CIO Business Intelligence

FEBRUARY 18, 2025

They are also the leaders most likely to receive budget cut targets. But a budget cut provides a great opportunity to explore ones spend across run and change operations. The reality is that IT budgets are large and financial management is not always a strength of technology teams.

Architecture 316

Architecture Enterprise Enterprise Budget 316

CIO Business Intelligence

JANUARY 21, 2025

For CIOs tasked with managing IT budgets while driving technological innovation, balancing these costs against the benefits of GenAI is essential. Well also examine strategies CIOs can use to address these challenges, ensuring their organizations can recognize the rewards of GenAI without compromising financial stability.

Budget 246

Budget Survey IBM Research 246

CIO Business Intelligence

DECEMBER 7, 2022

Budget planning during uncertain economic times is never CIOs’ favorite activity. For the most part, budgets are holding steady or growing in the single digits, with continued investments in security, analytics, and the cloud, among other areas. But the next eighteen months aren’t shaping up to be as challenging as some may fear.

Budget 331

Budget Cloud Insurance Survey 331

Tech Republic Security

JANUARY 21, 2021

Like large banks, these firms hold valuable financial data but often have smaller security budgets and fewer staff, says Digital Shadows.

Banking 472

Banking Budget Company Financial 472

Forrester IT

MARCH 1, 2023

I looked at the Budget 2023 that India’s Finance Minister presented on Feb 1st 2023. On that day, India’s Prime Minister tweeted, “This year’s Budget infuses new energy to India’s development trajectory”. I find that he was not far off the mark.

Budget 195

Budget Financial Knowledge Base Energy 195

Network World

NOVEMBER 20, 2024

The Index showed that 50% of those surveyed have between 10% and 30% of their current IT budget dedicated to AI. Cisco CEO on infrastructure modernization In Cisco’s most recent financial call with Wall Street analysts, CEO Chuck Robbins said the vendor is seeing enterprise customers take on infrastructure modernization.

Data Center 435

Data Center Survey Government Report 435

CIO Business Intelligence

JANUARY 8, 2025

Cloud spending is going up and budgets are tightening, so theyre asking whats going on and how do we right this ship. Jeff Wysocki, CIO at mining firm Mosaic Company, acknowledges those budget-busting concerns, but he says CIOs may be able to work with their public cloud provider to get those costs under control.

Cloud 349

Cloud Budget Data Fractional CTO 349

CIO Business Intelligence

JANUARY 23, 2025

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

Strategy Survey Budget CTO Hire 317

CIO Business Intelligence

FEBRUARY 21, 2025

According to the report, the implementation has fundamentally impacted the Councils financial management and its operations, forcing the council into a costly re-implementation phase that has more than doubled the projects original budget. Licensing and customization fees added further strain to the budget.

Oracle 227

Oracle Vendor Management Government System 227

CIO Business Intelligence

OCTOBER 7, 2022

Core to this challenge for MAT’s is the management of financial operations, budgets and funding across large numbers of schools Their ability to grow has been impeded by legacy accounting solutions, making it an expensive and lengthy process to setup, onboard and report on new schools as they are brought into the trust.

Financial 246

Financial Education Banking Web Services 246

CIO Business Intelligence

MARCH 21, 2022

It’s especially poignant when we consider the extent to which financial data can steer business strategy for the better. Jason Child, now CFO of SaaS company Splunk, tells the story of his time at Amazon’s Financial Planning & Analysis (FP&A) department. “FP&A billion a year. Out of that, $6.1 Out of that, $6.1

Financial 290

Financial Data Analysis Study 290

Tech Republic Cloud

OCTOBER 4, 2023

Apptio Asia-Pacific General Manager Pete Wilson says growing IT financial literacy in local enterprises is helping IT teams resist cost-cutting pressure and tie spending to business growth.

Financial 180

Financial Budget Enterprise Enterprise 180

CIO Business Intelligence

JANUARY 23, 2025

Good data engineering enables transparency, visibility, and accurate budgeting and forecasting. FinOps automation is essential for reducing cloud costs and improving financial accountability. Bob Multhaup is an adjunct research advisor with IDCs IT Executive Programs (IEP), focusing on IT business and financial management.

