Trends Report

Tech Leaders: Use Our Report, “Where To Adjust Tech Budgets In The Pandemic Recession,” As A Road Map To Meet Competing Budgetary Pressures

June 1st, 2020
Bobby Cameron, Vice President, Principal Analyst
Bobby Cameron Vice President, Principal Analyst
Andrew Bartels, null
Andrew Bartels

Summary

CIOs and their business partners are facing unprecedented pressures to cut tech budgets in response to the pandemic recession. At the same time, CIOs must maintain or even increase tech spending to help their companies survive, operate, and thrive in these challenging times. For these reasons, CIOs need to execute a structured and holistic review of the total tech budget to find areas for selective cost reduction while still preserving key tech support for the business. Forrester’s report, “ Where To Adjust Tech Budgets In The Pandemic Recession” and the accompanying checklist provide this holistic structure. We provide advice to CIOs, their IT leadership teams, and their business partners on how to use this report’s framework to adjust tech budgets to meet these conflicting pressures.

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