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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.

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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. On-prem infrastructure will grow cold — with the exception of storage, Nardecchia says. This should secure our business strategy for the next five years and longer.”

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CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO Business Intelligence

To be sure, enterprise cloud budgets continue to increase, with IT decision-makers reporting that 31% of their overall technology budget will go toward cloud computing and two-thirds expecting their cloud budget to increase in the next 12 months, according to the Foundry Cloud Computing Study 2023.

Strategy 137
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DIY cloud cost management: The strategic case for building your own tools

CIO Business Intelligence

It gets costly very quick,” says Jim Ducharme, CTO of ClearData, a cloud security posture management (CSPM) and managed detection and response (MDR) SaaS provider for the healthcare industry. Airbnb has employed UltraWarm storage for Amazon OpenSearch Service, resulting in a 60% reduction in costs to help fuel sustainable growth.

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11 ways to reduce your IT costs now

CIO Business Intelligence

“The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.” Today’s CIO is not just a technology leader, but a business executive. Zero-based budgeting can be a good approach for discretionary spending.

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7 IT leadership hacks that deliver results

CIO Business Intelligence

And, on the flip side, it’s just as important to be mindful of team chemistry and take action when there’s a problem, says Srini Kadiyala, CTO of OvalEdge. It’s imperative to keep the team in the know, so that projects can stay on track and under budget,” Alarid says. Bad hires happen, and sometimes, promotions don’t work out.

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Seeking To Serve The Department of Defense With Technology? This Is A Must Read

CTOvision

One Thing All Successful Enterprise CTOs Have In Common. 2015 Federal IT Spending Update: An analysis of the budget for CTOvision Pro Subscribers. International Conference for High Performance Computing, Networking, Storage and Analysis (SC14) Recap #HPCMatters. New Technologies Used To Combat Ebola and Other Pandemic.

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