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Businesses 'cutting back on software costs'
Category: Data management
2 July, 2009
More firms are looking to reduce their IT expenditure by cutting back on software spending during the economic downturn, it has been argued.James Rowlands, chief executive officer of Liken, said that there can be risk involved in reducing software spending, as compliance could become an issue for firms.
However, he noted that firms could reap the benefits of productivity and profitability increases by streamlining data management efficiency by removing certain applications.
He commented: "One of the principal drivers for people taking up a formal scheme is to provide them with a framework to actually try and ensure that at least their reputational risk is covered."
Research carried out by Liken recently showed that many companies now feel that maintaining IT budgets at their present level could lead to a dangerous overspend, putting in jeopardy any disaster recovery efforts which they may need to carry out.
As a result, 58 per cent of respondents to an industry survey said that their business was now focusing on cost cutting.
