CIO Tactics to Mitigate the Impact of Inflation

As per Gartner®, “inflationary pressures continue to hit almost all industries and geographies.” Also, “CIOs will be forced to manage cost control and investment priorities even more closely than before. Although they cannot control inflation itself, they can mitigate some of its effects and coordinate their organization’s response.” “CIOs looking to effectively manage their budgets in response to inflation should:

  • Effectively identify strategically important vendor relationships, talent, and investments and create a plan to protect, nurture & optimize them
  • Extend existing IT budget to fight against inflationary pressure. Ensure all IT consumption is proactively controlled, justified and governed.
  • Minimize and mitigate against increased vendor pricing and the impact of price rises, using effective negotiation and vendor management techniques.”

In this report, Gartner takes a deep dive into these inflation management recommendations and how they can help you mitigate the impact inflation is having on your organization’s most affected budget areas.

Gartner, CIO Tactics to Mitigate the Impact of Inflation, Bryan Hayes, Robert Naegle, 20 June 2022

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