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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. This applies to his IT group as well, specifically, in using AI to automate the review of customer contracts, Nardecchia says.

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Selling the C-suite on preemptive IT investments

CIO

But disaster recovery is just one example of projects that are of an important and preemptive nature that CIOs want to fund but find de-prioritized when it comes to budget approval. Others include preparation for zero-day attacks, almost anything having to do with data stewardship, as well as IT training and social engineering audits.

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4 hidden risks of your enterprise cloud strategy

CIO

And those massive platforms sharply limit how far they will allow one enterprise’s IT due diligence to go. When performing whatever minimal due diligence the cloud platform permits — SOC reports, GDPR compliance, PCI ROC, etc. it’s critical to remember that it is only a snapshot at that moment of evaluation.

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A look at the budding market for the text that prompts AI systems

TechCrunch

Writing the text strings that instruct AI systems like ChatGPT and DALL-E 2 to generate essays, articles, images and more has become a veritable profession, commanding salaries well into the six-figure range. But not every company or developer has the budget to hire a so-called prompt engineer. Move over, software.

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Prioritizing AI? Don’t shortchange IT fundamentals

CIO

It’s easy to view these as competing priorities vying for CIO attention and budget that are unfairly dwarfed by boardroom interest in the new and shiny opportunities promised by gen AI. Data due diligence Generative AI especially has particular implications for data security, Mann says.

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What the Digital Operational Resilience Act means for you

CIO

Cyber attacks and data breaches can wreak havoc on a business’ IT systems, resulting in massive costs to fix the damage and a long-lasting impact on customers that could hamper a company’s growth for years to come. Implement ICT security tools and processes: Any DORA-focused preparations need to take tools and processes into account.

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The ‘IT Business Office’: Doing IT’s admin work right

CIO

Among the unenlightened, running IT “like a business” is supposed to be best practice, delivering goods and services to internal customers who IT must fully satisfy, and who then pay for what IT delivers to them through the auspices of a charge-back system. Overseeing the IT budgeting process: Each IT manager has a budget to manage to.

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