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3% IT budget increases fueled by AI, security, networking

Network World

IT budgets are seeing modest increases, according to recent survey data, with businesses looking to invest their IT dollars in artificial intelligence, data analytics, networking and more. Essentially, only companies in dire financial straits are likely to be cutting IT budgets.

Budget 456
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Business continuity planning: A proactive approach to threat management

CIO Business Intelligence

Current headlines from Ukraine have many companies concerned about the safety of employees or contractors residing there. Events like this highlight the importance of developing contingency plans based on events in the world that can impact businesses. Business continuity is an essential part of the planning process for CIOs and CTOs.

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AI and cybersecurity: A double-edged sword

CIO Business Intelligence

Companies like CrowdStrike have documented that their AI-driven systems can detect threats in under one second. investigation budget and achieve full detection within a 5% budget in certain cases. For example, attackers recently used AI to pose as representatives of an insurance company.

Security 306
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14 in-demand cloud roles companies are hiring for

CIO Business Intelligence

To tackle that, businesses are turning their budgets toward the cloud, with two out of every three IT decision-makers planning to increase cloud budgets in 2024, and nearly a third (31%) reporting that 31% of their IT budget is earmarked for cloud computing, according to the 2023 Cloud Computing Study from CIO.com parent company Foundry.

Cloud 325
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How resilient CIOs future-proof to mitigate risks

CIO Business Intelligence

Risk management is getting more board and executive attention, and even fairly modern risk frameworks are proving inadequate, adds Ralph Loura, former CIO and SVP at Lumentum, Hewlett-Packard, and The Clorox Company, among others. Investment in resilience is an investment in business continuity. AI assessments will follow suit.

Strategy 264
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Capitalizing on technology budgets: A CIO’s story

CIO Business Intelligence

While traditional approaches to bridging the profitability gap, like layoffs and budget cuts, can harm company culture, an innovative and practical alternative is capitalizing on technology budgets. However, it’s important to remember that headcount and budget cuts are not the only strategies to streamline costs.

Budget 162
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8 reasons your cloud costs are too high

CIO Business Intelligence

Anecdotally, Ive heard of cases where consulting companies have been brought in to optimize the use of AI models because the resourcing cost increased by hundreds of thousands of dollars due to a lack of upfront planning.

Cloud 311