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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

Upgrading cloud infrastructure is critical for deploying broad AI initiatives more quickly, so that’s a key area where investments are being made this year. 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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CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO Business Intelligence

Cloud costs remain a key concern for IT leaders, who find themselves nearing a crossroads where expenditures for core workloads will need containment to free up spend for innovation. 1 barrier to moving forward in the cloud. Cloud costs continue to be a top concern for CIOs,” says Dave McCarthy, analyst at IDC.

Strategy 126
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Selling the C-suite on preemptive IT investments

CIO Business Intelligence

But disaster recovery is just one example of projects that are of an important and preemptive nature that CIOs want to fund but find de-prioritized when it comes to budget approval. Others include preparation for zero-day attacks, almost anything having to do with data stewardship, as well as IT training and social engineering audits.

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How strategic partnerships are the key to AI-driven innovation

CIO Business Intelligence

In banking and financial services applications, for example, GenAI solutions are being developed to analyze customer data, market data, economic trends, and more to help support highly personalized insights and guidance. This can be particularly challenging in heavily regulated industries such as healthcare, insurance, and finance.

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Enterprise Storage Solution Provider of Choice: The Case Studies

CIO Business Intelligence

One company that needs to keep data on a tight leash is Petco, which is a market leader in pet care and wellness products. Most of Petco’s core business systems run on four InfiniBox® storage systems in multiple data centers. Furthermore, Infinidat provided Salem Five with a cloud-like flexible consumption model.

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IT leaders adjust budget priorities as economic outlook shifts

CIO Business Intelligence

Budget planning during uncertain economic times is never CIOs’ favorite activity. For the most part, budgets are holding steady or growing in the single digits, with continued investments in security, analytics, and the cloud, among other areas. Gartner predicts 2023 IT spending will grow 5.1%

Budget 132
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9 traits of great IT leaders

CIO Business Intelligence

In other words, they excel at managing IT budgets, projects, staffing needs, and so on. Early in his CIO tenure at the university, his IT department experienced a systems outage as it worked on migrating from a data center to the cloud, he says. “It I had to lean in and say, ‘Ok.’

Budget 126