CIOs: 8 ways to trim IT budgets
Tech Republic Cloud
JUNE 5, 2020
These eight areas will net fast budget reductions with minimal disruption to the business and headcount.
Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax
GeekWire
NOVEMBER 29, 2022
Now the city is using the surplus to help close major gaps in its budget. ” Seattle already faced operating deficits of $141 million for 2023 and $152 million for 2024 before the budget planning process began this fall. . (GeekWire Photo / Kurt Schlosser). million from the General Fund, and $4.5 Impact of industry layoffs.
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Google Cloud growth slows as Alphabet net income plunges
CIO Business Intelligence
FEBRUARY 3, 2023
Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 billion, up just 1% from $75.3
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How Splash Made a Splash at Dreamforce (on a Budget)
The Investing Edge
DECEMBER 21, 2017
For startups who don’t have the budget to buy a booth, take over a coffee shop, host a concert, or send the whole company to San Francisco for a week, this is an especially helpful guide on how to get the best return on a conference like Dreamforce. This is how the costs broke down: 1. To Booth or Not to Booth?
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Seattle lawmakers axe funds for gunshot detection tech that was part of mayor’s public safety push
GeekWire
NOVEMBER 30, 2022
billion city budget for 2023 will not include funds sought by Mayor Bruce Harrell for gunshot detection technology. The Atlanta Police Department announced last week that it was passing on the technology after a six-month trial because it doesn’t haven’t room in its budget for the system. ShotSpotter Photo). During an Oct.
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Cloud set to net a larger share of enterprise IT budgets in 2017, predicts 451 Research
Computer Weekly
NOVEMBER 15, 2016
451 Research's cloud and hosting market review suggests enterprise IT decision makers are preparing to ramp up with use of cloud and hosting services in 2017
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Seattle office market continues to struggle as vacancy rates rise for ninth consecutive quarter
GeekWire
APRIL 4, 2024
It also marked the ninth straight quarter of negative net office absorption, which is calculated by the total amount of space leased minus the total space vacated in a given quarter. A struggling office market could have implications for the city’s tax revenue, especially with a budget shortfall.
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On An Agile scaling journey ? Take our survey to find out how you are doing.
Forrester IT
JUNE 12, 2017
So in addition to successful Agile team practices, alignment with business stakeholders upstream and downstream with testing and operations, we are looking into more Agile at scale issues like budgeting and DevOps. Software development leaders continue to buy into Agile--while they eradicate traditional waterfall style development.
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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds
CIO Business Intelligence
APRIL 25, 2024
One of the main difficulties is calculating ROI to convince CFOs to approve budgets, and this challenge is also present when considering AI adoption, according to Abhishek Gupta, CIO of Dish TV. Quantifying tangible benefits such as cost savings, productivity improvements, and top-line growth is relatively straightforward.
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Recent grads working in tech are migrating to Seattle more than any other U.S. city
GeekWire
AUGUST 29, 2023
Seattle saw positive net migration for tech and finance talent from both 2021 to 2022 and 2022 to 2023. But a recent budget report from the City of Seattle warned that Seattle faces stronger economic headwinds compared to the rest of the country due in part to its reliance on the technology industry.
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On An Agile scaling journey? Take our survey to find out how you are doing.
Forrester IT
JUNE 13, 2017
So in addition to successful Agile team practices, alignment with business stakeholders upstream and downstream with testing and operations, we are looking into more Agile at scale issues like budgeting and DevOps. Software development leaders continue to buy into Agile--while they eradicate traditional waterfall style development.
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Gates Foundation gives millions to help persuade ultra-wealthy donors to give more of their billions
GeekWire
JANUARY 23, 2021
In October 2020, The Bill and Melinda Gates Foundation gave $5 million to the TED Foundation’s Audacious Project to “research and overcome barriers to large scale giving by ultra-high net worth donors.”. A lot of ultra-high net worth people are still in the act of running their businesses,” says Cecilia Conrad, CEO of Lever for Change.
