article thumbnail

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 100
article thumbnail

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.

Budget 137
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Expanding Cybersecurity Capabilities on a Limited Budget

SecureWorld News

With cyberattacks on the rise, government agencies and enterprises alike are challenged to ramp up cybersecurity protections—often with limited budgets and resources. In addition, Gregg stressed the ongoing importance of developing team capabilities through engaging simulations and exercises.

Budget 83
article thumbnail

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. 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. IDC is forecasting a 5.1%

Budget 145
article thumbnail

IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector. This includes a significant reevaluation of large ticket items, influenced by developments in 2023 around generative AI, according to Sanchit Vir Gogia, chief analyst and CEO at Greyhound Research.

Budget 90
article thumbnail

Surviving the Budget Cycle - Tips & Tricks

CIO Musings

We are talking about the budget cycle. Budget approaches vary widely and cost-plus, to zero-based and others. I have worked in places where the budget never changed from year to year and I have worked in places where every year we prepared 5%, 10% and 15% cut scenarios for the consideration of the budget department.

Budget 221
article thumbnail

5 Most Effective Training Techniques for Enterprises

Kitaboo

Enterprises invest a huge sum to develop an effective training program for their workforce. On an average, organizations spend 11% of their budget on learning tools and technologies. Learning and Development teams are now finding ways to make training more fun and engaging. Videos hold more retention value.