Remove Budget Remove Examples Remove Licensing Remove Storage
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 138
article thumbnail

4 moves CIOs should make to achieve a more efficient IT organization

CIO Business Intelligence

While investing in technology is key—and becoming more so—this doesn’t mean that CIO budgets won’t come under pressure, both for capital spend as well as for operations and maintenance (O&M). Optimize cloud spend It’s a good time for CIOs to conduct a financial health check on their technology budget. An easy example?

Licensing 138
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

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 140
article thumbnail

Re-Tooling Your Way to a More Efficient Enterprise

CIO Business Intelligence

This blog will examine how enterprises can take stock of their systems, and offer best practices for IT teams with small budgets looking to re-tool. We’ll also provide examples of rejigging a system to improve performance. Getting by on Small Budgets. The Importance of Self-Analysis.

Tools 111
article thumbnail

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.” The need to reorient IT’s budget toward future opportunities is one big reason CIOs are reviewing their IT portfolios now.

article thumbnail

5 ways to maximize your cloud investment

CIO Business Intelligence

No IT organization wants to get caught short on processing or storage resources that could negatively affect operations, or have to suddenly add resources that exceed the budget. In this way, you can take advantage of the cloud’s agile, on-demand approach with unlimited capacity without breaking the budget.

Cloud 124
article thumbnail

Overcome the Challenges of Cloud Optimization & FinOps to Drive Business Value

CIO Business Intelligence

Organizations must examine shared resources, storage costs, network costs, platform services, monitoring, logging, and licensing. For example, if the goal is to reduce hot storage, a KPI must be defined to meet the efficiency objective and deliver value creation—and it must be measured.

Cloud 91