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This approach not only ensures wise expenditure of remaining budgets but also significantly strengthens organizational security postures. Addressing Training Budgets: Year-End Budget Scenario: It’s common for organizations to approach year-end with an unused budget designated for training.
CIOs worried about where the money for new AI initiatives will come from may have some help on the way, with some companies apparently selling off non-core assets to pay for new AI projects. AI is both a huge potential gamechanger for many companies and a huge expense to get right, he says.
With nearly 90% of companies reporting cyberattacks, pen testing budgets are on the rise, with cloud infrastructure and services a key focus area, according to a new report. The post Pen testing report: IT budgets should focus on entire security stack appeared first on TechRepublic.
based company going public, but Veeam is nearing $2 billion in revenue and maintains healthy margins so theres no urgency to join the capital markets. Historically, a company like Microsoft would build software and customers would use a product like Veeam to protect it and provide backup services when required.
TechRepublic speaks with Carlos Morales of Neustar Security Services on the best ways for companies to spend on cybersecurity — even if their budgets are tighter. The post Here’s how IT budgets should fill cybersecurity moats in 2023 appeared first on TechRepublic.
Skillsoft surveyed some 5,100 global IT decision-makers and professionals to learn more about the technologies they plan to invest in as well as the areas in which they are challenged to find skilled workers.
SAP user companies are up against the clock. While that may appear to be a distant concern, companies currently working toward an S/4HANA transition, even those with a high level of IT maturity, are finding the journey challenging. Only8% of companies that have completed the transition to S/4HANA did so on schedule.
Despite those complications, a huge majority of IT leaders expect their organizations’ IT budgets to increase — at least moderately — in the next fiscal year, with IT talent and software spending leading the way. Talent, software spending lead the way According to Forrester’s guide, personnel accounts for nearly 35% of IT budgets.
Broadcom’s research found that 98% of companies use or plan to use cloud infrastructure and 95% support remote workers—two factors that contribute to network complexity. And 80% reported that the internet and cloud environments create network blind spots, while 78% said that network complexity has “grown significantly over the last few years.”
When your CEO or CFO asks about the budget needed for technical debt remediation , do you find yourself struggling to justify the investment? While CIOs understand the crushing weight of technical debt — now costing US companies $2.41 While CIOs understand the crushing weight of technical debt — now costing US companies $2.41
As IT budgets shift toward services and software, now is the time for high tech companies to adopt a sharply focused, customer-centric strategy to remain competitive.
The recent consumerization of artificial intelligence means that companies can unlock valuable new use cases, even if they lack pricey data scientists and high-performance infrastructure.
Enterprises are now spending about 35% of their data center CapEx budgets on accelerated servers optimized for AI, up from 15% in 2023, says DellOro analyst Baron Fung. For hyperscalers, the AI investment is even higher, as they are already spending 40% of their budgets on accelerated servers.
Cloud spending is going up and budgets are tightening, so theyre asking whats going on and how do we right this ship. As VP of cloud capabilities at software company Endava, Radu Vunvulea consults with many CIOs in large enterprises. Between 80 and 85% of the companys IT operations are in the cloud, and he expects it to stay that way.
In the face of shrinking budgets and rising customer expectations, banks are increasingly relying on AI, according to a recent study by consulting firm Publicis Sapiens. Even beyond customer contact, bankers see generative AI as a key transformative technology for their company.
Cisco’s second annual AI Readiness Index notes a “huge chasm” between the urgency companies feel to deploy AI and their ability to actually do it. Some 8,000 global companies were surveyed for the AI Readiness Index, which aims to measure how prepared organizations are to invest in, deploy and use AI.
When we go into most companies, their backlog of gen AI use cases [is substantial], specifically in the hundreds, he says. Spending still increasing Even with mixed results in the past year, many companies are planning to increase their gen AI spending in 2025 and beyond.
CISOs for US states face the same kinds of challenges those at private companies do: lots of work to handle, but not necessarily enough money or people to handle it sufficiently well.
This trend aligns with broader European movements, where companies accelerate digital transformation efforts and seek greater operational efficiency through advanced technologies. However, there is a notable decline in organizations maintaining a stable SAP budget, with only 23% keeping spending unchanged compared to 32% in 2024.
Budget constraints Barrier: IT modernization requires substantial investment, and budget constraints are a common hurdle. Solution: To address budget constraints, organizations should adopt a strategic approach to funding IT modernization. the world’s leading tech media, data, and marketing services company.
Since AI is new for most companies, this creates a budgeting challenge for their AI initiatives. That uncertainty creates a challenge for risk-averse companies that must work within budget constraints. Pay-as-you-go pricing is a way to reduce financial risk by not locking into long-term contracts.
