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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. At the same time, they are defunding technologies that no longer contribute to business strategy or growth. It’s not a stretch to say that across the board, CIOs are continuing to invest in some form of AI.

Budget 145
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CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO Business Intelligence

Cloud costs remain a key concern for IT leaders, who find themselves nearing a crossroads where expenditures for core workloads will need containment to free up spend for innovation. 1 barrier to moving forward in the cloud. Cloud costs continue to be a top concern for CIOs,” says Dave McCarthy, analyst at IDC.

Strategy 127
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6 tips for making the most of a tight IT budget

CIO Business Intelligence

IT leaders seeking to drive enterprise growth through technology investments are often saddled with budgets that make their tasks of increasing the top and bottom lines challenging. The year 2023 seems to be no different. Despite an estimated increase to IT budgets of 5.1% Despite an estimated increase to IT budgets of 5.1%

Budget 135
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Top 9 challenges IT leaders will face in 2023

CIO Business Intelligence

Three years ago, IT leaders were squarely focused on how to adopt fledgling AI techniques and approaches into their business models in service of digital transformations that included plans for shifting some workloads to the cloud. The good news is that, for managers, the best time to attract and retain talent is during economic downturns.

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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 September, 2023, the price pressures facing IT have persisted. in September, 2023, the price pressures facing IT have persisted. general inflation rate masks some higher increases hitting IT budgets.

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9 tips for recruiting high-end IT talent

CIO Business Intelligence

Recruiting and hiring high-end IT talent is among the most challenging tasks IT leaders face today. The IT skills shortage is critical, with CIOs losing talented employees faster than they can hire them,” said Mbula Schoen, senior director analyst at Gartner, in a recent Q&A. “IT CIOs, and their recruiting teams, are well aware.

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Chief AI officer: What it takes to land the C-suite’s hottest new job

CIO Business Intelligence

That includes the decision to appoint or hire a chief artificial intelligence officer (CAIO). Foundry / AI Priorities Study 2023 The ideal individual to assume this role should have much more than top technology and AI skills, says Colin Reeves, principal data and AI recruiter at ConSol Partners in Los Angeles.