As a journalist, I have rewritten the given article to make it unique. Here’s my version:
Effective management of technology budgets can bring significant financial benefits to businesses. This is especially true for tech and tech-adjacent expenditures, which can add up quickly and represent a significant portion of a company’s expenses. These costs include categories like Customer Relationship Management (CRM), cloud and data services, billing, software, network storage, business process outsourcing, telecommunications services, and data center technology.
To achieve substantial savings, businesses often target these costs for reduction. In a recent conversation with Tracy Mozena, the CIO of Atlantic Aviation, she shared her experience in navigating technology budgets. Atlantic Aviation is a leader in aviation ground support services and serves as a compelling case study for the financial benefits that organizations can achieve by effectively managing technology budgets.
Tracy previously ran IT for a management company that owned five businesses. This allowed her to make technology decisions that leveraged economies of scale. However, due to the impact of the COVID-19 pandemic, all of these companies were divested, with Atlantic Aviation being one of the last entities sold and acquired by KKR. Tracy transitioned to Atlantic Aviation as part of this transaction.
In conclusion, managing technology budgets effectively can bring significant financial benefits to businesses. By targeting cost reduction measures on categories like CRM and data services, businesses can achieve substantial savings and improve their bottom line.