Remove 2022 Remove Budget Remove Licensing
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NASA overspent $15 million on unused Oracle licenses as it failed to track usage

CIO Business Intelligence

The report attributes the huge over-expenditure to vendor lock-in and NASA’s unwillingness to risk a license audit by Oracle because of its lack of visibility into software management. These challenges expose the agency to increased costs because of penalties for violations of software licensing agreements, the report showed.

Licensing 306
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How Birmingham’s $48M Oracle ERP project turned into an epic failure

CIO Business Intelligence

The system, intended to streamline payments and HR processes, is now unlikely to function correctly before 2026 four years after its 2022 launch. Licensing and customization fees added further strain to the budget. The project involved replacing the city councils long-standing SAP system with Oracle Cloud.

Oracle 227
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Third-party support: a cure for convoluted database costs

CIO Business Intelligence

Expansion of license types. These different databases have varying licensing mechanisms, including traditional, cloud, full open source, and commercial open source. Complex licensing structures. Complex licensing structures. Many database vendors tout a flexible licensing structure. Increasing use of the cloud.

Oracle 130
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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. in June, 2022, to 3.7% in June, 2022, to 3.7% general inflation rate masks some higher increases hitting IT budgets. While inflation challenges have moderated in the US from a high of 9.1%

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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. growth experienced in 2022.

Strategy 351
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5 hidden costs of working with alt data

CIO Business Intelligence

According to a 2022 survey by law firm Lowenstein Sandler, 92% of investment organizations, from hedge funds and private equity to venture capital, are using alt data to a moderate or significant extent to inform decision making. Respondents also expect their use of alt data to increase through 2022.

Data 264
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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.

Cloud 312