Sometimes, budget pressures mean you just have to cut costs. Sometimes, cutting costs in one area can give you some financial elbow room to fund something in another. A fifth of all CIOs tell me that they have a mandate to cut network costs in 2023, and another third say they’d be open to doing that if they could fund something else with the savings. Most admit that they don’t have a really good idea of how to accomplish their goal without creating a risk that would potentially overwhelm benefits.
Cutting CAPEX is popular in theory. Of 87 enterprises with cost-cutting interest, 55 said they thought their capital budgets would be an attractive place to start.
