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IT leaders face a bigger challenge than they have encountered in recent years regarding cost management and IT budgeting. We've collected a variety of InformationWeek articles that offer advice on managing IT spending now and in the year ahead.
A new study finds that due to the growing threat surface from hybrid work and third-party vendors, only half of organizations have the budget to meet current cybersecurity needs. The post Survey: Cybersecurity budgets aren’t matching cybersecurity challenges appeared first on TechRepublic.
IT leaders face a bigger challenge than they have encountered in recent years regarding cost management and IT budgeting. We've collected a variety of InformationWeek articles that offer advice on managing IT spending now and in the year ahead.
A recent study by management consultancy Horvth shows that delays in planned go-live dates are the rule rather than the exception. Significant migration deficiencies According to the study, projects are taking an average 30% longer than originally planned. This also reflects the responses of the study participants.
With IT budgets projected to grow 9.8% Plus, as a bonus, get a Cost-Cutting Assessment Toolkit to uncover hidden savings in your IT budget. Packed with expert insights and real-world case studies, this guide delivers proven strategies to optimize IT spending, eliminate inefficiencies, and future-proof your operations.
A new study polling software buyers at businesses worldwide finds strong intention to increase budget, with special interest in AI. The post Firm study predicts big spends on generative AI appeared first on TechRepublic. It also looks at how vendors can engage buyers.
In this study, Skillsoft found that 19% of respondents believe there is a “high risk of organizational objectives not being met due to skills gaps.” 2024 gave leaders the opportunity to pause, take a breath and see what kind of investment they need to make for best use scenarios in terms of talent and technology.”
In the face of shrinking budgets and rising customer expectations, banks are increasingly relying on AI, according to a recent study by consulting firm Publicis Sapiens. According to the study, the biggest focus in the next three years will be on AI-supported data analysis, followed by the use of gen AI for internal use.
“Gen AI-driven application modernization tools are revolutionizing mainframe modernization strategies, accelerating time to value, and closing mainframe skills gaps by enabling developers to modernize or build applications faster and more efficiently,” the study stated.
The challenges often point enterprise companies to also rely on third-party resources for management and monitoring assistance, but that approach doesn’t alleviate the internal staffing challenges for the long term, the study explains.
Ransomware victims face tightened budgets, lost productivity and other problems. In most cases, new post-attack security measures could have prevented the ransomware attack if implemented beforehand.
For example, in the UK most of the budget is spent on curative treatments, interventions or medicines but a minimal amount of the budget is spent on prevention, mental health or any other thing that contributes to the well-being,” added. Using that data and running AI on top will prevent early disease in the future.
IT budgets expand, SAP investments show mixed trends The report indicates that 40% of companies in the DACH region (Germany, Austria, Switzerland) are increasing their overall IT budgets, while SAP-specific investments are rising for 47% of enterprises.
For many organizations, while budgets are ticking slightly up, it’s only in line with inflation, while new initiatives, including AI, need to be funded.” Studies by BCG and LinkedIn have found that one-third of skills associated with technology roles will be obsolete in five years, requiring new skills in their place.
Downtime cost large enterprises an average of $200 million annually, cutting 9% from yearly profits, according to a study commissioned by Splunk. And while ransomware accounts for a relatively small proportion of that total, enterprises should really be budgeting more for it. million on observability tools, the study found.
Drawing from a recent HackerOne event, HackerOne study and GitLab survey, learn how economic uncertainties are driving budget cuts, layoffs and hiring freezes across the cybersecurity industry. The post HackerOne: How the economy is impacting cybersecurity teams appeared first on TechRepublic.
Taking the time to look at that budget for it and plan for it, from my perspective, is more important than just jumping right in and potentially losing millions of dollars, because its just not as effective as youd hoped it to be.
Discover the findings from the study about where marketing personalization stands today. The post 64% Of Marketers Say a Lack of Budget Is a Barrier to Personalization appeared first on. Personalization is crucial for brands to attract customers.
Over two-thirds of IT leaders have focused their AI investments on employee productivity, with just over half using AI to improve customer support or to enable innovation, according to the AI Priorities Study from CIO.com parent company Foundry. Nearly all about 98% of IT leaders reported challenges with implementing new AI initiatives.
And, wanted to know how to build a community around data and analytics, particularly with a limited budget to hire. Finding “Friendlies” My first suggestion was to look at the case study I did a few years ago on Seattle Children’s Hospital. […]. In a recent inquiry, a new Chief Data Officer asked where to start.
