Innovative approaches to cost management

This paper examines modern approaches to cost management with a focus on innovative technologies and strategies. It discusses key areas, including the digitalization and automation of processes, the use of data analytics, cloud technologies, outsourcing, and the architecture of sustainable development. The research explores how these innovations help companies optimize their expenses, enhance operational efficiency, and ensure competitiveness in the market. The study emphasizes the importance of integrating modern technologies into the cost management strategy to achieve sustainable growth and improve financial performance.