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Capitalizing on technology budgets: A CIO’s story

CIO

While traditional approaches to bridging the profitability gap, like layoffs and budget cuts, can harm company culture, an innovative and practical alternative is capitalizing on technology budgets. However, it’s important to remember that headcount and budget cuts are not the only strategies to streamline costs.

Budget 162
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The art of selling: IT budget approval made easier

CIO

Because as a young CIO, I was struggling with obtaining budget approvals for a range of IT initiatives. Today, technology capabilities deliver significantly greater capability than they did even five years ago, but the basic calculus of “selling” hasn’t changed much for CIOs. Why was I at this presentation, you ask?

Budget 255
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Selecting a Software Development Company in 2024

TechEmpower CTO

Given this diversity, it's important to be selective in the development services company with whom you choose to partner. In the 25 years that TechEmpower has been in business, we’ve seen thousands of companies come and go. Are specific technologies or platforms involved in your project? Were they finished on time and on budget?

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IT budgets remain solid, despite tech industry headwinds

CIO

A report issued Monday by private investment company Bain Capital indicated that, despite the numerous disruptions to the technology industry—including a global supply chain crisis and Russia’s invasion of Ukraine—most IT decision makers foresee either stable budgets or increases for the coming year. Budgeting, IT Strategy

Budget 340
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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% Despite an estimated increase to IT budgets of 5.1%

Budget 344
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IT pros say tech budgets to stay strong, but mainly for big companies

CIO

while 61% of large enterprises said that they plan an expansion of IT spending in 2023, just 41% of smaller companies said the same. Counterintuitively, the researchers said, companies more worried about the effects of a possible recession were more likely to have bigger IT spending in their future plans than those who were not.

Budget 243
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5 hot IT budget investments — and 2 going cold

CIO

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. At the same time, they are defunding technologies that no longer contribute to business strategy or growth. The company is embedding AI into each level of the tech stack it sells to customers, he says. “We

Budget 363