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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 449
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Business continuity planning: A proactive approach to threat management

CIO Business Intelligence

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. Black swan events can impact businesses in significant ways. earthquakes) Directed threats (e.g.,

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How resilient CIOs future-proof to mitigate risks

CIO Business Intelligence

Resilience tactics can also correlate individual failures to direct financial repercussions. Among other things, resilience practices help to identify single or concentrated points of failure, understand potential financial impacts related to outages and disruptions, and establish and test recovery capabilities, says Stapleton.

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

This is particularly true when a thorough total cost of ownership and FinOps analysis hasnt been conducted to maximize the business value of cloud investments and enable timely, data-driven decision-making. Myers also stresses the need to establish a strong cloud foundation that supports both immediate deployment needs and future workloads.

Cloud 311
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What the Digital Operational Resilience Act means for you

CIO Business Intelligence

Introduced in 2020—and later enacted in 2022—DORA aims to establish a consistent and common level of digital operational resilience across financial services firms in—or doing business with—the EU. While it’s an EU policy with ramifications for EU businesses, the impact will undoubtedly affect businesses worldwide.

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The CIO’s missing priority

CIO Business Intelligence

In the past, investing too little in security meant accepting a higher risk of intrusions that could lead to significant financial pain. Underinvesting in security now means accepting a higher risk of being knocked entirely out of business. Security is, for today’s CIO, a two-edged blade. One sharp edge is underinvesting in security.