Most businesses are failing to optimize their IT budgets properly

With the tough economic landscape continuing to affect even more sectors across the world, a growing number of businesses are feeling the pinch. Despite decreasing budgets, new research by Crayon has found an overwhelming majority (95%) of global businesses are failing to fully optimize IT budgets.

The study of over 2,000 IT decision makers (ITDMs), which reflects on the 171,000 layoffs made by 594 tech companies during the first few months of 2023, found that nine in 10 businesses listed IT cost optimization as a high priority.