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Vendor management: The key to productive partnerships

CIO Business Intelligence

What is vendor management? Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security.

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

CIO Business Intelligence

Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. Forty-one percent of the CIOs in the survey said they’ve changed their cycle for revisiting IT budgets to at least every month, says Tony Olvet, IDC’s VP of worldwide C-suite and digital business research. Here’s how.

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5 ways to maximize your cloud investment

CIO Business Intelligence

No IT organization wants to get caught short on processing or storage resources that could negatively affect operations, or have to suddenly add resources that exceed the budget. In this way, you can take advantage of the cloud’s agile, on-demand approach with unlimited capacity without breaking the budget.

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10 highest-paying IT jobs

CIO Business Intelligence

Solutions architect Solutions architects are responsible for building, developing, and implementing systems architecture within an organization, ensuring that they meet business or customer needs. They’re required to work closely with upper management, executives, and key stakeholders to identify business needs and requirements.

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10 hottest IT jobs for salary growth in 2023

CIO Business Intelligence

As companies vie for talented tech workers to meet skills gaps in their organizations, the demand for certain tech roles has increased. Project manager The role of project manager is important for planning, executing, and completing IT projects on time and on budget. Average salary: US$139,683 Increase since 2021: 12.9%

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Vendor consolidation a hot-button topic for CIOs as they try to manage the tensions between innovation and efficiency

CIO Business Intelligence

One of the key steps in achieving all of the above will be vendor consolidation, and there will be a strong trend towards this in the year ahead. For example, one key piece of advice for CIOs looking at constrained budgets and inflationary pressures in the year ahead is to be open with suppliers regarding those budget constraints.

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10 best practices when partnering for strategic skills

CIO Business Intelligence

For the more specialized IT needs, there just aren’t enough people to meet the demand,” says Michael Manos, CTO of Dun & Bradstreet. Double down on vendor management. To manage these relationships, IT organizations need robust vendor management processes , says West Monroe’s Wright.