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5 hot IT budget investments — and 2 going cold

CIO

Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group. This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%).

Budget 363
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7 enterprise data strategy trends

CIO

Every enterprise needs a data strategy that clearly defines the technologies, processes, people, and rules needed to safely and securely manage its information assets and practices. Guan believes that having the ability to harness data is non-negotiable in today’s business environment.

Trends 363
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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO

This transition has propelled AI and machine learning to the forefront, with 51% of CIOs identifying these technologies as among their most urgent priorities, alongside cybersecurity, highlighting their crucial role in driving organizational success. Artificial Intelligence

Survey 335
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Generative AI gold rush drives IT spending — with payoff in question

CIO

A scramble to invest in artificial intelligence and a natural replacement cycle for computing devices purchased during the COVID pandemic will lead to an 8% increase in global IT spending this year, Gartner predicted. In other words, CIOs are likely to be apportioning more budget toward speculative initiatives less likely to pan out.

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The CIO’s 2024 AI playbook

CIO

For enterprise executives in 2024, that means right-sizing those expectations and getting to work: justifying the right use cases, forming teams, and tracking progress and ROI. Especially in IT organizations—where budgets came under more scrutiny in 2023—CIOs need to show they’re not using AI for AI’s sake. Artificial Intelligence

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The AI continuum

CIO

AI’s broad applicability and the popularity of LLMs like ChatGPT have IT leaders asking: Which AI innovations can deliver business value to our organization without devouring my entire technology budget? Don’t use generative AI for a problem that classical machine learning has already solved. Learn more. [1]

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4 moves CIOs should make to achieve a more efficient IT organization

CIO

While investing in technology is key—and becoming more so—this doesn’t mean that CIO budgets won’t come under pressure, both for capital spend as well as for operations and maintenance (O&M). Optimize cloud spend It’s a good time for CIOs to conduct a financial health check on their technology budget. Not necessarily.