The COVID-19 pandemic has quickly shown the importance of technology for businesses of all sizes.

In today’s uncertain economic climate, leaders must move with speed to cut costs and right-size expenditures. Every business leader is asking where do I cut and where do I prudently expand? Information technology is both a critical enabler for 21st century business, while also one of the largest ongoing costs for companies after labor. One thing is clear just a few months into COVID-19 pandemic: technology is now more important than ever for nearly every industry. But how do you strike the right balance on technology investments?