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IT leaders adjust budget priorities as economic outlook shifts

CIO

Budget planning during uncertain economic times is never CIOs’ favorite activity. For the most part, budgets are holding steady or growing in the single digits, with continued investments in security, analytics, and the cloud, among other areas. But the next eighteen months aren’t shaping up to be as challenging as some may fear.

Budget 331
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Prioritizing cloud security: Allocating the majority of CIOs’ cyber budgets

CIO

CIO’s cybersecurity budget allocations are too spread out across a myriad of single solutions. Cyber budgets get stretched too thinly across single solutions when they should match the organization’s IT and software spending priorities. the majority of its cybersecurity budget should go to protecting these investments.

Budget 278
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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. The company is embedding AI into each level of the tech stack it sells to customers, he says. “We

Budget 363
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DTN’s CTO on combining IT systems after a merger

CIO

DTN is more than just a weather forecaster: It also offers decision-support services to companies in agriculture, energy, commodities, and the finance industry. Over the years, DTN has bought up several niche data service providers, each with its own IT systems — an environment that challenged DTN IT’s ability to innovate. “We

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6 places where investors look for problems when you’re fundraising

TechCrunch

They have a basic accounting system, know how to construct a budget and have policies and procedures for accounts receivable and accounts payable. During due diligence, every investor is looking for an accurate view of your business performance, value and potential. What investors want to know.

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IT downtime cuts enterprise profit by 9%, says study

CIO

And while ransomware accounts for a relatively small proportion of that total, enterprises should really be budgeting more for it. For the study, titled “The Hidden Costs of Downtime,” Oxford Economics quizzed executives from Global 2000 companies about the causes and costs of downtime in IT systems.

Study 298
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7 signs business stakeholders will sink your IT project

CIO

Common factors of project failure are missed deadlines, blown budgets, or deliverables that fail to meet original objectives. And they keep on top of project budgets. But what if your problem isn’t IT but with the users themselves? Further work on the internal system could have been stopped, and IT could have moved on.