Today's technology executives are potentially facing some of the most severe economic headwinds of the past decade. Technology services are more important than ever to help companies increase revenue while decreasing costs.The bottom line is that companies can no longer afford to use a “trial and error” approach to working through their business challenges. Every single dollar spent is incredibly important.This paper has two core purposes:Provide an update to the current performance of the technology industry as of Q4 2022, including core metrics for TSIA’s services research practices.Provide the reader with insights on how their company can reduce costs without across-the-board headcount reductions while growing top-line revenue.