Companies will prioritise efficiency over growth
As costs rise and the UK moves towards recession, companies will put more weight on saving through efficiencies than bringing in new money via growth.
Best-of-breed has been a watchword for technology for more than a decade. While every CIO wanted that single pane of glass view, they often found that the productivity gains of using multiple tools from different vendors outweighed the cost savings of keeping everything on one platform.
With inflation climbing and the economy teetering, that could be about to change. Just as they did post-2020, companies will enter a period of consolidation where they focus on perfecting and streamlining existing tools, cutting out single-use services in favour of those that can handle multiple tasks.
"Companies will start to retire some of the tools they use in favour of investing in other technologies that can absorb multiple services," says Jim Liddle of Nasuni. "Not only will consolidating tech help businesses to save money in the longer term, but it will also remove complex infrastructure, improving access and security."
