104. IT Economics with Mark Smalley

The IT Experience Podcast

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10M ago 19:28

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Mark Smalley recently wrote an article on LinkedIn about IT Economics that got a lot of attention. Possibly quite surprisingly considering the topic, but as he states that "any self-respecting person in IT should have a certain feeling about the ballpark figure of how significant IT costs in the bigger picture are."

But even more important than costs is the value, how much does IT contribute to more sales, higher prices, lower costs and risks.

If you work in IT, you also work in the context of the wider business, The business spends X amount of money on everything that they do. How significant are IT costs in that whole? You're concerned about your budget, your IT budget and spending, but if you speak with the CFO or the CEO, looking at their bigger agenda, how important is it? How much is IT as a proportion of total business costs?

This episode provides understanding about the economics of IT, a topic that clearly is not discussed enough among IT professionals.

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