IT expenditure or IT spending is a key metric that most companies make use of to measure their spending on information technology. The formula for calculating it is simple, the company’s operational expenditure is divided by the company’s total earnings.
A general rule of thumb of how much a company should spend on IT is spending 4% of the total annual IT budget.
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The economic uncertainty resulting from the global pandemic has forced organisations to finely tune their operations and look for ways to cut costs. It is important to ensure any cost savings don’t end up preventing future business growth or adapting…