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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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4 hidden risks of your enterprise cloud strategy

CIO

While cloud risk analysis should be no different than any other third-party risk analysis, many enterprises treat the cloud more gently, taking a less thorough approach. And those massive platforms sharply limit how far they will allow one enterprise’s IT due diligence to go. That’s where the contract comes into play.

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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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What the Digital Operational Resilience Act means for you

CIO

Cyber attacks and data breaches can wreak havoc on a business’ IT systems, resulting in massive costs to fix the damage and a long-lasting impact on customers that could hamper a company’s growth for years to come. Implement ICT security tools and processes: Any DORA-focused preparations need to take tools and processes into account.

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10 digital transformation roadblocks — and 5 tips for overcoming them

CIO

Lack of vision A common reason digital transformation fails is due to a lack of vision, which along with planning is the foundation for digital success. 5, Insufficient budget Digital transformation can be expensive, and executive leadership teams that do not allocate enough budget to the initiative may struggle to succeed.

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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 275
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NetSuite adds generative AI to its entire ERP suite

CIO

Organizations need various tools and connectors to run the system on infrastructure from other cloud providers. The company has also added new capabilities to its planning and budgeting feature to help enterprises automate data analysis for preparing budgets. The ERP suite is available on Oracle Cloud Infrastructure.