Sometimes I wonder if I’m in the field of Human Resources because I’m not intellectually curious.
I received an email from McKinsey & Company inviting me to read an article on the changing face of IT during tough economic times. McKinsey & Company knows stuff before the rest of the world, so I clicked on the link to read the article and [maybe] learn something. Thankfully, I was presented with this summary.
Managing IT in a downturn: Beyond cost cutting
- As the economic slowdown intensifies, companies are looking for ways to cut costs, and IT budgets are a prime target.
- Rather than implement across-the-board cuts, managers should take a more integrated view of how IT is used throughout the business.
- Targeted IT investments can make operations more efficient and increase revenues, delivering returns larger than simple cost-cutting measures typically do.
This article contains the following exhibits:
- Exhibit 1: Investments in technology-enabled business processes can deliver up to ten times the impact of traditional IT cost reduction efforts.
- Exhibit 2: Across industries, technology investments can have a substantial impact in select areas.
Holy crap, it’s like Ambien for my eyes.
You know what, McKinsey — I’m not proud. Thanks for the summary. That’s about all I need.