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‘Baby bond’ legislation aims to address wealth gaps in Washington state
GeekWire
FEBRUARY 8, 2023
One in ten Washington households have zero or negative net worth, while 36% have a net worth of $500,000 or more, the report found. Household net worth in Washington State and the U.S. The data reflect longstanding wealth gaps in the U.S. 2022 Washington Future Fund Committee Report Chart; U.S.
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T-Mobile to acquire Mint Mobile for $1.35B and tap into owner Ryan Reynolds’ marketing skills
GeekWire
MARCH 15, 2023
T-Mobile is acquiring the brands’ sales, marketing, digital, and service operations, and plans to tap into Mint’s marketing expertise to reach new budget-conscious customers. million postpaid net account additions in 2022, both record highs. owner of the brands Mint Mobile and Ultra Mobile, in a deal worth up to $1.35
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F5 lays off 623 employees, plans office consolidation to cut more costs
GeekWire
APRIL 19, 2023
There will be further cuts to travel and expense budgets. Non-GAAP net income increased to $154 million from $131 million in the year-ago period. Locoh-Donou said he will forgo his annual cash bonus for the current fiscal year, while the executive leadership team will reduce their bonuses by 70%.
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11 ways to reduce your IT costs now
CIO Business Intelligence
DECEMBER 5, 2023
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.” The need to reorient IT’s budget toward future opportunities is one big reason CIOs are reviewing their IT portfolios now. But it’s not the only one.
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Jeff Bezos says no thanks to Bernie Sanders’ request to testify on income inequality
GeekWire
MARCH 12, 2021
Amazon founder Jeff Bezos will not testify at a Senate Budget Committee hearing on income inequality next week — a decision that comes hours after Senator Bernie Sanders of Vermont invited the billionaire to share his thoughts on the matter, reports CNBC. ” The hearing is slated for March 17.
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Airbnb valued at $100 billion following blockbuster IPO — equivalent of more than five Expedias
GeekWire
DECEMBER 10, 2020
. “Many of our current and potential competitors enjoy substantial competitive advantages over us, such as greater name and brand recognition, longer operating histories, larger marketing budgets, and loyalty programs, as well as substantially greater financial, technical, and other resources,” the company wrote. billion in 2019.
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Apple reportedly told a TV and movie workers’ union its TV Plus had fewer than 20 million subs
The Verge
SEPTEMBER 25, 2021
Workers on certain ‘new media’ streaming projects get paid less, even on productions with budgets that rival or exceed those of traditionally released blockbusters,” according to a press release IATSE posted on Tuesday. Apple said in July that it had a net profit of $21.7 billion on $81.43
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The new CFO: How AI has changed the game for chief financial officers
CIO Business Intelligence
DECEMBER 11, 2023
Nearly half of the companies (47%) recently surveyed by CNBC say that AI is their top priority for tech spending over the next year, and AI budgets are more than double the second-biggest spending area in tech, cloud computing, at 21%. For the CFOs at the center of that transformation, the stakes are higher than ever.
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Seattle evaluating its own capital gains tax following new state law
GeekWire
APRIL 5, 2023
” Mosqueda, also the city council’s budget chair, said she is not considering pursuing a capital gains tax ordinance independently. “If you are looking for a local jurisdiction that does not impose a net income tax, but does tax capital gains, I don’t have an example.”
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Accelerate Sustainable Digital Transformation in the Oil & Gas Industry
CIO Business Intelligence
NOVEMBER 18, 2022
In response, oil and gas majors are making headway in terms of carbon reporting, net-zero targets, and accountability. Many companies have budget or purchasing policy constraints or do not need the latest top-performing equipment. Many have even spun up renewable energy arms. Innovation underpins corporate sustainability efforts.
