Budget Insurance Licensing 
CIO Business Intelligence
NOVEMBER 1, 2024
One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. This costs me about 1% of what it would cost” to license the technology through Microsoft.
CIO Business Intelligence
NOVEMBER 1, 2024
One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. This costs me about 1% of what it would cost” to license the technology through Microsoft.
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CIO Business Intelligence
DECEMBER 5, 2023
“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.” The need to reorient IT’s budget toward future opportunities is one big reason CIOs are reviewing their IT portfolios now.
Eric D. Brown
OCTOBER 28, 2024
You know the drill: software licenses, subscription fees, consulting fees, and hardware infrastructure. 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.
CIO Business Intelligence
MAY 28, 2022
And that is in no small part thanks to the vision of James McGlennon, who in his role as CIO of Liberty Mutual for past 17 years has led the charge to the cloud, analytics, and AI with a budget north of $2 billion. The insurer also uses Amazon Sage Maker to build machine learning models, but the core models are based on Python.
CIO Business Intelligence
NOVEMBER 8, 2023
Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. Forty-one percent of the CIOs in the survey said they’ve changed their cycle for revisiting IT budgets to at least every month, says Tony Olvet, IDC’s VP of worldwide C-suite and digital business research.
CIO Business Intelligence
NOVEMBER 2, 2023
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.
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