Wavestone The IT Leader’s Recession Playbook

CONCLUS ION

CIOs and digital leaders shouldn’t be afraid of taking a detour from or putting on hold their current ongoing digital transformation journey to focus on handling the business impact of the current economic climate. As we’ve seen in this brief, there are many viable approaches IT organizations can take to weather the storm, and all without impeding the progress your team has made thus far. In fact, once the financial markets return to normal, we expect that they would reward growth and profitability more so than just profitability. IT leaders should put on a business leader hat and expand the business continuity plans to handle global crises like the world is facing now. And more than ever, they need to embrace a people- first leadership style to execute actions based on empathy. Take this opportunity to assess your application portfolio and technology landscape to rationalize and prioritize what is critical for handling current challenges.

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