their tasks without these features. Integrating them now only results in wastage.
Re-think about Serverless platform
‘Serverless’ is gaining popularity as a lightly used resource. Even though it’s called serverless, it still involves servers hidden under layers. This streamlines the computing as the infrastructure seamlessly takes care of starting up and shutting down of virtual servers when the request appears. Not only that, but the serverless platform also costs a lot less as compared to a dedicated cloud server.
Reevaluate the disaster preparation
Though even having to think of disaster preparation and related budget cuts seems a big no-no, it is essential to reevaluate what is actually critical for IT infrastructure—having a robust, fail-safe database that stores customer’s sensitive data, as well as an infrastructure proprietary documents, are, without a doubt, essential for an enterprise’s survival. But, having the same safety and security in place for social media posts is not. Means, the storage information related to these pieces is not essential to be replicated every few milliseconds. Also, a few keystrokes and databases are not necessary to be tracked and need transaction consistency. Reevaluating and rethinking the essential factors in disaster preparation and recovery can save a lot of investment.
Reevaluate architecture priorities
Delivering a seamless experience to customers is becoming increasingly important. When the money is flowing and customers demand is rising, IT managers focus on metrics such as speed and responsive time. Even being able to save a few milliseconds dramatically enhances the customer’s experience. But, it comes at the expense of adding extra tiers of servers. Not only that, developers also have to develop elaborate networks that are within a closer proximity of users and end-up evaporating a vast amount of IT budget.
If the focus is switched to efficiency, there’s less need for caching and synchronization. Also, slowing things down even by a small margin can save as much as half the computational efforts, resulting in saving a lot of resources and an investment.
During this economic crisis, it is essential to save each and every penny. Above are only a few factors but essential that can help to effectively use the IT budget.