How to reduce IT costs your business

For small businesses, cost-cutting initiatives are a top priority; how can you do more for less? IT costs are an expensive component of any organisation’s budget. However, cost reduction can be difficult when so many technologies make up your business.

An example of a cost-cutting effort you could make is outsourcing instead of increasing employee headcount. Labor costs alone take up a huge chunk of your annual IT budget. So instead of increasing your in-house team to help with day-to-day issues, you might want to consider professional services. Not only will this help save money on the bottom line, but it will give you access to a wide variety of skills and advice.

This 30-minute masterclass offers short- and longer-term suggestions for reducing the IT budget. We cover topics such as:

• Hardware lifecycle management: Downtime and lost productivity are more expensive than the cost of replacing hardware.

• Licensing: Software licensing is expensive and monthly costs directly impact OPEX.

• Cybersecurity: The cost of a cyber security breach can be astronomical, from brand damage to GDPR fines and lost productivity.