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How To Adjust Your Tech Budget To Survive Or Thrive In The Pandemic Recession

Forrester IT

The old playbook for how CIOs can manage tech budgets through tough times will not work for today’s pandemic. While CIOs and their business partners are under intense pressure to cut tech budgets, technology plays a vital role in business survival and success during this recession.

Budget 512
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Vendor management: The key to productive partnerships

CIO Business Intelligence

What is vendor management? Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security.

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Optimize Digital Budgets, Service Providers, And Skills — Or Lose The Digital Race

Forrester IT

Forrester surveyed digital business strategy decision-makers globally on their priorities, investments, and organizational structures.

Budget 439
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CIOs take aim at SaaS sprawl

CIO Business Intelligence

For Bryan Muehlberger, CIO at Vuori, the rise of SaaS use has also led to a corresponding rise in vendor management challenges. “We It used to be that you had 15 to 30 key vendor partners, and now it’s more than 100,” he says. It’s unwieldy at times managing a detailed budget by vendor.

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How To Onboard Startups

Forrester IT

The former have the customer base, budget, and scale that the latter crave. Large corporates and startups seems like a match made in heaven. And startups bring speed and agility and can help enterprises experiment with emerging technologies and business models.

How To 301
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Many CIOs are better equipped to combat rising IT costs. Are you?

CIO Business Intelligence

Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. Forty-one percent of the CIOs in the survey said they’ve changed their cycle for revisiting IT budgets to at least every month, says Tony Olvet, IDC’s VP of worldwide C-suite and digital business research.

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10 best practices when partnering for strategic skills

CIO Business Intelligence

Double down on vendor management. To manage these relationships, IT organizations need robust vendor management processes , says West Monroe’s Wright. When working with advancing technologies such as AI, screening potential partners can take more effort. “It