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Many CIOs are better equipped to combat rising IT costs. Are you?

CIO Business Intelligence

According to IDC’s July 2023 Future Enterprise Resiliency & Spending (FERS) survey of 856 senior IT and business managers in large enterprises, the IT line items most affected, in addition to rising tech salaries, include SaaS and PaaS costs. But despite such challenges, CIOs say they’re meeting them head on. Here’s how.

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5 ways to maximize your cloud investment

CIO Business Intelligence

Be strategic with reserve pricing Reserve pricing for cloud services can reduce resource usage costs by as much as 70%, says David McKee, who in his role as fractional CTO, tech founder, and digital twins thought leader at Counterpoint Technologies acts as a part-time CTO for nine companies in the US and Europe.

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Weighing risk and reward with gen AI vendor selection

CIO Business Intelligence

According to an O’Reilly survey released late last month, 23% of companies are using one of OpenAI’s models. We look at the vendor’s maturity and if they have proven success in the right focus areas for our business,” he says. Insight has a partner contract management team that looks closely at vendor agreements. “If

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Cost, security, and flexibility: the business case for open source gen AI

CIO Business Intelligence

Both types of gen AI have their benefits, says Ken Ringdahl, the companys CTO. Kong, which surveyed developers about their API use, found a similar balance, with OpenAI at 27%, Llama at 8%, and Mistral at 4%. Legal indemnification is a common feature of gen AI contracts from OpenAI, Microsoft, Adobe, and other major vendors.

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The year’s top 10 enterprise AI trends — so far

CIO Business Intelligence

In July, New York City started enforcing new rules about the use of AI in hiring decisions. The world has flipped since 2022,” says David McCurdy, chief enterprise architect and CTO at Insight. Although written before gen AI, it has provisions that apply but it’ll most likely go through modifications before going into effect.

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7 challenges facing CIOs and IT leaders in 2020

mrc's Cup of Joe Blog

The most obvious answer is pay a premium for the best talent, or hire consultants with modern skills. How can you address the skills gap if you can’t afford to hire a bunch of new employees? A recent survey found that 70% of enterprise ransomware victims paid the ransom. How can you address this challenge? It’s lucrative.