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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 332
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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% The year 2023 seems to be no different.

Budget 339
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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. And there’s a labor shortage in those industries so [the focus is on] more automation and more AI.” It’s all about uptime and input.

Budget 363
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IT budget shock: Global IT services firms continue to struggle

CIO

The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector.

Budget 213
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Volkswagen drives the automotive industry cloud forward

CIO

Industry clouds are increasingly becoming go-to solutions for IT leaders seeking services tailored to their verticals. For most enterprises, this involves deploying existing industry-specific offerings from SaaS providers or hypervisors.

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Industrial modernization: Becoming future-ready in uncertain times

CIO

The industrial sector has shown incredible resiliency and has been building back fast despite significant headwinds. Industry and market trends will likely further accelerate organizational changes in 2023, particularly in this uncertain economic scenario with war and persistent inflation.

Industry 230
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UK Spring Budget: Government trumpets improved tax relief scheme for ‘R&D-intensive SMEs’

TechCrunch

Chancellor Jeremy Hunt went a small way toward addressing concerns over proposed research and development (R&D) tax credit cuts for small-and-medium sized enterprises (SMEs). But he stopped short of the u-turn some had hoped for following the Government’s Autumn Statement last November. the next Silicon Valley.

Budget 161