Remove 2022 Remove Budget Remove Fractional CTO Remove Hardware
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 134
article thumbnail

Meta is facing the test of its lifetime

Vox

Mark Zuckerberg’s avatar demoed at the company’s Connect event in 2022. In 2022, the company saw its stock price drop to a historic low, laid off 11,000 of its employees , and faced intense skepticism from impatient investors about the feasibility of its futuristic metaverse vision. Meta has had a tough year.

article thumbnail

Think carefully before considering cloud repatriation

CIO Business Intelligence

They also expect to benefit from the expertise of cloud providers—expertise that isn’t easy for companies to develop and maintain in house, unless your company happens to be a technology provider. Why buy real estate and hardware and pay extra salaries only to save a small amount? asks Sample, rhetorically. “Do million in 2017).

Cloud 102