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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% It took some time for me to realize how to make the right tech choices.

Budget 344
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Today’s best CIOs are strategy wranglers

CIO

Twenty-plus years in, CIOs have discovered that, when it comes to IT, everything is going to need a strategy. As CIO, you need a data strategy. You need a cloud strategy. You need a security strategy. Just this past year another strategy must-have arrived to upend nearly every organization.

Strategy 295
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Simplifying IT strategy: How to avoid the annual planning panic

CIO

For those companies operating on a calendar year, the end of summer signals the start of annual planning and the mad dash to prepare their IT strategies. Your answers will lay the foundation for your strategy and highlight where your story needs work if you want to avoid fire drills in the eleventh hour. How much will it cost?

Strategy 244
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How to get your CFO to buy into a better model for IT funding

CIO

In contrast, traditional organisations use a project-based approach to delivery, with temporary teams created on an as-needed basis for a specific purpose with budgets based on up-front funding estimates. If the scope is clear and easy to define up-front, it’s a great way to keep everyone on track and ensure teams are delivering to budget.

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Success Story: Swiss Insurtech Company Hires a Remote CTO from Ukraine

While some businesses choose the strategy of improving their HR brand, extending the number of employees' perks and increasing the hiring budgets, other companies decide not to fight for the resources in the red ocean and open for themselves the alternative of hiring dedicated resources overseas.

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5 hot IT budget investments — and 2 going cold

CIO

At the same time, they are defunding technologies that no longer contribute to business strategy or growth. Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group. This should secure our business strategy for the next five years and longer.”

Budget 363
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10 cloud strategy questions every IT leader must answer

CIO

Although some continue to leap without looking into cloud deals, the value of developing a comprehensive cloud strategy has become evident. Without a clear cloud strategy and broad leadership support, even value-adding cloud investments may be at risk. Cloud costs will often — and rapidly — become large line items on budgets.

Strategy 360