How Digital Technology Is Transforming Cost Management

Print

Digital technologies do more than cut costs. They can drive strategic growth, says Wharton’s Christopher Ittner. When companies talk about cost management, their focus typically is on slashing their current expenses. But in today’s digital era, cost management has taken on a new hue: It provides a strategic lever to generate savings that can be invested in driving growth. Christopher Ittner, who chairs the accounting department at Wharton, recently co-authored a paper titled, “Cost Management in the Digital Era,” with Omar Aguilar of Deloitte Consulting. Ittner says: “Using cost management as a strategic lever, as opposed to a defensive response, opens up new opportunities.” In a conversation with Knowledge@Wharton, Ittner discusses how companies can leverage digital technologies for cost management in a proactive way. *[This feature was originally published by Knowledge@Wharton, a partner institution of Fair Observer.] The views expressed in this article are the author’s own and do not necessarily reflect Fair Observer’s editorial policy.

FO° Live: Make Sense of the New Israel–Iran Clash

May 21, 2024

FO° Talks: Where Is Ukraine Headed Now? What Does Europe Think?

May 19, 2024

FO° Exclusive: Indian Elections — Mammoth and Unparalleled

May 08, 2024

FO° Exclusive: US Congress Gives Ukraine Sizable, if Not Timely, Aid

May 06, 2024

FO° Exclusive: Conflict in the Middle East Is Now Dangerous

May 04, 2024

FO° Talks: France in Crisis: Macron Now in Bed With Far-Right

April 27, 2024

FO° Talks: Where Is French Immigration Law Heading Now?

March 28, 2024

FO° Talks: Celebrity Culture: More than a Figment of our Imagination

March 24, 2024

FO° Talks: Starvation Now Threatens Millions of Displaced People in Sudan

March 21, 2024

FO° Talks: US Immigration Policy Has Now Reached a Complete Impasse

FO° Talks: Israel’s Invasion of Gaza Will Not Be Over Quickly

February 27, 2024

FO° Talks: Pakistan’s New Election Might Have Been Rigged

February 23, 2024

FO° Talks: Make Sense of the New Central Europe and the EU

February 20, 2024

FO° Talks: Making Sense of the World Through a Swiss Lens

January 19, 2024

FO° Talks: Make Sense of the Crazy Venezuelan Crisis

January 18, 2024

FO° Talks: Spain’s Sánchez Shows How to Make Victory Out of Defeat

January 06, 2024

FO° Talks: Daring Houthi Assaults in the Red Sea Threaten World Trade

January 04, 2024

FO° Exclusive: China’s Worsening Deflation Now Spells Big Trouble

January 03, 2024

FO° Exclusive: Houthis Cause Chaos in the Red Sea

December 29, 2023

FO° Talks: Peacemaker, Warmonger, Genius: The Titanic Legacy of Henry Kissinger

December 24, 2023

 

Fair Observer, 461 Harbor Blvd, Belmont, CA 94002, USA