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Even when times are tight, it's possible to loosen the purse strings. Learn how to get business leaders to give your team the funds to drive performance and innovation.
When your CEO or CFO asks about the budget needed for technical debt remediation , do you find yourself struggling to justify the investment? Present a balanced solution Here’s where many CIOs stumble: presenting technical debt as a problem that needs to be eliminated. You’re not alone.
A report issued Monday by private investment company Bain Capital indicated that, despite the numerous disruptions to the technology industry—including a global supply chain crisis and Russia’s invasion of Ukraine—most IT decision makers foresee either stable budgets or increases for the coming year. Budgeting, IT Strategy
Despite those complications, a huge majority of IT leaders expect their organizations’ IT budgets to increase — at least moderately — in the next fiscal year, with IT talent and software spending leading the way. Talent, software spending lead the way According to Forrester’s guide, personnel accounts for nearly 35% of IT budgets.
Speaker: Kevin Goldsmith, Chief Technology Officer at Anaconda | Peyman Pouryekta, CEO and Technology Advisor | Bob Webber, VP Product Flow Optimization, Construx
With the ever-evolving technology landscape, CTOs are being presented with new services, technologies, and tools every day. In order to successfully instruct and manage their teams, they must know how to evaluate tools, advocate for resources, and allocate them to the appropriate teams.
Getting buy-in can be difficult. Safe-U founder and CEO Jorge Litvin explains how to create a common language between the CISO and the rest of the C-suite.
I first heard the phrase, “Find a need and fill it,” some years ago at an “art of selling” presentation by a super salesman. Why was I at this presentation, you ask? Because as a young CIO, I was struggling with obtaining budget approvals for a range of IT initiatives. And because of this, IT budgeters must have open ears.
CIO’s cybersecurity budget allocations are too spread out across a myriad of single solutions. Cyber budgets get stretched too thinly across single solutions when they should match the organization’s IT and software spending priorities. the majority of its cybersecurity budget should go to protecting these investments.
Data protection and lack of budgets and resources continue to present the biggest challenges as cyberattacks increase, according to a new Kaseya report.
There are multiple examples of organizations driving home a first-mover advantage by adopting and embracing technology modernization when the opportunity presents itself early.” On the other hand, there are also many cases of enterprises hanging onto obsolete systems that have long-since exceeded their original ROI.
For CIOs tasked with managing IT budgets while driving technological innovation, balancing these costs against the benefits of GenAI is essential. Engage stakeholders: Work with finance and operations teams to align on budgets, shared goals, and success metrics. million in 2025 to $7.45
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.
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.
To foster productive discussions with CFOs and other leaders, CIOs can present a clear set of early success metrics, such as workflow automation or error rate reduction. This presents a significant challenge because AIs value is often multifaceted and evolves over time, says Eric Helmer, CTO at Rimini Street.
And, the company said in its The State of the Enterprise Edge report presenting the survey, the top benefits respondents plan to achieve by implementing edge solutions are faster response times for latency-sensitive applications (68%) and improved bandwidth/reduced network congestion (65%).
So, there’s no time to get ahead of the game like the present. Take advantage of modeling and cost estimator tools that can help IT model configurations and better understand resource needs and budget impacts for a shift from legacy VDI to DaaS. Develop a timeline for your next renewal date.
The new structure will see OpenStack become a foundation within the Linux Foundation, with its own budget, governance and member fees. Maintaining community governance A key priority for the OpenStack community was ensuring that its hard-won governance model and community engagement would be preserved under the Linux Foundation.
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.
investigation budget and achieve full detection within a 5% budget in certain cases. These AI-powered cyber-attacks are no longer a potential threattheyre a very real and present danger. These AI-driven insider threat behavioral analytics systems have been shown to detect 60% of malicious insiders under a 0.1%
With legacy apps tying up a significant portion of an organizations IT budget, less money is available for new initiatives, further slowing down AI adoption. of their IT budgets on tech debt at that time. Klingbeil and Ensono have seen the challenges that legacy apps present for AI firsthand. But they can be modernized.
Reframing technical debt There is no magic potion that can eliminate all technical debt, but technical debt can be attacked via budgeting if technical debt is not just perceived as upgrading IT infrastructure. To address this, the school district must raise funds and budget for replacing or modernizing the building.
This program has its own planning and also a dedicated budget. We managed to mitigate it with a simple strategy by being more present and closer to our employees, listening to their needs, and turning them into opportunities,” he says. These initiatives combined have reduced turnover as well,” Perdomi adds.
By presenting clear metrics and success stories illustrating the value of integrating technology into core business strategies, CIOs became involved in broader business discussions and initiatives. Agility and cost-effectiveness are major factors for Nikhil Prabhakar in the vendor selection process.
