CIO Business Intelligence

NOVEMBER 8, 2023

Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. in September, 2023, the price pressures facing IT have persisted. in September, 2023, the price pressures facing IT have persisted. general inflation rate masks some higher increases hitting IT budgets.

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CIO Business Intelligence

FEBRUARY 19, 2025

If 2023 was the year of experimentation with gen AI, 2024 was when companies zeroed in on use cases and started putting pilot projects into production. In a survey of 2,300 IT decision makers that IBM released in December, 47% say theyre already seeing ROI from their AI investments, and 33% say theyre breaking even on AI.

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CIO Business Intelligence

NOVEMBER 2, 2023

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.

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CIO Business Intelligence

OCTOBER 23, 2023

As a result, most IT functions have seen budget increases, support for more staff, and higher involvement in shaping enterprise strategy , according to multiple reports. According to its 2023 research paper Total Enterprise Reinvention , “only 8% of companies are moving to adopt a strategy of Total Enterprise Reinvention.”

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CIO Business Intelligence

AUGUST 2, 2024

Singapore’s data centers have a 1% vacancy rate, and data center availability in the huge northern Virgina data center hub stands at 0.9%, despite an 18% increase in capacity between early 2023 and early 2024, according to the report. The 2023 CBRE report found that 83% of the data center capacity under construction at the time was presold.

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CIO Business Intelligence

AUGUST 15, 2024

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.

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CIO Business Intelligence

JANUARY 11, 2024

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. We believe that smart technology still holds the biggest promise to improve our client’s operations,” he says.

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CIO Business Intelligence

NOVEMBER 27, 2023

For example, it highlighted a 153% rise in global ransomware attacks from September 2022 to September 2023. To top it off, Taylor says many CIOs report having CEOs, C-suite colleagues, and workers throughout their organizations clamoring for the technology and even launching their own pet projects using the tech, further upping the stress.

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CIO Business Intelligence

SEPTEMBER 4, 2024

“Generative AI does have the ability to replace CIOs who don’t embrace the innovative shifts coming for companies,” says Tim Crawford, a former CIO himself and now a CIO strategic advisor at AVOA, a technology consultancy. You might have the CIO rolled into a different role, or you might be able to merge the CIO and CTO,” he says.

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CIO Business Intelligence

DECEMBER 29, 2023

“With a focus on automation for customer service and telesales functions, we’re looking at intelligent automation solutions that can help improve customer engagement and self-help capabilities,” says Chris Pendergast, the company’s SVP and CTO.

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CIO Business Intelligence

JUNE 26, 2023

Ross Meyercord never set out to make the leap from technology leader to CEO, but a set of intentional and opportunistic career choices delivered the breadth of business experience and leadership skills required to land the job. Neal Sample A transferable skill set Meyercord would certainly make that case. Cultivate an appetite for risk.

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CIO Business Intelligence

APRIL 20, 2023

A question of time Thomas Kiessling, CTO with Siemens Smart Infrastructure, part of the German engineering and technology conglomerate that makes trains, electrical equipment, traffic control systems, and more, understands that time is running out. As with most business challenges, data is instrumental.

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CIO Business Intelligence

MAY 20, 2024

And CIOs said the need for security improvements is the top driver of IT budget increases. That’s up from 85% who said as much in 2023. There are a couple of reasons for this increasing level of interest in ESG among tech execs, says Yang Shim, technology consulting leader with professional services firm EY Americas.

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CIO Business Intelligence

SEPTEMBER 17, 2024

In the State of Enterprise Architecture 2023 , only 26% of respondents fully agreed that their enterprise architecture practice delivered strategic benefits, including improved agility, innovation opportunities, improved customer experiences, and faster time to market.

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CIO Business Intelligence

AUGUST 14, 2024

Microsoft itself claims half of Fortune 500 companies use its Copilot tools and the number of daily users doubled in Q4 2023, although without saying how widely they’re deployed in those organizations. Many IT budgets are fixed, and saving time doesn’t automatically mean more money available to spend.

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CIO Business Intelligence

JULY 13, 2023

As Seth Dobbs, CTO at Bounteous, explains, “We do creative work. This is true for every technology company and, increasingly, for nontechnology companies seeking to implement technical solutions. Companies often approach this as contract-to-hire strategy,” explains Rowley. “Or CIOs, and their recruiting teams, are well aware.

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CIO Business Intelligence

JANUARY 2, 2024

With AI being the talk of 2023, [there were questions on] how do we, as a company, handle its adoption, governance, and education about it to our employees,” he says. Chris Bowers,CIO of Boston Consulting Group, puts it this way: “In 2024, we’re going to go after generative AI very aggressively. We’re piloting, PoC-ing.

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CIO Business Intelligence

MARCH 1, 2023

They also expect to benefit from the expertise of cloud providers—expertise that isn’t easy for companies to develop and maintain in house, unless your company happens to be a technology provider. Similarly, large data aggregators feel the need for control because they don’t want to leave their core business in the hands of a cloud provider.

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CIO Business Intelligence

AUGUST 29, 2024

James Collin, a professional connection who was at that time Delaware State CIO, asked Lane if he would be interested in stepping into the vacant CTO role. Lane became CIO of Delaware State in July 2023, with the governor asking if he’d take on the chief IT role following Collin’s 2020 departure and the tenure of an interim CIO.

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CIO Business Intelligence

OCTOBER 21, 2024

Meanwhile, Foundry found in its 2024 State of the CIO Study that 88% of CIOs said their role has become more digital and innovation focused, up from 85% in 2023. Fundamentally people don’t understand how their business activities — the processes, services, and customer journeys — are tied to the technologies,” Carandang says.

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CIO Business Intelligence

OCTOBER 24, 2024

Beyond the CIO First, no formal request was made to the CIO — the chief information officer — to execute a project, nor were business requirements defined, or even an elaborate budget needed. Funding for this is minimal at first and likely to grow — outside of the IT budget.

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CIO Business Intelligence

JANUARY 4, 2024

CIOs had to navigate a labyrinth of challenges in 2023: generative AI rewrote the rulebook of technological possibility, governments started to draft new regulatory frameworks for the tech sector, and global conflicts disrupted business operations. Through it all, CIOs had to adapt swiftly.

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