Remove Budget Remove Company Remove Strategic Planning
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

AI market evolution: Data and infrastructure transformation through AI

CIO

Companies are seeking ways to enhance reporting, meet regulatory requirements, and optimize IT operations. As budgets tighten, AI will soon face the same financial scrutiny as other IT investments. Sustainability and ESG are not off the AI table ESG is now a critical business imperative.

article thumbnail

Strategic planning must change with the times

N2Growth Blog

If you’re frustrated by your organization’s current strategic planning and execution processes or the outcomes from that work, you’re not alone. Here are 10 changes needed to enable a wholesale paradigm shift in strategic planning and execution methods that will significantly improve your results: 1.

article thumbnail

Welcome to Strategic Planning 2.0

N2Growth Blog

As a strategy consultant, I have had the opportunity to review a lot of strategic plans over the years. It’s been truly amazing to discover just how many major organizations develop strategic plans that contain little more than a whole lot of budget estimates and revenue projections. Strategic Planning 2.0

article thumbnail

Ways to ward off a doomed stakeholder management strategy

CIO

But as a result, anybody could then expose a lot of company data inadvertently. In our strategic plan, instead of referring to it as shadow IT, we added something called client technologist enablement,” he says. Business leaders can’t wait until next year for another budget to get approved.”

Strategy 292
article thumbnail

Top 8 challenges IT leaders will face in 2024

CIO

These external factors can have a dramatic impact on business operations and strategic planning. We are giving our budget and proposed projects more scrutiny to invest in areas that have clear attribution toward generated increased revenue, more efficiencies, lower costs, and improved workplace experiences,” Srivastava says.

Security 334
article thumbnail

One in two companies struggles with tech project delays and overspending. Here’s how dedicated teams fix this

Agile Engine

On a less optimistic note, cost-cutting remains a top priority for companies ranging from startups to giants like Apple, Cisco, and Dell. While primarily macroeconomic factors are driving this year’s challenges, there’s lots of room for improvement on a company level in terms of resilience and efficiency. The US economy also grew 3.0%

Company 52