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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. Despite an estimated increase to IT budgets of 5.1% The year 2023 seems to be no different.

Budget 130
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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

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. On-prem infrastructure will grow cold — with the exception of storage, Nardecchia says. And it’s not just applications development where such tools are having an impact.

Budget 145
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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 120
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11 ways to reduce your IT costs now

CIO Business Intelligence

“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.” Today’s CIO is not just a technology leader, but a business executive. Zero-based budgeting can be a good approach for discretionary spending.

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DIY cloud cost management: The strategic case for building your own tools

CIO Business Intelligence

It gets costly very quick,” says Jim Ducharme, CTO of ClearData, a cloud security posture management (CSPM) and managed detection and response (MDR) SaaS provider for the healthcare industry. The service provides interactive log analytics, real-time application monitoring, website searches, and more.

Tools 101
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5 ways to maximize your cloud investment

CIO Business Intelligence

Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. 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.

Cloud 103
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CloudOps: A framework for optimizing your cloud operations

CIO Business Intelligence

A related concept, CloudOps, for “cloud operations,” has emerged as enterprises increasingly move application development and workloads to the cloud, and those cloud outlays become more complex. From there, companies deploy their application either automatically or through continuous integration and continuous delivery,” he says.

Cloud 91