Remove 2022 Remove Budget Remove Fractional CTO
article thumbnail

New CIO appointments in India, 2022

CIO Business Intelligence

March 2022. He joins the Indian beverage company after a 17-year stint at Wockhardt where he was associate vice president of information technology head. February 2022. Amit Goel joins Blox as CTO. Real estate buying platform Blox has appointed Amit Goel as its chief technology officer, based in Mumbai.

article thumbnail

5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. This applies to his IT group as well, specifically, in using AI to automate the review of customer contracts, Nardecchia says. growth in 2022, according to Gartner.

Budget 145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. in June, 2022, to 3.7% in June, 2022, to 3.7% McKee, tech founder and digital twins thought leader at Counterpoint Technologies, acts as a part-time CTO for nine companies in the US and Europe.

article thumbnail

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

CIO Business Intelligence

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 140
article thumbnail

8 top priorities for CIOs in 2023

CIO Business Intelligence

As technology projects, budgets, and staffing grew over the past few years, the focus was on speed to market to maximize opportunity, says Troy Gibson, CIO services leader at business and IT advisory firm Centric Consulting. The challenge is finding ways to achieve these goals in an era of constricted budgets.

article thumbnail

Is the gen AI bubble due to burst? CIOs face rethink ahead

CIO Business Intelligence

million to roll out, with a recurring annual budget hit of $8,000 to $11,000 per user. Operating profit gains from AI doubled to nearly 5% between 2022 and 2023, with the figure expected to reach 10% by 2025, she adds. Gen AI projects can cost millions of dollars to implement and incur huge ongoing costs, Gartner notes.

article thumbnail

Practical advice to optimize savings with cloud migrations

CIO Business Intelligence

A 2022 survey of 850 IT leaders by Foundry found more than two-thirds were accelerating their cloud migration and nearly three-quarters (72%) were defaulting to cloud-based services for upgrades or new IT purchases. Host Isaac Sacolick ( @nyike ) was joined by a bevy of consultants and practitioners who had no shortage of advice on the topic.

Cloud 111