The company is focused on use-based pricing, with only one customer seat required to administer it, he adds. By pricing based on the underlying costs of compute, latency, and throughput, this model provides clarity on how charges are determined and allows for more precise budgeting, Leo John says.
Many CIOs expect significant price increases in the cloud and other IT products and services during 2025, requiring those with stagnant budgets to make difficult decisions about IT spending. Vendors are cranking up prices across the board, forcing companies to be sharper with their budgets, he says.
I am skeptical that the majority of companies will choose to upskill these people” because IT executives “are beholden to the bottom line,” Smith said. The shift is in the way companies are hiring, not how much they are hiring,” Wehniainen said. The rate of new technologies is rapidly accelerating.
Over two-thirds of IT leaders have focused their AI investments on employee productivity, with just over half using AI to improve customer support or to enable innovation, according to the AI Priorities Study from CIO.com parent company Foundry. Eventually AI will help companies building AI sell AI for less.
The news comes amidst reports that the company also plans to close its infrastructure as a service (IaaS) division Metal in 2026, and in the wake of the appointment of new CEO Adaire Fox-Martin and a shakeup in its C-suite that saw the departures of CIO Milind Wagle and CISO Michael Montoya.
Reframe the conversation Thats when its time for you as CIO to have a tough conversation with the Powers That Be about the IT budget. To fix the challenges we face well need a bigger budget. What will make the conversation so tough? Script it and youll see: You: The IT organization I lead isnt as effective as it needs to be.
Large US companies with annual sales of over $1 billion invest 1.45% of their sales in technology and IT. In Europe, large companies invest 10% less in IT, at 1.29% of total sales, according to a report from Capgemini , which interviewed 2,500 decision-makers and business leaders across the globe.
We have companies trying to build out the data centers that will run gen AI and trying to train AI,” he says. The tech companies are still having to run flat out.” Free the AI At the same time, most organizations will spend a small percentage of their IT budgets on gen AI software deployments, Lovelock says.
CIOs have to accept that their current budget does not allow them to do the transformative work in data thats necessary, he says. Thats the hard truth, says Erica Hausheer, senior vice president and CIO of software company Teradata. Whats equally challenging?
Ongoing layoffs in the tech industry and rising demand for AI skills are contributing to a growing mismatch in the IT talent market, which continues to show mixed signals as economic factors and the rise of AI impact budgets and the long-term outlook for IT skills. What is driving tech layoffs?
In an exclusive interview, Red Hats CIO tells InformationWeek the companys collaboration on a space-bound data center is no mere novelty. He also gives advice to CIOs facing budget restraints in the AI age.
VeloRAIN (Robust AI Networking), launched Tuesday at the VMware Explore conference in Barcelona, Spain, will “deliver unprecedented visibility, prioritization, and automation for enterprise networks allowing organizations to operate more efficiently and deliver superior user experiences,” the company said in a statement.
Public SaaS companies have seen their valuations compress, with small-cap SaaS significantly underperforming broader market indices in 2024. Forward-thinking SaaS companies are already integrating AI capabilities into their offerings, enhancing their value proposition rather than becoming obsolete.
To counter this, Zain employs ethical hackers to scour the dark web for threats targeting the company or its customers. The talent crisis and leadership divide While Middle Eastern organizations plan to boost cybersecurity budgets by 11% in 2025, Setareh stresses that technology alone isnt enough.
Q : Im the vice president of engineering at a private software-as-a-service company growing at 10% per year. NIKESH PAREKH: Before I think about any new career opportunity, I want to understand the value of the stock in my current company and the likelihood of an IPO or acquisition of the company. What should I do?
A lack of AI expertise is a problem, however, when other company leaders often turn to CIOs and other IT leaders as the “go-to people” for solving AI problems, says Pavlo Tkhir, CTO at Euristiq, a digital transformation company. “A Blank says.
B2B companies are forecasting healthy increases in agency investments this year, according to Forrester’s Brand and Communications Survey 2024, which surveyed 205 B2B marketing leaders to understand their expectations for agency budgets over the next 12 months.
Companies overwhelmingly plan to upgrade their networks, but they lack network engineering chops and modernization projects are busting their budgets, according to an Asperitas Consulting survey.
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.
To some consumers and businesses, alike it may appear companies are exaggerating the significance of this emerging technology. Those companies that either adopt or expand use of AI will be able to identify and understand every device their customers are using, and the interactions of every channel.
Analysts generally praised the rollouts, saying that the company is trying to make things a little easier to use AWS. Updates to storage optimized EC2 instances is a plus for companies with growing low latency data needs.” More directly is that 20% better price-performance number that the company quotes.
For CIOs tasked with managing IT budgets while driving technological innovation, balancing these costs against the benefits of GenAI is essential. Engage stakeholders: Work with finance and operations teams to align on budgets, shared goals, and success metrics. the worlds leading tech media, data, and marketing services company.
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