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IT leaders adjust budget priorities as economic outlook shifts

CIO

Budget planning during uncertain economic times is never CIOs’ favorite activity. For the most part, budgets are holding steady or growing in the single digits, with continued investments in security, analytics, and the cloud, among other areas. But the next eighteen months aren’t shaping up to be as challenging as some may fear.

Budget 329
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The extent Automic’s group CIO goes to reconcile data

CIO

In addition to its technology solution, it has a range of professional services that covers company secretaries, investor and media relations, employees, environment, and social governance, among others. But investors were adamant you could build a tech company with just engineers. It’s the same with offboarding.

Groups 239
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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 362
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Prioritizing cloud security: Allocating the majority of CIOs’ cyber budgets

CIO

CIO’s cybersecurity budget allocations are too spread out across a myriad of single solutions. Cyber budgets get stretched too thinly across single solutions when they should match the organization’s IT and software spending priorities. the majority of its cybersecurity budget should go to protecting these investments.

Budget 234
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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO

There is a promising surge in the use of AI technologies across various industries. 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.

Survey 288
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IT budget shock: Global IT services firms continue to struggle

CIO

Cognizant Technology Solutions announced a full-year revenue forecast below expectations. Boston Consulting Group (BCG) has said that C-suite executives across the world are prioritizing cost management in response to ongoing economic, financial, and geopolitical uncertainties.

Budget 194
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11 ways to reduce your IT costs now

CIO

IT leaders have always needed to exercise fiscal responsibility while meeting business demands for technology. The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.” But it’s not the only one.