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Maveron, Scooter Braun, Alex Rodriguez invest in $30M round for virtual entertainment startup Wave
GeekWire
JUNE 10, 2020
“We expect to see rapid advancement in the online capabilities of digital concerts from low budget streams to truly spectacular, culture defining events,” he wrote in a blog post. Maveron Partner David Wu said Wave is in position to create a new category of companies.
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How adopting sustainability as a service can drive business success and help the planet
CIO Business Intelligence
DECEMBER 8, 2022
Due to the complexity and scale of the challenge, not all businesses have the resources to move toward net-zero at the necessary pace, and many are lagging. You can solve any problem given enough budget. Smart spaces can reduce energy use when unoccupied, while predictive/preventive maintenance can reduce wasteful downtime.
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People Skills Outweigh Technical Prowess in the Best Security Leaders
SecureWorld News
OCTOBER 5, 2023
The only way forward is to learn from mistakes and failures (in her accident's case, a clip that was not put back in the breaking mechanism that sent her and her car hurling through the safety sand and net at the end of the drag strip). Those are opportunities to get better, not excuses to give up or avoid future failures.
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Netflix’s subscriber growth slows, but company isn’t worried about running out of content
The Verge
OCTOBER 20, 2020
million net subscribers in Q3, compared with the company’s 2.5m In turn, we expect paid net adds are likely to be down year over year in the first half of 2021 as compared to the big spike in paid net adds we experienced in the first half of 2020.”. They have a lot of shows that have big budgets and a niche audience.
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Amazon stock rises, then drops after beating Q1 estimates with $127.4B in revenue
GeekWire
APRIL 27, 2023
Net income was $0.31 He added that consumers are “still looking to stretch their budgets further” and are focused on value. But its stock was down more than 2% later on Thursday after the company’s earnings call with analysts. Amazon reported $127.4 billion in first quarter revenue, up 9% year-over-year.
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Jeff Bezos is richer than ever, topping $171B and illustrating wealth gap as Amazon’s stock soars
GeekWire
JULY 2, 2020
Amazon’s soaring share price has pushed CEO Jeff Bezos’ net worth to more than $171 billion, a new record that pushes his financial wealth back above its levels prior to his divorce settlement last year, according to the Bloomberg Billionaires Index. GeekWire File Photo / Kevin Lisota).
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Clear Channel’s billboards will start tracking consumers in Europe
The Verge
AUGUST 10, 2020
And it seems like an odd time to try a new market for billboards: outdoor advertising has been hard hit during the pandemic , with advertisers scaling back budgets and becoming less willing to post physical ads in urban areas whose workers weren’t in offices for months. Clear Channel Outdoor Holdings posted a net loss of $137.2
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Low-code: An Accelerator for Digital Transformation
CIO Business Intelligence
NOVEMBER 5, 2023
Digital transformation is expected to be the top strategic priority for businesses of all sizes and industries, yet organisations find the transformation journey challenging due to digital skill gap, tight budget, or technology resource shortages. Amidst these challenges, organisations turn to low-code to remain competitive and agile.
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Redfin shares sink 10% as CEO says housing market sales volume is ‘near rock bottom’
GeekWire
AUGUST 3, 2023
Redfin’s net loss from operations was $27 million, an improvement from the previous year’s $75 million, surpassing its low-end estimates. ” Kelman said the company maintains its budgeting assumption of 4.3 Redfin’s mortgage revenue was $38.4 million, down 28% year-over-year. million existing U.S.
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Dark secrets of developer motivation
CIO Business Intelligence
SEPTEMBER 9, 2022
Nobody likes to be treated like a line item on the budget. If you task a developer with building a widget, the time they spend fretting about how to make it reusable can net unpredictable benefits down the road. X amount of pay for Y amount of output and if the lines cross in the wrong direction you are out.
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Washington raises $300M in its first auction for carbon pollution permits – here’s what it means
GeekWire
MARCH 11, 2023
To reach Washington’s required target of net zero by 2050 , the state is setting a cap on overall greenhouse gas emissions and auctioning pollution permits to businesses and organizations. Seattle Times has a detailed look at the revenue and budgeting. Here’s a quick overview of Washington’s cap-and-invest program.
