5 Strategies to Help IT Pros Navigate the Downturn
To help you gear up for a healthier 2009, here are 5 top strategies to help network and IT managers navigate the current economic downturn. They are offered by Intelliden Inc., a provider of high-performance enterprise and networking solutions. The theme is a simple one. Don't panic. Be smart!
To help you gear up for a healthier 2009, here are 5 top strategies to help network and IT managers navigate the current economic downturn. They are offered by Intelliden Inc., a provider of high-performance enterprise and networking solutions.
The theme is a simple one. Don't panic. Be smart!
"There is a tendency for companies to simply cut costs and then hibernate to ride out economic recessions," Alan Black, CEO of Intelliden, said of his list. "However, as history has shown, by taking smart, pro-active steps during a downturn, technology managers can help their companies be much better placed when the upturn arrives. The current economic downturn will undoubtedly end at some point and those companies that are leaner, fitter and more innovative will likely have the most to gain from the upturn."
Black's 5 strategies are:
1. Control Costs Without Compromising Your Business
Technology managers need to take advantage of technology that helps them controls costs including greater automation, and recovering stranded or lost network assets, according to Intelliden. For example, automating key network configuration management, as well as automating compliance and provisioning processes lets companies do more with less, the company said.
2. Simplify Your Technology Environment
Intelliden said recessions can be a great time to simplify IT architectures, systems and processes because fewer systems are easier to manage particularly with fewer people. One way to do this is by migrating to commercial-off-the-shelf (COTS) solutions, which means the staff has to be trained on fewer applications, the company said. Adopting industry and technology standards, such as SOA and web services, can also improve the technology environment, Intelliden said.
3. Don't Stop Innovating
Even in an economic slowdown, don't put all innovative projects on hold. In fact, according to Intelliden, new project investments can be worth much more during a slowdown - when competitors may slow down IT investments, leaving your company the lone innovator - and ready to leap forward when the economy jumps back.
4. Look for shorter payback period on your investments
Companies should look for a payback period of 12 months of less on any new technology investments that will make an accelerated impact on the business, according to Intelliden.
5. Secure Your Network and IT Assets
As the economy swings into a downturn, fraud and crime increase, which means the threat of cybercrime, data breaches, hacking, malware, phishing or knowledge theft will peak in activity. In order to protect against cybercrime, companies must implement higher levels of network security compliance, network authentication and other processes to properly protect corporate assets. Companies should also be sure their outsourcing partners meet their security concerns.