Public sector organizations are constantly asked to do more with less. According to a recent Public Technology Institute report, 88 percent of city leaders expect a budget shortfall, and the same goes for education, with educational institutions cutting five to 30 percent of their budgets. The current climate has only exacerbated this issue. As we head into 2021, public sector organizations are looking to recoup funds to offset budget shortfalls and use these funds to meet ever-changing needs. To do this, organizations should look to cost optimization solutions.
Organizations may have tried short-term, cost-cutting efforts in the past, but long-term cost optimization is less common, even though it’s more successful, explained Gary Buonacorsi, Chief IT Architect, SLED Chief Technology Officer, Tanium. With the right partner, cost optimization is made easy with a focus on the entire organization. “Most governments don’t think about it as a continuous process. It’s looking at your environment, and seeing where you can reduce, simply, and rationalize your services, process, and infrastructure,” he shared in a recent webinar.
“Against this backdrop, the IT organization offers a significant potential for cost savings as well as an opportunity to drive long-term efficiency by eliminating outdated technology and processes, gaining better visibility into the organization’s resources and centralizing/consolidating operations and security,” shared Buonacorsi in a recent blog. For organizations to achieve this optimization, they need to focus on a few key things: understanding and simplifying the IT environment, centralizing operations, and strengthening security.
Organizations that have taken these focuses seriously have realized immense cost savings. Buonacorsi shared that a number of state and university systems have used cost optimization solutions to enhance budget planning, speed cloud migrations, and centralize data. A large mid-western state has seen over $162 million in documented savings, according to Buonacorsi.
“State and local governments and educational institutions can reclaim underutilized assets, consolidate and save, and reduce support costs,” he said.
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