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

CIO Business Intelligence

According to IDC’s July 2023 Future Enterprise Resiliency & Spending (FERS) survey of 856 senior IT and business managers in large enterprises, the IT line items most affected, in addition to rising tech salaries, include SaaS and PaaS costs. They ended up bringing most of those people back, at consulting rates, for six months.”

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5 ways to maximize your cloud investment

CIO Business Intelligence

Be strategic with reserve pricing Reserve pricing for cloud services can reduce resource usage costs by as much as 70%, says David McKee, who in his role as fractional CTO, tech founder, and digital twins thought leader at Counterpoint Technologies acts as a part-time CTO for nine companies in the US and Europe.

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The year’s top 10 enterprise AI trends — so far

CIO Business Intelligence

But there’s also the downside: the possibility gen AI will take companies down. The phrase “existential risk” is now everywhere—not in the sense the AI would destroy humanity, but that it would make business functions, or even entire companies, obsolete. Then gen AI came out. This is where large language models get me really excited.

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Weighing risk and reward with gen AI vendor selection

CIO Business Intelligence

In mid-November, OpenAI’s board fired the CEO of the company, Sam Altman, the guy who put ChatGPT on the map and ushered in a new era of corporate AI deployments. Within the next three days, nearly all of the company’s employees said they’d walk out the door, and the fate of OpenAI looked extremely uncertain. He’s not the only one.

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7 challenges facing CIOs and IT leaders in 2020

mrc's Cup of Joe Blog

Companies who want to survive and thrive are looking to new technologies like AI and automation to bridge the gap and gain a competitive edge. The most obvious answer is pay a premium for the best talent, or hire consultants with modern skills. Of course, not many companies can afford this option. It’s lucrative.