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Key strategies for effective cost management Mature operating models and digital: Organisations with advanced operating models see up to 38% higher customer engagement and up to 30% cost reduction through digital Data and infrastructure: Firms that optimise their data management and shift to cloud can achieve up to 50% reduction in IT costs Execution and spend management: Effective programme management and spend optimisation can lead to 35% decrease in overruns and 20% reduction in 3rd party spend Cost conscious culture: Organisations that foster a cost- conscious culture typically see a 15% increase in cost saving year on year.
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