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7 signs it’s time to modernize your IT systems

CIO

The bad news, however, is that IT system modernization requires significant financial and time investments. On the other hand, there are also many cases of enterprises hanging onto obsolete systems that have long-since exceeded their original ROI. Kar advises taking a measured approach to system modernization.

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

Budget 363
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The IT complexity puzzle and how modernizing IT service management can help CIOs solve it and unlock growth

CIO

According to a recent Harvard Business Review Analytic Services report, 80% of IT decision-makers surveyed agree improving ITSM at their organization would raise employee satisfaction with the IT department; yet only 22% say their organization provides ITSM in a very effective manner.

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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. million.

Study 298
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Streamlining Corporate Reporting with Oracle Narrative Reporting

Datavail

In the fast-paced world of corporate finance, accurate and timely reporting is more critical than ever. As economic landscapes shift, reported earnings can become increasingly volatile, making it essential for organizations to provide clear and sustainable explanations of their financial performance.

Report 74