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6 tips for making the most of a tight IT budget

CIO Business Intelligence

IT leaders seeking to drive enterprise growth through technology investments are often saddled with budgets that make their tasks of increasing the top and bottom lines challenging. Despite an estimated increase to IT budgets of 5.1% The year 2023 seems to be no different.

Budget 345
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How to calculate TCO for enterprise software

CIO Business Intelligence

But if you’re a department head pitching a major software expenditure to a CIO, if you’re a CIO with a limited budget trying to choose between competing projects, or you’re a CIO trying to sell a software-driven strategic initiative to the CEO or the board of directors, a strong TCO analysis is a must.

Software 328
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8 big IT failures of 2023

CIO Business Intelligence

The outage was traced to a damaged database file; a contractor was working to correct a problem with the synchronization between live and backup databases and ended up corrupting both. And arise it did on January 24, when a Chicago employee failed to turn the backup server off at the appropriate time.

Backup 345
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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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11 ways to reduce your IT costs now

CIO Business Intelligence

“The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.” The need to reorient IT’s budget toward future opportunities is one big reason CIOs are reviewing their IT portfolios now.

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Re-Tooling Your Way to a More Efficient Enterprise

CIO Business Intelligence

This blog will examine how enterprises can take stock of their systems, and offer best practices for IT teams with small budgets looking to re-tool. Getting by on Small Budgets. Smaller businesses with tighter budgets are often more likely to undertake re-tooling. The Importance of Self-Analysis.

Tools 279
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The Hidden Costs of AI Implementation: What No One Tells You

Eric D. Brown

You know the drill: software licenses, subscription fees, consulting fees, and hardware infrastructure. The remaining 70% comprises hidden costs that rarely make it into initial budgets or project proposals. I recently talked to the CEO of a mid-sized manufacturing company that budgeted $500,000 for an AI-driven quality control system.

Budget 130