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How Can CIOs Avoid Wasting Their Budget?

The Accidental Successful CIO

It is the role of the person with the CIO job to make sure that their company has access to the technology that everyone needs in order to do their job most efficiently. What steps can a CIO take in order to avoid spending their budget buying technology that will just end up going to waste? Where Is The Money Going?

Budget 130
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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. Why was I at this presentation, you ask?

Budget 105
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14 in-demand cloud roles companies are hiring for

CIO Business Intelligence

To tackle that, businesses are turning their budgets toward the cloud, with two out of every three IT decision-makers planning to increase cloud budgets in 2024, and nearly a third (31%) reporting that 31% of their IT budget is earmarked for cloud computing, according to the 2023 Cloud Computing Study from CIO.com parent company Foundry.

Cloud 130
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Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax

GeekWire

Amazon’s Spheres and other buildings at the company’s headquarters campus in Seattle. Now the city is using the surplus to help close major gaps in its budget. ” Seattle already faced operating deficits of $141 million for 2023 and $152 million for 2024 before the budget planning process began this fall. .

Budget 76
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Seattle considers expanding ‘JumpStart’ tax on big businesses to plug budget deficit

GeekWire

The city this week released findings from a report detailing ideas for progressive taxes to help plug a budget gap that is expected to reach $221 million in 2025 and grow by another $207 million in 2026. ” The JumpStart tax currently applies to salaries over $174,000 annually at companies with yearly payroll expenses of $8.1

Budget 94
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IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

Tata Consultancy Services experienced its slowest profit growth since 2020 in the December quarter, and Infosys failed to meet its quarterly profit expectations. Amid considerable hype and discussion, AI continues to receive significant investment from many companies. The economic slowdown is now apparent,” Gogia added.

Budget 98
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Seattle founder Vetri Vellore, who sold last startup to Microsoft, raises $26M for new AI company

GeekWire

(Madrona Photo) Seattle tech veteran Vetri Vellore is launching a new startup with a big vision to help companies improve their productivity and backing from investors who funded his former venture. Rhythms aims to help companies that are tightening budgets but still trying to achieve sustained growth with the same or less headcount.

Microsoft 109