Technology leaders are grappling with an increasingly difficult challenge: Managing rising technology costs while supporting innovation, AI adoption, and long-term business growth. CEOWORLD recently published a thought leadership article from GDT chief financial officer Fachtna Keohane, who explores how organizations can take a more proactive approach to technology planning to improve financial predictability and reduce risk.
In the article, Keohane explains why technology purchasing decisions should no longer be driven by looming refresh cycles, end-of-support deadlines, or emergency replacement needs. Instead, he advocates for treating technology lifecycle planning as a strategic business discipline that aligns IT investments with financial objectives and operational priorities.
The article highlights six practical strategies organizations can use to improve cost control and increase resilience, including:
- Creating visibility into technology assets, contracts, support coverage, and renewal timelines before they become business risks.
- Planning technology refreshes well in advance to increase flexibility, improve negotiating leverage, and avoid reactive purchasing.
- Simplifying vendor contracts and eliminating duplicate spending to improve cost predictability.
- Reducing emergency purchases and minimizing operational disruption through proactive lifecycle management.
- Regularly evaluating vendor relationships to maximize business value.
- Aligning IT, finance, and procurement around shared data to support more informed investment decisions.
These recommendations reflect a broader shift occurring across the industry. As supply chain volatility, evolving vendor pricing models, and growing AI infrastructure demand continue to reshape technology investments, organizations that plan earlier and make decisions with greater visibility are better positioned to control costs while supporting future growth.
Read Fachtna Keohane’s full article in CEOWORLD: How CEOs Can Control IT Costs Amid Rising Technology Prices and Supply Chain Disruptions.
