5 Tips For CIOs To Avoid Overspending
2. Benchmark your spending:
Muscarella says that one of the most diverse and complicated market is the IT pricing, as there isn't a public list price available for products and services. So now the CIOs are implementing new techniques called benchmark spending instead of the older straight edge spending. Also the CIOs should keep a good communication line with their peers to formulate a fine IT price for solutions. "They say, 'I'm thinking of buying this product and at 50 percent off, it's pretty good,' but, in reality, 80 percent may be the real spot," he said. "So reaching out to know what's common in the market place for pricing and terms and conditions - what are the key contract terms, especially as it relates to cloud offerings, since you don't own the underlying software."
