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Capitalizing on technology budgets: A CIO’s story

CIO Business Intelligence

In today’s competitive business setting, enterprises are constantly under pressure to maintain profitability amid challenging economic conditions. By leveraging data-driven methods, businesses can optimize and reclaim operating capital from their extensive technology budgets, reducing expenses without resorting to drastic measures.

Budget 65
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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. We obviously won’t cut investments here.

Budget 137
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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. And because of this, IT budgeters must have open ears.

Budget 102
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4 hidden risks of your enterprise cloud strategy

CIO Business Intelligence

As enterprise CIOs seek to find the ideal balance between the cloud and on-prem for their IT workloads, they may find themselves dealing with surprises they did not anticipate — ones where the promise of the cloud, and cloud vendors, fall short versus the realities of enterprise IT. That’s where the contract comes into play.

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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group. This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%).

Budget 145
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The extraordinary synergy of wi-fi and 5G in enterprise networks

CIO Business Intelligence

This same principle can help enterprises remain operational and connected during all kinds of internal and external “storms.” Network reliability and availability are among the many reasons why enterprises are augmenting Wi-Fi networks with 5G. In enterprises, Deloitte calls 5G a novel “force multiplier” to Wi-Fi technology.

Network 104
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IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

It’s essential to recognize that generative AI technology is still in its infancy when it comes to its application in enterprise-level scenarios, and realizing its potential in most use cases will require significant time. Nonetheless, there will be continued investment in enterprise security and cloud computing.

Budget 91