KEDARit along with business partners Farr Systems, and Bravo Tech sponsored the quarterly CIO Roundtable series. The CIO Roundtable is a peer-based collaboration event about pressing topics facing IT executives today.

It eclipses the value of traditional CIO conferences by providing unmatched access to peer-based content and the chance to build life-long relationships, delivering exceptional value for the time invested.

Topic: IT Cost Saving Strategies 

The group consisted of more than one CIO from Manufacturing, Retail, Communications, Chemical, Transportation, and Oil and Gas industries.

There was an exciting exchange of actionable suggestions, guidance, and solutions that centered around:

• Contract management,
• Telecommunications,
• Outsourcing and in-sourcing, and
• Industry benchmarks.

Here a few of the "Polling Questions" and answers taken during the session.

• What are your Telecom costs as percent of IT budget?
  • 58% of CIO's said 10% or less
  • 8% of CIO's said 15%
• Have you brought back in-house Outsourced IT functions this year?
  • 17% of CIO's said "yes" with savings ranging from 40% - 50%
• What is your cost of IT as a portion of gross company revenue?
  • 16% of CIO's said less than 1%
  • 41% of CIO's said less than 2%
  • 8% of CIO's said less than 3%
  • 10% of CIO's said less than 4%
  • 25% of CIO's said greater than 5%
• Have you done Outsourcing within your IT shop?
  • 41% of CIO's said they had Outsourced some or major portions of IT

Charles @ 17:23