Free the AI At the same time, most organizations will spend a small percentage of their IT budgets on gen AI software deployments, Lovelock says. “Generative AI is likely to confuse the capital investor as much as any technology ever has,” he adds.
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
Nikhil comments, A McKinsey study stated that companies that use data to make decisions are 6 times more likely to keep existing customers, and 19 times more likely to be profitable. Leveraging technology for business At IndiaMART, business stakeholders reflect on bifurcating problem solving between tech intervention and business solutions.
That may help explain why just under half of the companies that participated in a recent Foundry survey have a dedicated AI budget and even fewer believe they have the right data and technology in place to use AI effectively 1. 1 Foundry, AI Priorities Study 2025, [link]
To read the full case study, click here.). To read the full case study, click here.). Infinidat’s cloud-like flexible consumption models optimize budget for the customer. To read the full case study, click here.). To read the full case study, click here.). To read the full case study, click here.).
Birmingham City Councils (BCC) troubled enterprise resource planning (ERP) system, built on Oracle software, has become a case study of how large-scale IT projects can go awry. Licensing and customization fees added further strain to the budget. Cost overruns and delays: where did it go wrong?
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. He recommends building a user feedback loop and carefully studying satisfaction metrics.
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.
That trend is already recognizable in the figures for uptake of newer technologies, the study found, particularly 5G, edge, serverless computing, and AI. Budget, Technology Industry Part of the reason for that is that many of them are interrelated. s another deadly wave that forces everyone to go remote again?â?? back on.â??.
The study identified a variety of obstacles standing in the way of digital transformation: Lack of strategies and an oversupply of technological solutions: Many companies are aware of the need for digital transformation, but do not have a clear strategy and are overwhelmed by the multitude of technological options.
Case studies: Intuit and Roku Intuit Jason Rhoades, the development manager at Intuit, leads the companys FinOps team. Good data engineering enables transparency, visibility, and accurate budgeting and forecasting. This article focuses on how expert FinOps leaders have focused their automation efforts to achieve the greatest benefits.
An IDC study found that usage of generative AI jumped from 55% of surveyed companies in 2023 to 75% in 2024. According to a recent IDC study, companies using AI are reporting an average of $3.70 From lab to market at lightning speed Not long ago, cutting-edge research might take decades to translate into real-world products.
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.
While more than half (51%) of South African businesses have upped their investment in cybersecurity, it’s evident that budgets are not keeping up with needs, especially given the new threats introduced by remote work, according to a new study. Budgets must catch up to the significance of the threat.”. Arthur Goldstuck.
In today’s increasingly crowded digital commerce market and with increasingly tighter budgets, retailers have to make smart choices about which technologies to invest in and which they should forego for now. To help retailers sift through the options, we conduct an annual top trends study.
Cost is a core concern; IT budgets are expected to increase by around 10%, but inflation will likely leave CIOs withat bestthe same spending power as in previous years. The conclusion of the Forrester study was that the composite organization using Netskope One SSE saw a payback period of less than 6 months, with a 109% ROI over 3 years.
growth in ICT budgets specific to Italy, mostly in line with recent trends. Why communication is essential As part of change management, its important not to impose from above, but to study together with end users. CIOs know this well, even when they increase their IT investments.
In July 2020, a KPMG study found that 67% of respondents increased the pace of their digital transformation strategy due to the pandemic, with 63% increasing their digital transformation budget. But, in many cases, organizations accelerated their adoption of data and analytics capabilities and AI. Things haven’t slowed since.
The complexity within IT infrastructures is increasing, as is the pressure on IT budgets to use available funds as smartly and efficiently as possible. It emerged that there are major gaps in cloud cost management and optimization (CCMO) strategies, resulting in exceeded budgets and an overall loss cloud spend control.
In November 2023, Forrester Consulting conducted a Total Economic Impact™ (TEI) study, commissioned by Broadcom, which found organizations using ValueOps, a dedicated VSM solution, can realize significant financial benefits. To better understand the potential ROI of a value stream management deployment with ValueOps, download the TEI study.
Faced with the difficulty of attracting talent, the CIO must study the market and offer flexible working conditions to candidates. This program has its own planning and also a dedicated budget. Work flexibility is truly the most requested and appreciated benefit.” These initiatives combined have reduced turnover as well,” Perdomi adds.
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