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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 343
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The Cost-Saving Benefits of Migrating Oracle E-Business Suite to AWS

Datavail

This means you can effectively choose the right resources for your application based on your performance requirements and budget. AWS offers numerous disaster recovery options, from simple backups to fully automated multi-site failovers.

AWS 74
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U.S. Telecom Company Completes Oracle EPM 11.2 Upgrade

Datavail

before December will need to purchase Oracle’s Extended Support plan so that their software doesn’t fall out of compliance—but this is only intended as a stopgap measure until you complete the upgrade. Oracle upgrades are complex, involved projects that need to be planned and budgeted for well in advance.

Company 85
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The Top 6 Factors to Consider for an Oracle Hyperion EPM Cloud Migration

Datavail

On the other hand, the cloud also offers advantages such as data backups and better disaster recovery and business continuity, which can help lower the existential risk to your business. From business risk to time and budget concerns, there are many factors to weigh when considering an Oracle EPM cloud migration. Conclusion.

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Optimizing Cloud Costs: A Clear Roadmap for SMEs to Efficiently Manage Cloud Resources

Trigent

Additionally, research data reveal that over 50% of SMEs’ technology budget in 2023 is designated for cloud expenditure. Another research data shows that more than 50% of the technology budget for SMEs is diverted towards cloud spend in 2023, with more than 54% of SMEs spending $1.2 million on cloud-related expenses.

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Managed Services: Everything You Need to Know

Kaseya

Think hardware, software, networks, communications systems, cybersecurity, help desk, problem resolution and even strategic planning for the future. A fixed operational cost makes it easy for customers to plan budgets and make financial forecasts for their business. Backup and Disaster Recovery.

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Is Your Business Sinking? 12 Holes You Need To Plug

Strategy Driven

Craft your budget carefully, and then faithfully stick to it. It’ll provide you information required for strategic planning and identifying undisclosed holes you haven’t plugged in yet. These assets can become your much-needed backup for the business. Moreover, avoid reaching a decision impulsively. Trust your team.