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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 199
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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.

Budget 218
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Exploring the digital impact in Northern Ireland’s health and social care system

CIO

Although progress is being made that should be recognized and celebrated, Dan West, CDIO for Health and Social Care in Northern Ireland’s Department of Health, understands that the pandemic still casts a lingering shadow over national health and care systems, contributing to continuing rampant fatigue among staff and subsequent strikes over pay.

Social 148
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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. While it’s an EU policy with ramifications for EU businesses, the impact will undoubtedly affect businesses worldwide.

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Soci raises $120M in debt and equity to grow its marketing management platform

TechCrunch

Soci provides customers marketing-focused workflows, a permissioning system, approval processes and analytics and management tools that integrate with popular ad networks. Beyond this, it delivers a database for consolidating marketing info including data from search, social media, reviews, surveys and chatbots.

Marketing 234
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One banks $40M to offer ‘all-in-one’ financial services to the middle class

TechCrunch

Progress ive Investment Company (the insurance giant’s investment arm) led the round, which included participation from Obvious Ventures, Foundation Capital, Core Innovation Capital and others. These customers are harder to acquire because banks hate to lose them due to their large lifetime values,” he said.

Banking 253
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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.