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Overcoming the 6 barriers to IT modernization

CIO Business Intelligence

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. Furthermore, resistance to change among employees can impede modernization efforts.

Budget 306
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Balancing the costs and opportunities of GenAI adoption

CIO Business Intelligence

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
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Product-based IT: 6 key steps for making the switch

CIO Business Intelligence

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. Most enterprise IT departments need program managers but need to restate their responsibilities.

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How Birmingham’s $48M Oracle ERP project turned into an epic failure

CIO Business Intelligence

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
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Why the CIO role should be split in two

CIO Business Intelligence

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. What is an alternative path?

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FinOps automation: Raising the bar on lowering cloud costs

CIO Business Intelligence

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
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IT leaders adjust budget priorities as economic outlook shifts

CIO Business Intelligence

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