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'We have helped several optimize IT spending'

'We have helped several optimize IT spending'

Simon Webb, global head for IT Strategy Practice of TCS, spoke to Anusha Subramanian on the concept of Optimise IT and how TCS is using it in recessionary times.

Simon Webb, global head for IT strategy practice of TCS
Simon Webb
Simon Webb, global head for IT Strategy Practice of TCS, spoke to Anusha Subramanian on the concept of Optimize IT and how TCS is using it in recessionary times. Excerpts:

What is Optimise IT?
Optimize IT is a business solution that helps create effective and efficient IT functions to drive greater business value from technology. Today, IT executives in India face the challenge of meeting cost and agility demands from business partners since most of their cost is in “running the business” (80 per cent), leaving little for “changing the business”. This is where Optimize IT helps by reducing cost base and improving processes and related activities.

How is a client benefitted?
First, we baseline the current IT landscape by benchmarking their IT spend with industry standards to identify opportunities. Then we help the client release funds from IT operations by adopting solution levers such as demand optimization or workforce harmonisation. Finally, we help them leverage value by identifying unfulfilled stakeholder needs.

Any examples to share?
We offered Optimize to a US commercial bank. The successful implementation resulted in short-term MIPS savings of 7.5 per cent and annual savings of $1 million for the bank.

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