article thumbnail

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 137
article thumbnail

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. The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. in 2023, the firm says.

Budget 145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

3 Ways to Make Storage a Strategic Asset for Your Organization (Not Just an IT Cost)

CIO Business Intelligence

Storage has emerged in 2022 as a strategic asset that the C-suite, not just the CIO, can no longer overlook. Enterprise storage can be used to improve your company’s cybersecurity, accelerate digital transformation, and reduce costs, while improving application and workload service levels. What should you do?

Storage 95
article thumbnail

Data center investments simplify IT and cloud modernization

CIO Business Intelligence

HPE Aruba Networking is coming off a very strong Q2 2023 with our Intelligent Edge revenue reaching $1.3 We have also been investing heavily to expand our data center networking capabilities across switching, automation, and integration into HPE compute, storage, and HPE GreenLake. billion , up 50% from the prior-year period.

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 133
article thumbnail

Prioritizing AI? Don’t shortchange IT fundamentals

CIO Business Intelligence

It’s easy to view these as competing priorities vying for CIO attention and budget that are unfairly dwarfed by boardroom interest in the new and shiny opportunities promised by gen AI. But in other areas, IT teams will look to increase budgets and spending.

Hardware 142
article thumbnail

4 ways to invest in IT during a recession while keeping costs low

CIO Business Intelligence

Gartner recently lowered their expectations for IT budgets to increase by just 2.2% in 2023 on average – lower than the projected 6.5% Here are tips for making the most of your IT budget in a recession. Servers were replaced with cloud servers (like EC2) and network-attached storage with cloud storage (like S3).

Budget 97