Remove category surveys-2
article thumbnail

8 strategies for accelerating IT modernization

CIO Business Intelligence

And with infrastructure and application modernization cited as key reasons for CIOs’ budget increases this year, according to the 2024 State of the CIO Survey, that pace is not fast enough. Instead, experts advise using agile principles for quick wins and incremental advancements whenever possible.

Strategy 139
article thumbnail

Is IT Budget Planning Still Too Yesterday

Future of CIO

Effective budgeting management, can flex to changing business needs. However, from a recently released IW survey report, IT budgeting process in many organizations still stuck in the past, half think their company’s budget process isn’t consistently flexible enough for changing business needs.

Budget 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Holistic IT Governance

Future of CIO

It takes strategic and systematic thinking and a holistic IT governance approach in running an Agile IT. Begin with the CIO identifying every component of the cost associated with "keeping the lights on", then the currently approved projects by title, executive sponsor, budget, schedule, and resources dedicated to each project.

article thumbnail

The CIO's Four Views of IT KPIs

Future of CIO

The detailed data becomes a base from which statistical analysis can be performed to do far more accurate financial budgeting projections, based on natural growth rates at a fine-grained level and capacity planning is more accurately predicted too. IT Performance Quadrants Managing stakeholder expectations is key to the success of IT.

Budget 69
article thumbnail

Digital KPIs: The secret to measuring transformational success

CIO Business Intelligence

For example, McKinsey suggests five metrics for digital CEOs , including the financial return on digital investments, the percentage of leaders’ incentives linked to digital, and the percentage of the annual tech budget spent on bold digital initiatives.

Examples 132