article thumbnail

11 ways to reduce your IT costs now

CIO Business Intelligence

Consider consumption-based contracts One of the best ways to align IT costs with value-generating outcomes is with consumption-based pricing, although it may seem like a higher-cost option. Consumption-based contracts are self-optimizing,” says Gartner’s Buchanan.

article thumbnail

6 tips for making the most of a tight IT budget

CIO Business Intelligence

global inflation rate, an ongoing talent squeeze, and persistent supply issues as a triple threat to CIOs’ ability to realize time to value for their tech investments this year, according to its 2023 Gartner CIO and Technology Executive Survey , which gathered data from 2,203 CIOs in 81 countries and all major industries.

Budget 138
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

Weighing risk and reward with gen AI vendor selection

CIO Business Intelligence

According to an O’Reilly survey released late last month, 23% of companies are using one of OpenAI’s models. According to an Ernst & Young survey of 1,200 global CEOs released in late October, 99% are either planning or are already making “significant” investments in generative AI. He’s not the only one.

article thumbnail

7 challenges facing CIOs and IT leaders in 2020

mrc's Cup of Joe Blog

The most obvious answer is pay a premium for the best talent, or hire consultants with modern skills. How can you address the skills gap if you can’t afford to hire a bunch of new employees? A recent survey found that 70% of enterprise ransomware victims paid the ransom. How can you address this challenge? It’s lucrative.