Cloud 287

Cloud Engineering Financial Tools 287

CIO Business Intelligence

DECEMBER 9, 2024

CIOs have to accept that their current budget does not allow them to do the transformative work in data thats necessary, he says. Thats driving up spending on AI , but its not bringing in the finances needed to put the data house in order, says Ted Schadler, vice president and principal analyst at Forrester Research.

Artificial Intelligence 317

Artificial Intelligence Budget Software Software 317

CIO Business Intelligence

DECEMBER 18, 2024

But with recent financial market turbulence, the rise of AI, and buyer consolidation impacting todays market, some have started asking: Is SaaS dead? CIOs will need to work closely with finance teams to model different pricing scenarios and choose the options that best align with their organizations needs and budget constraints.

Industry 290

Industry Software Software Budget 290

CIO Business Intelligence

MARCH 20, 2025

The challenge is compounded by the shortage of skilled cybersecurity professionals and the financial constraints faced by many organizations. 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.

Budget 267

Budget Groups Software Software 267

CIO Business Intelligence

MARCH 12, 2025

By contrast, in some large financial services firms, the role of FinOps has broadened. Tigran Khrimian, chief technology engineering officer at the Financial Industry Regulatory Authority (FINRA), says he started developing best practices in 2014. Most FinOps principles have been applied to technology financials as a whole, he adds.

Cloud 300

Cloud Tools Engineering Financial 300

CIO Business Intelligence

DECEMBER 11, 2023

Now, it’s time to pay for it, and that’s putting a spotlight squarely on the chief financial officer (CFO), who has increasingly become the gatekeeper deciding which projects get funded and how significantly AI will play a role in enterprise strategy. For the CFOs at the center of that transformation, the stakes are higher than ever.

Financial 264

Financial Artificial Intelligence Guidelines .Net 264

CIO Business Intelligence

NOVEMBER 4, 2024

As budgets tighten, AI will soon face the same financial scrutiny as other IT investments. Cost Roadblocks will start to emerge Early AI adoption often comes with a “honeymoon phase” where costs are overlooked in favor of staying ahead of the curve.

Data 321

Data Artificial Intelligence Enterprise Enterprise 321

CIO Business Intelligence

FEBRUARY 20, 2025

With cybersecurity now fundamental to business operations, it must be considered alongside financial, operational, and reputational risk planning to ensure continuity in the face of disruptions. Expectation of disruption Limited investment in cyber resilience remains a challenge, despite rising security budgets overall: nearly 49% of U.S.-based

Disaster Recovery 246

Disaster Recovery Budget Security Strategy 246

CIO Business Intelligence

FEBRUARY 19, 2025

Software development was also the area where financial services firms see highest productivity improvements, according to a 2024 survey by Bain & Company. Our salespeople go out to meet with financial advisors, says Baker. Thats exactly what SS&C, a financial services and healthcare technology company, is doing with gen AI.

Survey 344

Survey Software Development Development Research 344

CIO Business Intelligence

JANUARY 2, 2024

At the center of this are not only strategic decisions that, intentionally or not, accrue technical debt but also financial issues around how technical debt is pitched for budgetary investment. To address this, the school district must raise funds and budget for replacing or modernizing the building. CIOs must change this thinking.

Budget 321

Budget Financial Examples Windows 321

CIO Business Intelligence

MARCH 17, 2025

Controlling your own destiny Addressing concerns related to security, infrastructure, ethics, trust, and financial viability is essential for harnessing the transformative power of AI. Others may fear vendor lock-in and the prospect of escalating licensing fees to fund large-scale AI investments.

Artificial Intelligence 191

Artificial Intelligence Budget Survey Web Services 191

CIO Business Intelligence

FEBRUARY 5, 2025

That means exploring the strategic options for cloud adoption, understanding the importance of financial operations (FinOps) as it relates to cloud, the difference between a Cloud Center of Excellence (CCOE) versus a Cloud Business Office (CBO) approach and the debate between centralized and federated FinOps. Budgeting and forecasting.

