Categories: Industry

Strategies to thrive and not just survive…

IT financing and asset management strategies to redefine business outcomes

You spent the past 15 months redefining the IT landscape to ensure the business continuity of your organization.  You kept the business running against incredible challenges.  With virtually no warning, you were able to pivot and give your organization what they needed to keep doing business.

But while you survived 2020, guess who else did?  Your competitors.  What are you prepared to do to overcome all the uncertainty that the future holds?  What is your tech investment plan?  It’s time to take an innovative approach – one that both frees you from the past and gives you confidence in the future:

Accelerate innovation: Whether it’s advancing your digital transformation or expanding your digital strategy – flexible financing (question – do we want to use “financing” or “consumption”) and IT asset lifecycle models can create the torque you need. [box type=”info” align=”” class=”” width=””]In fact, a recent survey commissioned for HPE Financial Services by ESG Research* found that 73% of IT leaders have delayed or canceled projects due to uncertainty.[/box]

Fear, like hope, is not a strategy.  It’s critical that you push your innovation projects forward now, while others remain trapped by their own inertia and fears.

Do more with your budget: That means making assets work for you and unlocking additional funds for new initiatives.  You should be leveraging the value of your IT estate and investing in your future through programs such as Accelerated Migration or leveraging Certified Pre-owned equipment.

You’re not alone in thinking about new ways to stretch your budget.  In that ESG survey, 80% of respondents agreed that they are currently under pressure to free up the budget allocated to existing systems.

Boost your sustainability goals: You need to ensure that your lifecycle management aligns to your business goals while maximizing capacity and delivering on your environmental commitments.  Deploying a sophisticated Asset Upcycling program can help your organization with sustainability initiatives while delivering capital for innovative projects.

78% of organizations have formal sustainability goals when it comes to IT asset retirement.  Are you part of that group? If not, what’s your plan?

The same old ways will not create the investment capacity you need to take on the competition.  68% of the respondents to the ESG survey said that the current climate makes it nearly impossible to develop long-term IT strategies due to funding concerns.  Your ability to invest in the tech you need, where you need it, at any time, is what will ultimately create some distance between you and the pack.

The time is now to research and plan your next bold move to pivot from surviving to thriving.

[author title=”Brad Shapiro, Vice President & Managing Director Enterprise Business, HPE Financial Services” image=”https://dev.et-insights.com/dev/wp-content/uploads/2022/01/Brad-Shapiro-Photo.jpg”]

With 20+ years of experience in the financial services sector, Brad currently leads the Enterprise Segment at HPE Financial Services with primary P&L responsibility and leadership of all go-to-market activities.[/author]

ET Edge Insights

Recent Posts

IPL’s rise as a global economic powerhouse

The Indian Premier League (IPL) not only popularised cricket but also transformed its economy. Since…

17 hours ago

From downturn to upswing: Despite Q4 blues, Tech Mahindra stock soars 10% post optimistic FY25 forecasts

In a striking turn of events on the trading floor, Tech Mahindra, a leading global…

22 hours ago

Climate crossroads: $38 Trillion at stake – How businesses can adapt and thrive

2024 paints a sobering picture: extreme weather events are no longer distant threats, but a…

23 hours ago

Advancing aviation efficiency: The FMS and innovative solutions

Precision and efficiency are paramount for pilots navigating the skies. At the heart of achieving…

23 hours ago

Empowering India’s talent to innovate and transform global supply chains

India's supply chains are undergoing a transformation and addressing traditional challenges of inefficiencies and opacity,…

1 day ago