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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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5 tips for better business value from gen AI

CIO

According to AI at Wartons report on navigating gen AIs early years, 72% of enterprises predict gen AI budget growth over the next 12 months but slower increases over the next two to five years. But if all gen AI does is improve productivity, CIOs may be challenged long term to justify budget increases and experiments with new capabilities.

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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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With fresh capital, Symend aims to build a better debt collection system

TechCrunch

The New York Fed’s study also showed that the share of current debt becoming delinquent climbed for nearly all debt types, from mortgages to auto loans. ” With fresh capital, Symend aims to build a better debt collection system by Kyle Wiggers originally published on TechCrunch. . trillion, $2.36 delinquent credit card).

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Why GreenOps will succeed where FinOps is failing

CIO

Capital One built Cloud Custodian initially to address the issue of dev/test systems left running with little utilization. Architects must combine functional requirements with multiple other long-term requirements to build sustainable systems. Overemphasis on tools, budgets and controls. Neglecting motivation.

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3 recruiting metrics that can help startups make more data-driven hiring decisions

TechCrunch

According to Harvard Business Review , the price of a bad hire is 30–50% of their salary, which can hit startup budgets hard in 2023. A recent study says the average benchmark is $4,700. If the cost is over $6,000, it makes sense to review your strategy. Second, tally up all expenses.

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LinkSquares benefits from the legal tech boom with a fresh $100M

TechCrunch

” Founded in 2015, LinkSquares was inspired by Sunak’s and Chris Combs’ work with contracts and due diligence over the course of a company acquisition. The idea to review each contract, read the provision related to data transfer, and store the answer seemed straightforward — at first.