Cloud 223

Cloud Strategy Government Resources 223

IT Toolbox

OCTOBER 15, 2024

Financial planning techniques help your team make decisions that align with the company's overall goals. The post Corporate Finance for Beginners: Forecast vs. Budget appeared first on Spiceworks Inc. At the same time, you'll ensure that you're also making fiscally responsible choices.

Budget 147

Budget Financial Company Strategy 147

Network World

DECEMBER 2, 2024

He said that the Amazon choice of the first cities being New York and Los Angeles suggests a focus on two critical verticals: media/entertainment and financial institutions. Enterprises should choose to rearchitect their application and migrate the data when the cloud benefits will justify the investment in budget, time and resources.”

Storage 418

Storage Cloud Enterprise Enterprise 418

CIO Business Intelligence

FEBRUARY 27, 2025

Oversee change in the program management office With traditional project-based approaches, stakeholders specify requirements and priorities, and a project manager oversees fulfilling them on time, on budget, and at agreed-upon quality. We also need to focus on measuring what matters and track more than financial outcomes.

Project Management 315

Project Management Agile Program Management Programming 315

CIO Business Intelligence

APRIL 29, 2024

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

Budget Case Study Change Management Strategy 162

CIO Business Intelligence

OCTOBER 29, 2024

The bad news, however, is that IT system modernization requires significant financial and time investments. You usually can’t move the needle on everything while working within typical budgets, so instead focus on moving the needle on the one or two things that really make the most difference,” Rasmussen advises.

System 349

System Fractional CTO Strategy Enterprise 349

CIO Business Intelligence

SEPTEMBER 28, 2022

Hence, companies with the financial wherewithal to either build those capabilities out on their own or hire managed service providers to take care of themâ??that Budget, Technology Industry that is to say, big businessesâ??are are much more likely to be working on them, and thus are more likely to reap the benefits. back on.â??.

Budget 246

Budget Company Conference Trends 246

Social, Agile and Transformation

AUGUST 22, 2022

Whether we’re heading for a recession or a correction, leaders must sense the shift in financial winds and refocus their digital transformation. My perspective: Many SMBs and large enterprises have invested in digital transformation for several years.

Budget 224

Budget Financial Enterprise Enterprise 224

Forrester IT

NOVEMBER 16, 2020

Consider Spending Changes In Five Categories Post-COVID-19 The business effects of the COVID-19 pandemic will be with us for years. However, the consequences of the pandemic are not identical for all companies.

Insurance 348

Insurance Budget Trends Resources 348

CIO Business Intelligence

FEBRUARY 8, 2024

Recent financial reports from major global IT services firms have highlighted a concerning slowdown in the industry that could persist, signaling potential changes to hiring and spending plans. These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector.

Budget 246

Budget Industry Infosys Financial 246

CIO Business Intelligence

DECEMBER 10, 2024

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

Data Change Management Examples CTO Hire 358

CIO Business Intelligence

MARCH 26, 2025

Five Tips for CIOs to emerge as Financial Strategists Sangeeta Shankaran Sumesh, CFO turned business and leadership coach shares on how CIOs and tech leaders should become financial strategists as they transform into integral business advisors beyond technologists. Any solution or product comes with an expiration date.

Financial 147

Financial Study Real Estate Strategy 147

Eric D. Brown

OCTOBER 28, 2024

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. The cost of a data breach isn’t just financial – it can devastate your reputation.

Budget 130

Budget Government System Data 130

CIO Business Intelligence

MARCH 13, 2025

growth in ICT budgets specific to Italy, mostly in line with recent trends. Trade associations, professionals, innovation hubs and financial institutions should collaborate more effectively to stimulate training demand from companies and guide them toward continuous adoption of this most important tool for digital transformation.

Change Management 294

Change Management Training Security Insurance 294