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The art of selling: IT budget approval made easier

CIO Business Intelligence

Because as a young CIO, I was struggling with obtaining budget approvals for a range of IT initiatives. A majority of CIOs I speak with dread the budget approval process and breathe a welcome sigh of relief when annual budgeting comes to an end. These days artificial intelligence has the full attention of the C-suite and board.

Budget 101
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Get Ready for FutureIT Boston With This AI Infographic

CIO Business Intelligence

IT decision-makers know that generative AI is the most disruptive technology in decades and are budgeting accordingly. Artificial Intelligence, Events, IT Leadership IDC has forecast that spending on AI solutions will grow 27% per year to $423 billion by 2027. REGISTER NOW for FutureIT Boston.

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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). Related: 6 tips for making the most of a tight IT budget Budgeting, IT Leadership, IT Strategy

Budget 145
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Innovating Services for a Digital, Intelligent Future

CIO Business Intelligence

At the same time, Artificial Intelligence (AI) is quickly becoming recognised as a keystone for future growth. Tackling the challenges of intelligent transformation However, many organisations continue to struggle with tight budgets, resistance to change, and perennial shortages of skill sets and staff.

Banking 125
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The CIO’s 2024 AI playbook

CIO Business Intelligence

Especially in IT organizations—where budgets came under more scrutiny in 2023—CIOs need to show they’re not using AI for AI’s sake. Just as IT leaders already use machine learning tools to automate workflows and boost efficiency, they need to arm their teams with AI-powered tools in 2024 to drive business results and optimize workflows.

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Three predictions for AI and automation business adoption

CIO Business Intelligence

It’s time to get to business. That’s one of the main themes from IDC’s recent predictions report, “IDC FutureScape: Worldwide Artificial Intelligence and Automation 2024 Top 10 Predictions”. So CIOs thinking about hardware budgets should factor in high-end servers that can accommodate GenAI workloads.”

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Generative AI gold rush drives IT spending — with payoff in question

CIO Business Intelligence

A scramble to invest in artificial intelligence and a natural replacement cycle for computing devices purchased during the COVID pandemic will lead to an 8% increase in global IT spending this year, Gartner predicted. In other words, CIOs are likely to be apportioning more budget toward speculative initiatives less likely to pan out.