Remove Budget Remove Financial Remove Hardware Remove Storage
article thumbnail

Capitalizing on technology budgets: A CIO’s story

CIO Business Intelligence

While traditional approaches to bridging the profitability gap, like layoffs and budget cuts, can harm company culture, an innovative and practical alternative is capitalizing on technology budgets. However, it’s important to remember that headcount and budget cuts are not the only strategies to streamline costs.

Budget 64
article thumbnail

Should finance organizations bank on Generative AI?

CIO Business Intelligence

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. These conversations are so weighty, they are happening at the boardroom level.

Banking 129
Insiders

Sign Up for our Newsletter

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

article thumbnail

CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO Business Intelligence

To be sure, enterprise cloud budgets continue to increase, with IT decision-makers reporting that 31% of their overall technology budget will go toward cloud computing and two-thirds expecting their cloud budget to increase in the next 12 months, according to the Foundry Cloud Computing Study 2023.

Strategy 123
article thumbnail

Preparing for the Worst: IT Disaster Recovery Best Practices

SecureWorld News

Natural disasters, human error, cyberattacks, and other disruptive events can cause irreparable harm to your organization which can lead to financial loss, reputational damage, or even a complete business shut down. Ensuring tight RPOs means running more frequent backup workflows and increasing backup storage space.

article thumbnail

11 ways to reduce your IT costs now

CIO Business Intelligence

But as digital transformation efforts have intensified in recent years, CIOs have had fewer opportunities to pause and reevaluate IT’s financial situation. The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.”

article thumbnail

Accelerate Sustainable Digital Transformation in the Oil & Gas Industry

CIO Business Intelligence

ii] Furthermore, according to HPE internal data, average storage utilization hovers around 40%. iii] While organizations must plan for usage spikes and failovers, they also have opportunities to clean up workloads, retire unused equipment, and leverage newer, more efficient hardware and solutions.

article thumbnail

9 most in-demand IT jobs in manufacturing

CIO Business Intelligence

The demand for software in manufacturing has only increased, as nearly every piece of equipment or hardware is now connected to the internet in some form — and this has also increased the demand for software engineers. Software engineer. Principal software engineer.