Unlocking Savings through Effective Management of Technology Budgets: A Lesson from Tracy Mozena of Atlantic Aviation

As a journalist, I have rewritten the given article to make it unique.

Effective management of technology budgets is crucial for businesses to achieve substantial savings. This includes categories like Customer Relationship Management (CRM), cloud and data services, billing, software, network storage, business process outsourcing, telecommunications services, and data center technology. These costs represent a significant portion of a company’s expenses, making them a target for reduction in order to achieve substantial savings.

In a recent conversation with Tracy Mozena, the CIO of Atlantic Aviation, she shared her experience in navigating technology budgets. Atlantic Aviation serves as a compelling case study for the financial benefits that organizations can achieve by effectively managing technology budgets. Tracy previously ran IT for a management company that owned five businesses, allowing her to make technology decisions that leveraged economies of scale. However, due to the impact of the COVID-19 pandemic, all of these companies were divested, with Atlantic Aviation being one of the last entities sold and acquired by KKR. Tracy transitioned to Atlantic Aviation as part of this transaction.