Gartner analysts say IT executives are <A HREF="http://www.baselinemag.com/c/a/IT-Management/25-Ways-to-Cut-IT-Costs/?kc=EWKNLNAV041008STR4">frittering away as much as 25 percent of their budgets</A> on unnecessary and redundant customization, and IT departments need to act now to take advantage of cheaper products and services.

According to the analysts, wasteful IT spending is on the decline, but IT will still overspend by at least at 10 percent through 2010. Much of the waste stems from the inability of traditional IT departments to realize savings as they shift from buying and building technology to accessing IT as a service.