Graded’s Ardolino says that when he presents a project to top management, he starts with a descriptive overview and then combines KPIs that can measure the estimated positive impact in different business areas, for example reduction in man hours or the benefits of data retrieval. Budgeting, C-Suite, CIO, Data Management, IT Leadership
With Windows 10s end of support approaching, IT decision-makers are caught between needing to invest and managing budget constraints, he says. Microsoft Copilot + PCs are ushering in the next wave of AI experiences, leveraging large language models to create complex presentations and videos with just a few keystrokes.
Una paradoja que, a su juicio, persistir durante el presente 2025 y el siguiente 2026. A pesar de ello, los proveedores de modelos fundacionales estn invirtiendo miles de millones al ao para mejorar el tamao, el rendimiento y la fiabilidad de los modelos de IA generativa.
Forrester said most technology executives expect their IT budgets to increase in 2025. Agentic AI is one of the most hyped AI technologies at present, but Chaurasia and Maheshwari said enterprises will face significant hurdles to their agentic AI ambitions in 2025. Others won’t — and will come up against the limits of quick fixes.”
Dev eloper complexity, cyber risk and scale among super-app challenges As super-apps gain greater prominence in the digital ecosystem, they present unique challenges that developers and users must navigate. This can strain development teams and budgets. Managing security requirements is paramount.
Details of a data copy service known as Effingo were contained in a technical paper that was presented during a delegate session at Sigcomm 2024 , the annual conference of the ACM Special Interest Group on Data Communication, which wrapped up today in Sydney, Australia. exabytes of data — more than 100 billion gigabytes — every day.
I’ve sat in hundreds of meetings where brilliant technical people presented amazing work that was met with blank stares and confused looks. Not because the work wasn’t valuable but because the presentation focused on technical excellence rather than business impact. This isn’t just about communication.
The role of a technology leader In my role, I am fortunate to have strong relationships with our senior executive team, which has been invaluable when discussing budgets, funding, and long-term strategic goals. The current hype surrounding AI presents both opportunities and risks.
The tools are used to extract information from large documents, to help create presentations, and to summarize lengthy reports and compared documents to find discrepancies. With these paid versions, our data remains secure within our own tenant, he says.
Costs management: Estimate costs, determine budgets. Project scope During the planning phase, all project details must be solidified , including goals, deliverables, assumptions, roles, tasks, timeline, budget, resources, quality aspects, terms, and so on. Budget for surprises. Quality management: Identify quality requirements.
With cyberattacks on the rise, government agencies and enterprises alike are challenged to ramp up cybersecurity protections—often with limited budgets and resources. If you would like to watch Michael Gregg's keynote presentation in its entirety, it as available on-demand until January 25, 2024. Find him on LinkedIn here.
As CIOs and IT leaders prepare their digital transformation budgets, they should seek indicators in their companies and global economic factors to judge whether to propose an aggressive or conservative plan. Early indicators suggest CIOs should hedge their bets in their 2025 planning. August inflation in the U.S.
Business leaders can’t wait until next year for another budget to get approved.” This has a number of benefits, but also presents challenges. “New business opportunities arise at any time, and people have to be able to quickly purchase tools to get the job done,” he says.
My recent report, 2022 IT And Digital Budget Benchmarks, Europe, presents relevant benchmark figures to support European technology leaders’ decisions. Benchmark data can support the decision-making process, but it can also mislead and bring decision-makers to the wrong conclusions.
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.
While many CIOs have adopted agile methodologies in their technology delivery teams, there can be significant gaps with stakeholders seeking traditional project management promises of “on time, scope, budget, and quality.”
Resistance to change, lack of budget top barriers to transformation. Resistance to change and lack of budget were the top barriers to digital transformation in these legal departments.
As technology projects, budgets, and staffing grew over the past few years, the focus was on speed to market to maximize opportunity, says Troy Gibson, CIO services leader at business and IT advisory firm Centric Consulting. Venables believes that legacy IT presents a significant challenge to security teams.
Plus AI helps users create slide deck outlines for presentations like quarterly business reviews or team meetings. They also provide the context of the presentation, such as a deep dive, class project, or quarterly business report. .” The tool spit out an outline of a presentation, providing titles for each slide.
One of the main difficulties is calculating ROI to convince CFOs to approve budgets, and this challenge is also present when considering AI adoption, according to Abhishek Gupta, CIO of Dish TV. Quantifying tangible benefits such as cost savings, productivity improvements, and top-line growth is relatively straightforward.
Experts like Yogesh Shivhare an analyst from IDC and Rocco Galletto from BDO Canada will dig into the real issues — like budget constraints, skill gaps, and the latest AI-driven threats — and share practical solutions you can take back to your team. What Else to Look Forward To?
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