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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.

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COVID-19 Long Tail Budget Impact

DevOps.com

Technology budgets have shifted dramatically since the beginning of the COVID-19 pandemic, according to a recent study from online CIO networking and information hub, Pulse. The pandemic, and its resulting shutdown, will likely continue to have a substantial impact on technology budgets for some time.

Budget 140
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To optimize for growth, study your down-funnel metrics

TechCrunch

Here’s an example of how we prioritized budget allocation with down-funnel metrics: Indeed seems to be the worst acquisition channel (CPL) but ends up being the best over time (ROAS). Cross-functional teams (i.e., product, growth and data) should continuously question the best sources of traffic at a defined cadence, too.

Metrics 226
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Hiring top startup talent on a budget during the Great Resignation

TechCrunch

A Pew Research study found that most workers exit for one of three reasons: They’re not making enough money, aren’t being offered opportunities to advance, and perhaps most importantly, many feel like they’re being disrespected. Bureau of Labor Statistics.

Budget 237
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Success Story: Swiss Insurtech Company Hires a Remote CTO from Ukraine

While some businesses choose the strategy of improving their HR brand, extending the number of employees' perks and increasing the hiring budgets, other companies decide not to fight for the resources in the red ocean and open for themselves the alternative of hiring dedicated resources overseas.

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Budgeting Hacks for Small Business Owners

Kaseya

Managing a business without a budget is like navigating a maze without a map. So, if you want your business to succeed and grow, you must not only design a practical budget but also execute it intelligently. Here are some of the best budgeting tips and lessons you can use to get the most out of your finances this year.

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Banks bet on AI to deliver digital efficiencies

CIO

In the face of shrinking budgets and rising customer expectations, banks are increasingly relying on AI, according to a recent study by consulting firm Publicis Sapiens. According to the study, the biggest focus in the next three years will be on AI-supported data analysis, followed by the use of gen AI for internal use.

Banking 212