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IT downtime cuts enterprise profit by 9%, says study

CIO

Downtime cost large enterprises an average of $200 million annually, cutting 9% from yearly profits, according to a study commissioned by Splunk. And while ransomware accounts for a relatively small proportion of that total, enterprises should really be budgeting more for it. million on observability tools, the study found.

Study 298
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Broadcom Software: Taming IT Complexity through Effective Strategies and Partnerships

CIO

By Andy Nallappan, Chief Technology Officer and Head of Software Business Operations, Broadcom Software The information technology that enables scientific and commercial breakthroughs, from precision medicine to digital transformation, demonstrates tech’s boundless potential to improve our world.

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Code Review Services from Senior Architects

Mobilunity

This kind of code is critical for your end product, and it’s unattainable without professional source code review services. From this article, you’ll learn how to employ a code reviewer or hire QA tester. A code auditor can also help you identify security violations and errors in architecture design.

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IT Budgeting: Exploring Cost Reduction Strategies

Kaseya

Building an IT budget that drives innovation and business growth while controlling costs at the same time can be a herculean struggle for many IT teams. Let’s look at some ways IT teams can find that balance between cost control and innovation in their 2021 IT budgets. IT Budgeting. IT Cost-Reduction Strategies.

Budget 105
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5 IT risks CIOs should be paranoid about

CIO

One question CIOs need to consider today is whether code-generating AIs in software development are contributing to code-level technical debt. Alternatively, there’s the opportunity to use code copilots or gen AI low-code capabilities to simplify and reduce code.

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CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO

To be sure, enterprise cloud budgets continue to increase, with IT decision-makers reporting that 31% of their overall technology budget will go toward cloud computing and two-thirds expecting their cloud budget to increase in the next 12 months, according to the Foundry Cloud Computing Study 2023.

Strategy 351
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7 signs it’s time to modernize your IT systems

CIO

This is true whether it’s an outdated system that’s no longer vendor-supported or infrastructure that doesn’t align with a cloud-first strategy, says Carrie Rasmussen, CIO at human resources software and services firm Dayforce. He recommends building a user feedback loop and carefully studying satisfaction metrics.