article thumbnail

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% The year 2023 seems to be no different.

Budget 345
article thumbnail

DIY cloud cost management: The strategic case for building your own tools

CIO

He and his teams tried a few off-the-shelf tools but were never satisfied with the support for linking a cloud resource to a line of business to determine ownership. And that’s all before considering the need to fuel new AI initiatives , which can push cloud costs up further.

Tools 284
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Industry Leaders Forum: Budgeting Tactics and Strategies, Part 2

Praxent

To make the most out of tech spend, credit unions must first understand what sets their individual institutions apart, their niche, and then prioritize resources in that area. While off-the-shelf products have a place, such as for back-office functions, they often fail to spark strong member loyalty or engagement.

Budget 52
article thumbnail

How Can CIOs Avoid Wasting Their Budget?

The Accidental Successful CIO

What steps can a CIO take in order to avoid spending their budget buying technology that will just end up going to waste? All too often they end up building something new rather than buying off the shelf. However, this is where things can start to get a bit complicated. Where Is The Money Going?

Budget 52
article thumbnail

Understanding the Dynamics of Custom Software Development

The Crazy Programmer

Compared to commercial off-the-shelf software products (COTS), custom-developed software is built to meet a narrow, specific set of requirements. Commercial off-the-shelf products are obviously designed to appeal to the masses as they are commercially marketed and distributed. Why Choose Custom Software Development?

article thumbnail

5 questions CIOs must ask after Southwest Airlines’ failure

CIO

In 2017, Fast Company wrote that Southwest Airlines’ digital transformation “takes off” with an $800 million technology overhaul, but only $300 million was dedicated to new technology for operations. While weather may have been the root cause, the 16,000 flights canceled between Dec. 19-28 far exceeded any other airlines’ operational impacts.

Airlines 361
article thumbnail

With more cash and a launch, Vannevar Labs is reconnecting Silicon Valley to its defense industry roots

TechCrunch

It’s focused on foreign language natural language processing, organizing overseas data and resources that are collected by the intelligence community and then immediately translating and interpreting those documents for foreign policy decisionmakers. I last chatted with the company just as it was debuting in late 2019 , having raised a $4.5

Industry 244