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Optimize Digital Budgets, Service Providers, And Skills — Or Lose The Digital Race

Forrester IT

Forrester surveyed digital business strategy decision-makers globally on their priorities, investments, and organizational structures.

Budget 434
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Many CIOs are better equipped to combat rising IT costs. Are you?

CIO Business Intelligence

Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. Forty-one percent of the CIOs in the survey said they’ve changed their cycle for revisiting IT budgets to at least every month, says Tony Olvet, IDC’s VP of worldwide C-suite and digital business research. Here’s how.

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5 ways to maximize your cloud investment

CIO Business Intelligence

No IT organization wants to get caught short on processing or storage resources that could negatively affect operations, or have to suddenly add resources that exceed the budget. In this way, you can take advantage of the cloud’s agile, on-demand approach with unlimited capacity without breaking the budget.

Cloud 118
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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. Recent research found that application modernization took an average of 16 months. That’s the black swan for gen AI,” Gupta says.

Strategy 140
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The Holistic IT Governance

Future of CIO

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. Next in exactly the same format, show the requested projects for which there are no resources in the current budget.

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What IT executives are saying about vendor consolidation

CIO Business Intelligence

While there is little doubt that companies have been cutting back on expenses generally in response to economic uncertainty, startups in particular have been feeling the pain of contracting budgets and reluctant investors. At this point in time, it needs to be asked whether such a rapid increase in the number of vendors is sustainable.

Survey 110