
Cost is a key consideration for all businesses. During difficult times, such as the global health crisis and the accompanying economic crisis, controlling cost becomes more urgent and one of the key factors for organisations' long-term success. However, organisations need to think carefully and choose effective means that achieve desired results with minimal disruption to operations.
This white paper series consists of two volumes. It targets decision makers in the private and public sector to draw attention to available modern options for cost optimisation. The series departs from traditional methods of reducing costs and aims to present a different direction. It highlights the role of innovation and the use of technology in optimising costs while immuning organisations from the consequences of crises and global market shocks.
In this first volume, we focus on 3 (out of 6) modern cost optimisation trends. Together, they incorporate the use of emerging technologies and innovative solutions to not only cut cost but also provide other benefits. Such benefits include time saving, risk mitigation, efficiency improvement, and employee and customer satisfaction.