The consumer price index, which measures changes in the cost of food, housing, gasoline, utilities, and other goods, rose by 8.3% over the past 12 months in August — a 40-year-high.
You may have also noticed an increase in the cost of vehicles, food, and/or fuel over the last few months. The latest data from the Bureau of Labor Statistics (BLS) shows energy prices are up 41.6% and gasoline alone is up nearly 59.9% over the last year. Used vehicle prices are up nearly 7.1% for the year, and new vehicle prices have increased 11.4%. Food prices have also increased by 10.4% year over year.
We think most business owners and thought leaders have been seeing this trend and working hard to initiate strategies to significantly reduce or contain costs, increase shareholder value and keep customer satisfaction high.
There are lots of places to look, but did you potentially overlook your IT Budget? You may be surprised to know there is tremendous savings in applications, cloud and other technologies you may have in place today.
With Q4 knocking there is still time to impact your 2022 year end budget and get ahead for 2023.
- Amazon Cloud Optimization with a monetary guarantee
- SaaS Management, stop paying for the applications and outdated subscriptions you are no longer using
- Mobility Management with guaranteed bottom-line savings
- Reduce Alert Fatigue on your security team with tools to streamline dashboards and increase efficiency
The technology landscape changes every day and IQ Wired is on the pulse of it. We are able to quickly identify challenges, bring real solutions to the table and assist with cost containment initiatives. Let’s impact your bottom line together!