Only 12% of Indian enterprises have a fully consolidated view of IT spend: Cognizant report
Cognizant recently unveiled a new report focused on India titled “Smarter IT spend: From cost control to cost intelligence.” The report reveals that while technology investments are rising across industries, most enterprises lack an enterprise-wide unified view of IT spend, limiting their ability to translate technology investments into measurable business outcomes.
Technology spends are becoming increasingly distributed across platforms, tools and business units making it harder for enterprises to track, manage, and optimize IT spend effectively, noted the report based on a survey of 105 senior business and technology leaders across India.
Disconnected data across systems, tools, and vendors prevents organisations from building a consolidated, enterprise-wide view of IT spend, slowing decision-making and limiting the ability to reallocate budgets as priorities evolve.
The research reveals significant disparities in IT spending visibility across industries and categories. While the manufacturing sector has demonstrated marked progress toward consolidated, unified IT cost visibility, key...
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