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IT budgets remain solid, despite tech industry headwinds

CIO

A report issued Monday by private investment company Bain Capital indicated that, despite the numerous disruptions to the technology industry—including a global supply chain crisis and Russia’s invasion of Ukraine—most IT decision makers foresee either stable budgets or increases for the coming year. Budgeting, IT Strategy

Budget 342
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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 276
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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. Paying more for IT labor Another key item to budget for is IT staff.

Budget 331
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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. growth,’’ the firm wrote in a newly-published report on worldwide IT spending in Q4 22. The unified communications market’s meager 1.6%

Budget 363
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Achieve Manufacturing Digital Transformation

Smart manufacturing represents roughly 27% of the average annual digital transformation budget for engineering-oriented manufacturers. Read this report to learn how to merge digital information with your physical environment and reap the rewards of smart manufacturing.

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70% of legal departments don’t invest in digital transformation: Report

CIO

More than 70% of US legal departments across enterprises spanning various industry sectors have not made any investment towards digital transformation in the last two years, according to a joint report from The Association of Corporate Counsel (ACC) and legal-technology company Disco.

Report 264
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Illuminating the black box: why CIOs should consider publishing an annual IT report

CIO

One vehicle might be an annual report, one similar to those that have been published for years by public companies—10ks and 10qs and all those other filings by which stakeholders judge a company’s performance, posture, and potential. Such a report has a legacy already, if only a short one. Good question. Let’s start with Performance.

Report 311