Cognizant Cost Intelligence Research Report

Technology cost intelligence report

Cognizant’s latest research, in partnership with IDC, highlights the evolving role of modern CIOs in shaping business strategy. No longer just operational overseers, they are now strategic value pathfinders.

The study reveals that to lead digital transformation effectively, cost intelligence is essential to address critical business risks such as digital execution gaps, cybersecurity threats, and rising AI costs.

By shifting focus from merely managing costs to driving measurable business outcomes, CIOs can channel savings into innovations that drive future growth. This research explores how organizations can enhance IT effectiveness by leveraging insights tailored to the needs of modern CIOs.

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73% of executives lack full visibility of technology spending, and 69% miss optimization opportunities by not benchmarking IT expenditures against industry standards.

Cost and value diagnostic

A rapid, enterprise-wide diagnostic to identify changes needed to reduce costs and drive faster value. It includes observations and recommendations on technology cost baseline, cloud and application optimization, value management, engineering excellence, architectural simplification, and workforce partnering.

Current spend & peer comparisons

Gain visibility into total IT spend and technology estate. Track efforts to reduce application-driven costs. Use cost transparency data to link technology and operations spend to business services and capabilities.

Cost optimization actions

Identify cost-saving opportunities, streamline technology investments, enhance operational efficiency, and drive value through strategic cost management and innovative solutions.

Case studies

Leading transformation: $10M savings, reduced outages

We helped a global pharmaceutical company in significantly enhancing their customer portal's reliability. By reducing outages by 50% and saved $10M. Our observability platform and agile collaboration also boosted automation, ensuring a seamless and efficient user experience.

Revamping IT strategy to enhance efficiency and reduce costs

A regional insurance company was struggling with high IT costs and underutilized platforms. We collaborated with them to realign their IT strategy, identify cost-saving opportunities, and develop a comprehensive 3-year roadmap.

Ready to start your journey?

Cognizant is here to help you take control of your technology costs.

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