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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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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 345
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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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Industry Leaders Forum: Budgeting Tactics and Strategies, Part 2

Praxent

Credit unions that carefully consider their competitive differentiator or unique niche, and then prioritize technology budget in that area, will be well positioned to optimize their tech spend and strengthen member loyalty.

Budget 52
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4 hidden risks of your enterprise cloud strategy

CIO

Moreover, most enterprise cloud strategies involve a variety of cloud vendors, including point-solution SaaS vendors operating in the cloud. If all enterprises do this, the industry could survive the next crisis. Budgeting, Cloud Computing, Cloud Management, Cloud Security, Compliance, IT Governance, Managed Cloud Services

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CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO

To be sure, enterprise cloud budgets continue to increase, with IT decision-makers reporting that 31% of their overall technology budget will go toward cloud computing and two-thirds expecting their cloud budget to increase in the next 12 months, according to the Foundry Cloud Computing Study 2023.

Strategy 351
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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. Although there are efforts to boost industries such as semiconductors, there is much uncertainty about when the impact may be seen.

Budget 246