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5 Apps Every Entrepreneur Should Bookmark in 2020
Galido
FEBRUARY 3, 2020
The program also allows you to set budgets and sends notifications when you’re reaching your limits. Mint also provides higher-level insights, like your credit score and net worth. Other notable integrations include Google Drive and Harvest, a time-tracking app that can help everyone stay on task and on budget. DisputeBee.
Prioritizing cloud security: Allocating the majority of CIOs’ cyber budgets
CIO Business Intelligence
DECEMBER 19, 2023
CIO’s cybersecurity budget allocations are too spread out across a myriad of single solutions. Cyber budgets get stretched too thinly across single solutions when they should match the organization’s IT and software spending priorities. the majority of its cybersecurity budget should go to protecting these investments.
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How climate concerns and incentives are driving solar installations on Washington roofs
GeekWire
DECEMBER 18, 2021
The Grow Community on Bainbridge Island has solar power for many of its 119 homes and is a net zero neighborhood, meaning it doesn’t contribute carbon emissions. The price of solar has dropped 11% over the past five years , but is still relatively spendy for many budgets. Solar is being incorporated into projects large and small.
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What The Clover Group does to address legacy-related challenges
CIO Business Intelligence
AUGUST 17, 2023
When everything was on-prem, CIOs could budget to a tee and if they told the CFO something was going to cost R10 million, it would cost R10 million. When equipment is nearing end-of-life and no longer supported, you’re walking a tightrope with no safety net. It’s a cost containment issue,” he says.
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Redfin CEO says housing downturn made real estate giant ‘leaner, hungrier and better’
GeekWire
MAY 4, 2023
Kelman said the company’s 2023 budgeting assumption predicts 4.3 Redfin reported a Q1 net loss per share of $0.55, which beat expectations. Thirty-year fixed mortgage rates were hovering around 6.43% Thursday, up from around 5.1% during the year-ago period, and from around 3% two years ago. million existing U.S.
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The new value calculator: Levers for business optimization
CIO Business Intelligence
JUNE 6, 2023
However, given the competition for capital or budget, this must also be applied to data and analytics spend. By using a simple equation, the value calculator provides a quantitative estimate of the potential return on investment (ROI) of a particular initiative. Given this, the company may be sure they’ve made a smart investment.
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9 traits of great IT leaders
CIO Business Intelligence
FEBRUARY 12, 2024
In other words, they excel at managing IT budgets, projects, staffing needs, and so on. But it’s not all about making good decisions fast, he says; it’s also about creating the right safety nets for such actions. They have some, although not deep, understanding of the various technologies within their IT portfolios.
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Step 1 to becoming a business-savvy CIO
CIO Business Intelligence
FEBRUARY 13, 2024
For example, if you are in banking, your organization is likely to measure itself by profitability ratios such as net interest margin (the difference between interest income generated and interest expenses) or PCL (provision for credit losses). Budgeting, Business IT Alignment, IT Leadership, IT Strategy
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Zillow Group CEO Rich Barton on the ?great reshuffling,? and why he?s optimistic about it
GeekWire
MAY 29, 2020
Zillow’s “Homes” segment brought in $770 million in revenue during the first quarter, up 27% percent from the fourth quarter, and took a net non-GAAP loss of $75 million. He believes Zillow is well positioned to take advantage of that situation with a research and development budget that Barton said dwarfs its rivals.
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Smaller, cheaper, safer: The next generation of nuclear power, explained
Vox
MAY 1, 2023
Most countries in the world, including the US, have now committed to zeroing out their net impact on the climate by the middle of the century. will need ~550–770 [gigawatts] of additional clean, firm capacity to reach net-zero; nuclear power is one of the few proven options that could deliver this at scale.” degrees Fahrenheit (1.5
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