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5 hot IT budget investments — and 2 going cold

CIO

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. At the same time, they are defunding technologies that no longer contribute to business strategy or growth. The company is embedding AI into each level of the tech stack it sells to customers, he says. “We

Budget 363
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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO

There is a promising surge in the use of AI technologies across various industries. This transition has propelled AI and machine learning to the forefront, with 51% of CIOs identifying these technologies as among their most urgent priorities, alongside cybersecurity, highlighting their crucial role in driving organizational success.

Survey 342
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IT budget shock: Global IT services firms continue to struggle

CIO

Cognizant Technology Solutions announced a full-year revenue forecast below expectations. Structural changes and impact of AI Analysts point out that the noticeable downturn in growth expectations is likely to persist due to major structural changes in the US. Consequently, the qualities and skills sought in employees are evolving.

Budget 246
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TechCrunch+ roundup: Psychedelic investor survey, 6 issues VCs look for, hiring on a budget

TechCrunch

Hiring top startup talent on a budget during the Great Resignation. Budgeting and planning for your first digital product. If you can envision a solution that solves a customer’s problem, it helps to have technical skills if you want to bring it to market. Budgeting and planning for your first digital product.

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Top 8 challenges IT leaders will face in 2024

CIO

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. He attributes the cautious attitude of tech leaders to elevated inflationary pressures and higher interest rates.

Security 334
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4 ways to ensure CEO support for your digital strategy

CIO

It’s then up to the CIO to sound less like a technical guru and more like the finance, marketing, and payroll people, making it clear that every activity takes place on the IT infrastructure. To help earn this, at the end of each year, Ardolino prepares his own budget forecast document, which he then reviews with the CFO and CEO.

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Many CIOs are better equipped to combat rising IT costs. Are you?

CIO

Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. Here’s how.