“From a supplier perspective, the most obvious near-term beneficiaries are likely to be computer hardware providers (both PCs and servers) and systems integrators”
At the end of its financial year (March 2019), Transport for London (TfL) has updated its budget expectations for the coming years, writes Tony Cripps, Principal Analyst, Transport & Smart Cities, GlobalData.
The latest draft TfL budget points – not unexpectedly – to a continuation of that rationalisation strategy that started in 2017, with the creation of a centralised Technology and Data (T) Directorate.
In this document, the transport body also shows that it has (impressively) halved its budget deficit during the 2017/18 financial year, and is on track to wipe out the deficit by 2023.
While most of these reductions in spending are attributed to cuts across the organisation, the recent rationalisation and reorganisation of TfL’s ICT estate has contributed greatly, without any discernible loss of capability.
It’s worth noting that TfL achieved this purely from changes to its technology-related operational model and contracts.