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Cutting Back On IT May Cost More

As organizations look to streamline cost, one of the first departments where companies cut back is IT. This is no surprise. Information technology is often funded as a capital expenditure, and not seen as a cost of doing business. Thus, when IT cuts are made, managers can very easily see that expenses have been reduced. This makes sense, right? Actually, this type of action is often counterproductive, resulting in greater costs to the company.