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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 134
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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 119
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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. in June, 2022, to 3.7% in June, 2022, to 3.7% McKee, tech founder and digital twins thought leader at Counterpoint Technologies, acts as a part-time CTO for nine companies in the US and Europe.

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Practical advice to optimize savings with cloud migrations

CIO Business Intelligence

A 2022 survey of 850 IT leaders by Foundry found more than two-thirds were accelerating their cloud migration and nearly three-quarters (72%) were defaulting to cloud-based services for upgrades or new IT purchases. nyike The best way to avoid hidden #cloud costs is to read every word in the contract. Exceeding the planned budget.

Cloud 111
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Buying advice for CIOs as low-code/no-code spending rises

CIO Business Intelligence

The predictions about the future of software development are contained in IDC’s “ Worldwide Low-Code, No-Code and Intelligent Developer Technologies Forecast, 2022-2026 ” report. That componentization is key, says Andrew Peterson, CTO of executive search firm Riviera Partners, a longtime user of low-code development tools.