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IT budgets remain solid, despite tech industry headwinds

CIO Business Intelligence

A report issued Monday by private investment company Bain Capital indicated that, despite the numerous disruptions to the technology industry—including a global supply chain crisis and Russia’s invasion of Ukraine—most IT decision makers foresee either stable budgets or increases for the coming year. Budgeting, IT Strategy

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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. The company is embedding AI into each level of the tech stack it sells to customers, he says. “We

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Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax

GeekWire

Amazon’s Spheres and other buildings at the company’s headquarters campus in Seattle. Now the city is using the surplus to help close major gaps in its budget. million from JumpStart revenue to be reallocated to the General Fund in 2022, up to $71.1 GeekWire Photo / Kurt Schlosser). million in its first year — $48.1

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NASA announces plans to develop second Moon lander, alongside SpaceX’s Starship

The Verge

Today, NASA announced plans to develop a second human lunar lander for its Artemis program, the agency’s major spaceflight initiative to send humans back to the Moon. NASA already holds a contract with commercial partner SpaceX to develop a lunar lander for Artemis, which aims to land the first woman and the first person of color on the Moon.

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Cyberpunk 2077 developer CD Projekt will pay just $1.85 million in proposed class-action settlement

The Verge

Last week, we reported that game developer CD Projekt was negotiating to settle a class-action lawsuit over the infamously botched launch of Cyberpunk 2077 , a game that came riddled with bugs and poor enough performance on consoles that Sony pulled it from the PlayStation Store and many storefronts offered refunds. Image: CD Projekt Red.

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IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector. This includes a significant reevaluation of large ticket items, influenced by developments in 2023 around generative AI, according to Sanchit Vir Gogia, chief analyst and CEO at Greyhound Research.

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Perspectives on how cloud computing & app development trends will take shape in 2023

CIO Business Intelligence

Tanzu Vanguards, which includes leaders, engineers, and developers from DATEV, Dell, GAIG, and TeraSky, provided their perspectives on analyst predictions and industry data that point to larger trends impacting cloud computing, application development, and technology decisions.

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