Remove Budget Remove CTO Hire Remove Financial
article thumbnail

Where CIOs should place their 2025 AI bets

CIO Business Intelligence

CIOs were given significant budgets to improve productivity, cost savings, and competitive advantages with gen AI. times compared to 2023 but forecasts lower increases over the next two to five years. Examples include scanning invoices, extracting basic contract information, or capturing information from PDF forms.

CTO Hire 356
article thumbnail

Cost concerns put CIOs’ AI strategies on edge

CIO Business Intelligence

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.

Strategy 317
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CIOs are rethinking how they use public cloud services. Here’s why.

CIO Business Intelligence

Cloud spending is going up and budgets are tightening, so theyre asking whats going on and how do we right this ship. Cloud spending is going up and budgets are tightening, so theyre asking whats going on and how do we right this ship. And for some organizations, annual cloud spend has increased dramatically.

Cloud 349
article thumbnail

5 tips for better business value from gen AI

CIO Business Intelligence

According to AI at Wartons report on navigating gen AIs early years, 72% of enterprises predict gen AI budget growth over the next 12 months but slower increases over the next two to five years. But if all gen AI does is improve productivity, CIOs may be challenged long term to justify budget increases and experiments with new capabilities.

Data 358
article thumbnail

How the ‘diversity hire’ accusation and other barriers remain for Black women in tech

CIO Business Intelligence

The UK study also revealed that women of all backgrounds and ethnicities make up around 22% (approximately 424,000), compared to 48% of the entire UK workforce, with Black women in particular facing a wide range of obstacles, including discrimination and being accused by colleagues or superiors of being merely ‘diversity hires.’

CTO Hire 363
article thumbnail

CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO Business Intelligence

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.

Strategy 351
article thumbnail

11 ways to reduce your IT costs now

CIO Business Intelligence

But as digital transformation efforts have intensified in recent years, CIOs have had fewer opportunities to pause and reevaluate IT’s financial situation. 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.”