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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. For example, pricing and underwriting are two key areas where life insurance carriers can bring market-differentiating product offerings to customers, Seetharaman explains.

Budget 363
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6 tips for making the most of a tight IT budget

CIO

IT leaders seeking to drive enterprise growth through technology investments are often saddled with budgets that make their tasks of increasing the top and bottom lines challenging. Despite an estimated increase to IT budgets of 5.1% The year 2023 seems to be no different.

Budget 345
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Survey: Marketers embrace AI at expense of metaverse investments

CIO

The B2B marketing landscape is experiencing a seismic shift fueled by the ascent of ChatGPT and other generative AI (GAI) apps. In a testament to its growing importance, 80% of marketers have experimented with or deployed the burgeoning technology, in some cases redirecting budgets from last year’s forays into the metaverse.

Survey 246
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7 cloud market trends and how they will impact IT

CIO

The cloud market has been a picture of maturity of late. The pecking order for cloud infrastructure has been relatively stable, with AWS at around 33% market share, Microsoft Azure second at 22%, and Google Cloud a distant third at 11%. Here are the top cloud market trends and how they are impacting CIO’s cloud strategies.

Trends 362
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Building your own web application platform is locking you in

CIO

CIOs have shifted toward building their own web application platforms with a set of best-in-class tools for more flexibility, customizations, and agile DevOps. This can be costly for organizations: A recent study found that 25 to 40% percent of IT projects exceed their budget or schedules by more than 50%. Click here to learn more.

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IT budget shock: Global IT services firms continue to struggle

CIO

These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector. This means that the market can expect to experience a period of softness, with large-scale deals potentially facing longer completion times.

Budget 246
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ST Engineering showcases applications of new technologies to stay ahead of disruption

CIO

This, in turn, is forcing businesses to rethink the way they operate, engage, and go to market. This means adapting to the needs of consumers, businesses, and governments—as well as changing market conditions—by becoming more efficient, agile, and smart. To find out more about ST Engineering Digital Systems, visit [link].