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IT budget shock: Global IT services firms continue to struggle

CIO

Cognizant Technology Solutions announced a full-year revenue forecast below expectations. Structural changes and impact of AI Analysts point out that the noticeable downturn in growth expectations is likely to persist due to major structural changes in the US. Consequently, the qualities and skills sought in employees are evolving.

Budget 246
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4 ways to ensure CEO support for your digital strategy

CIO

It’s then up to the CIO to sound less like a technical guru and more like the finance, marketing, and payroll people, making it clear that every activity takes place on the IT infrastructure. To help earn this, at the end of each year, Ardolino prepares his own budget forecast document, which he then reviews with the CFO and CEO.

Strategy 335
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Microsoft can’t keep up with demand for AI in the cloud — for now

CIO

This balancing act, according to Dylan Patel, chief analyst at semiconductor research firm Semianalysis, can be seen in the company’s phased rollout plan for AI copilots across various service offerings. Many features have been developed for Windows and Office copilots without having been deployed due to the lack of compute.

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TechCrunch+ roundup: Psychedelic investor survey, 6 issues VCs look for, hiring on a budget

TechCrunch

A Pew Research poll gathered their top three reasons: Not making enough money. Hiring top startup talent on a budget during the Great Resignation. Budgeting and planning for your first digital product. Budgeting and planning for your first digital product. Hungry in High Tech. No opportunities for advancement.

Budget 208
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Top 8 challenges IT leaders will face in 2024

CIO

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. He attributes the cautious attitude of tech leaders to elevated inflationary pressures and higher interest rates.

Security 334
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ST Engineering showcases applications of new technologies to stay ahead of disruption

CIO

The advent of new technologies has accelerated the rate of innovation and disrupted the business landscape as we know it. As the pace of innovation speeds up, tomorrow’s front runners are those who readily embrace disruptive technologies to spearhead new business models and capture new avenues of growth.

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

CIO

Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. Here’s how.