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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 342
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Java developers wanted, report says

InfoWorld

Most respondents to a recent survey on Java productivity said their companies plan to add Java developers this year, while a bit less than half plan to increase their Java tool budget. These findings were included the 2024 Java Productivity Report from development tools provider Perforce Software, released March 5.

Report 94
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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 it’s not just applications development where such tools are having an impact. growth,’’ the firm wrote in a newly-published report on worldwide IT spending in Q4 22.

Budget 363
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Illuminating the black box: why CIOs should consider publishing an annual IT report

CIO

One vehicle might be an annual report, one similar to those that have been published for years by public companies—10ks and 10qs and all those other filings by which stakeholders judge a company’s performance, posture, and potential. Such a report has a legacy already, if only a short one. Good question. Let’s start with Performance.

Report 313
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IT budget shock: Global IT services firms continue to struggle

CIO

Recent financial reports from major global IT services firms have highlighted a concerning slowdown in the industry that could persist, signaling potential changes to hiring and spending plans. These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector.

Budget 246
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Budgeting Hacks for Small Business Owners

Kaseya

Managing a business without a budget is like navigating a maze without a map. So, if you want your business to succeed and grow, you must not only design a practical budget but also execute it intelligently. Here are some of the best budgeting tips and lessons you can use to get the most out of your finances this year.

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Daily Crunch: Nigerian startup that stored its ‘day-to-day operational budget’ on FTX announces staff cuts 

TechCrunch

Mary Ann starts us off by reporting on SoftBank writing down an almost $100 million investment into FTX. This FTX business has wide reach : Tage reports on what happens to a young company that held some assets in FTX and now can’t access them due to, well, you know. Oh no, Quix is developing event-driven applications with Python.

Budget 236