Economies around the world are slowing down, and companies are looking for ways to trim spending and improve the bottom line. Although information technology often represents a small fraction of the corporate cost base, senior executives inevitably turn their attention to IT budgets for substantial contributions. Yet in some instances, IT investments deliver more value to a company's top and bottom lines--by creating new efficiencies and increasing revenues--than any savings gained from traditional IT cost cutting.
Source: McKinsey Quarterly
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