This was probably the best session of all, probably because it was the last. However, delaying IT investments to cut cost is probably depended upon how much debt of the business. IT system upgrades are not cheap, but delaying an upgrade can be more costly. I am caught in the middle in my decision. I would not cut costs if upgrading would improve the business. I would cut staff or reduce man hours to invest in IT. It is totally depended upon what the business goals and what is expected of the return.
Increased spending in my car did not make me drive faster. I am still limited to 60mph. It did decrease my gas mileage. Funds that are invested properly in IT systems can bring results. Investing in a system that will be outdated in a couple of years may bring immediate results and additional future costs.
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