10 Ways to Reduce IT Costs through Dramatic Savings

Well-managed informational technology is a vital component of a successful company, but also one which can be quite expensive to upkeep. As the cost of IT services continues to rise, the necessity for such work is going nowhere fast. The considerable cost of IT services may seem like a necessary burden; however, it is possible to balance budgetary concerns and your company’s ever-present need for the highest quality IT work.

We have created ten ways below in which you can dramatically reduce your company’s IT costs:

#1 Utilize Cloud Computing:
Through the use of the cloud, you not only minimize expenses as regards purchasing hardware but also as regards the labour and upkeep for said hardware.

#2 Decoupling Your Software Systems:
If the various systems and applications that your company uses are too interdependent (Legacy Systems), when one suffers, they all suffer, meaning more work for your IT specialists. By decoupling, you can minimize the amount of maintenance required when one system needs to be fixed or updated.

#3 Use Open Source Software:
It is more likely that right now, your company is either spending too much money on software licenses. Or too much money developing your own. By using open-source software, you save on initial costs, can modify the software for your own needs, and have more maintenance options if issues arise.

#4 Do Not Neglect Contractor Costs:
You may be spending more than you need to on contractors. Take inventory on the amount you are spending on contractors and attempt to renegotiate for better prices where you can.

#5 Minimize Turnover Rate:
It is well known that hiring and training new employees can be a costly burden on a company. Improve your workplace culture as much as you can to prevent a high turnover rate and minimize recruiting costs.

#6 Reduce Hardware Costs:
This may seem a common sense; however, it isn’t a common practice. Hardware lasts a long time, so when purchasing new equipment, it is prudent to consider both initial cost and longevity.

#7 Be Wary of Software Maintenance:
Similarly, to how you should act with hardware, it is also essential to consider the long-term costs of the software that you use. Obsolete software can be more of a financial burden to maintain than it would be to upgrade to newer versions.

#8 Reduce Your Project Load:

Cutting non-essential projects is a dependable way to ensure that you do not overwhelm your current staff and have to depend on additional labour, which will help keep costs under control.

#9 Training and Development: Hire New College Graduates:
As salary is mostly dependent on previous experience, hiring recent IT college graduates and train them is a great cost-saving measure. Newly graduated students will accept lower pay than seasoned professionals, and what they are lacking is industry experience they make up for in ambition and moldability.

#10 Enable Simpler Troubleshooting:
Many individual problems which fall into the hands of IT specialists could be resolved quickly by the person asking for assistance. By creating ways for people to more easily troubleshoot their problems, you can reduce the amount of time and labour your IT specialists spend on menial tasks.

Conclusion

By enacting one or several of these measures in your organization, you’ll start seeing reductions in your IT costs in no time. Preserving the quality of your IT work is a top priority. Still, these tips and tricks will keep your business performing at the same high level your clients expect while also saving you significant time and money, making it a win-win for contractors and IT managers alike.

If you’d like to know more about how to ensure your business continuity is protected, please visit our website www.cxportal.com, where you’ll find lots of useful information. Alternatively, if you’d like to speak to a member of our team, call us now on +442034416513 and we’ll do everything we can to help.