Digital transformation is a reality, and for most companies, the stakes are high: leverage a broad mix of digital technologies to grow and transform the business, or risk obsolescence. This reality is reframing the way companies think about all aspects of IT, including sourcing.
In the digital transformation era, optimized IT sourcing practices can deliver more value to the business than ever before – and that has many companies thinking about IT sourcing transformation.
IT spending is exploding both in terms of budget and number of purchases. There are more stakeholders involved in every transaction. IT buyers are under close scrutiny to make the smartest purchase with the least amount of risk, and to be hyper-responsive to the needs of the business. IT buyers are managing a larger number of vendors, whose own business and licensing/subscription models are changing quickly.
IT buying “excellence” in this landscape is a tall order. But more and more companies view IT buying as a critical value driver – especially when it comes to accelerating digital transformation initiatives.
In today’s IT sourcing landscape, the following challenges are shared by many enterprises:
POOR FORECASTING & VISIBILITY
INADEQUATE IT ASSET MANAGEMENT