THE DOWNTURN AS A CATALYST FOR INNOVAT ION
Innovation and cost optimization go hand in hand, with one fueling the other. Innovative solutions bring in the cost savings which in turn can be used for additional innovation in the environment. Strategies that have proven to be successful for certain organizations include:
Performing application portfolio rationalization to reduce application footprint.
Development of microservices for applications.
Adopting SaaS for applications like CRM.
Implementing containers for effective orchestration of microservices.
Adopting DevOps for enhancing the CI/CD pipeline.
Consolidation of IT infrastructure, or sale of infrastructure assets.
Convert the fixed costs of the current IT environment to variable costs with as-a-service options like IaaS, PaaS, and SaaS.
Adoption of non-human interfaces like AI/ML-based chat.
Aggressive adoption of the cloud.
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