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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 62
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Should finance organizations bank on Generative AI?

CIO Business Intelligence

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. These conversations are so weighty, they are happening at the boardroom level.

Banking 133
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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 140
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Preparing for the Worst: IT Disaster Recovery Best Practices

SecureWorld News

Natural disasters, human error, cyberattacks, and other disruptive events can cause irreparable harm to your organization which can lead to financial loss, reputational damage, or even a complete business shut down. Ensuring tight RPOs means running more frequent backup workflows and increasing backup storage space.

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Accelerate Sustainable Digital Transformation in the Oil & Gas Industry

CIO Business Intelligence

ii] Furthermore, according to HPE internal data, average storage utilization hovers around 40%. iii] While organizations must plan for usage spikes and failovers, they also have opportunities to clean up workloads, retire unused equipment, and leverage newer, more efficient hardware and solutions.

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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.”

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Lenovo’s Arthur Hu on the CIO’s customer-centric imperative

CIO Business Intelligence

I’ve played a key role in Lenovo’s service-led transformation, as we transition from being a hardware business to one that provides end-to-end technology solutions to support business growth. It is no longer enough to manufacture and ship a piece of hardware. I’ve not done it alone, however. What’s your guidance for IT leaders on this?

Trends 98