Cost-cutting strategies for CIOs

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  • coopetition (co-opetition)

    Coopetition is a business strategy that uses insights gained from game theory to understand when it is better for competitors to work together.  

  • cloud bursting

    Cloud bursting is an application deployment model in which an application runs in a private cloud or data center and bursts into a public cloud when the demand for computing capacity spikes. 

  • reorganization (reorg)

    Reorganization, in a business context, is an overhaul of a company's internal structure.  Companies go through reorganization for various reasons. Purposes include improving efficiency, cutting costs, repositioning the business, and dealing with corp... 

  • fractional CIO

    A fractional CIO is a high-level consultant who specializes in aligning information technology (IT) with business goals. Quite simply, a fractional CIO works for a fraction of the time, at a fraction of the cost it would take to hire a full-time exec... 

  • reshoring

    Reshoring is the practice of bringing outsourced personnel and services back to the location from which they were originally offshored.  

  • great recession (Great Recession)

    Great recession is a label used by journalists and  economists to describe a severe, prolonged economic downturn. 

  • shared services

    Shared services is the consolidation of business operations that are used by multiple parts of the same organization.   

  • IT outsourcing strategy

    An IT outsourcing strategy is a plan derived from assessing which IT functions are better performed by an IT outsourcing service provider than by an organization's internal IT department. 

  • corporate social responsibility (CSR)

    Corporate social responsibility is an umbrella term used to describe voluntary corporate initiatives concerned with community development, the environment and human rights.  

  • skunkworks (Skunk Works)

    A skunkworks is a group of people who, in order to achieve unusual results, work on a project in a way that is outside the usual rules.