What Spend Management Looks Like in 2024

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When you look pragmatically at the market, lots of companies were looking to go public in late 2021 to early 2022 when things really started to shift toward technology. Companies were looking to become profitable before they actually went public. When you think about being a profitable organization, that means being really efficient with your spend, rather than the previous train of thought of, "growth at all costs". There's been a shift on making sure there's an efficiency of the budget that's being allocated to technology, as in most organizations tech is one of the largest, if not the largest, spend from both the people and software perspective. IT leaders need to be able to make the tough calls and the trade-off decisions about what needs to be prioritized from an implementation perspective.