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5 hot IT budget investments — and 2 going cold

CIO

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. CIOs anticipate an increased focus on cybersecurity (70%), data analysis (55%), data privacy (55%), AI/machine learning (55%), and customer experience (53%).

Budget 363
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11 ways to reduce your IT costs now

CIO

“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. But it’s not the only one.

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

CIO

Many features have been developed for Windows and Office copilots without having been deployed due to the lack of compute. While occasional discrepancies between capacity and demand may persist, it is unlikely to manifest as a protracted or systemic issue that would lead to price hikes, Moogimane said. Generative AI, Microsoft

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5 ways to maximize your cloud investment

CIO

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. Then there’s housekeeping.

Cloud 312
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Soci raises $120M in debt and equity to grow its marketing management platform

TechCrunch

Soci provides customers marketing-focused workflows, a permissioning system, approval processes and analytics and management tools that integrate with popular ad networks. Beyond this, it delivers a database for consolidating marketing info including data from search, social media, reviews, surveys and chatbots.

Marketing 234
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8 pressing needs for CIOs in 2024

CIO

Investing in generative AI More than half of CIOs will invest in generative AI over the next 12 to 18 months, according to the most recent PwC Pulse Survey. I expect to see an explosion of what I am terming ‘context-initiated generative AI,’ which will extend prompt engineering to include the analysis of data in context,” he says.

Security 349
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Data observability startup Metaplane lands investment from YC, others

TechCrunch

In a large-scale survey of IT decision makers published last September, 75% of the respondents said they expected to increase their observability spend in 2022 “significantly” to better plan, deploy and run software. Nearly 10% of businesses now have more than 200 apps to manage, according to a recent Okta study.)

Data 241