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IT Spending: The Value-Driven Approach

Dataversity

Advances in information technology (IT) are forcing businesses in all industries to evaluate their IT spend. The post IT Spending: The Value-Driven Approach appeared first on DATAVERSITY. The impetus here is to reduce staffing costs and other expenditures while investing more in digital tools and programing.

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Generative AI gold rush drives IT spending — with payoff in question

CIO

A scramble to invest in artificial intelligence and a natural replacement cycle for computing devices purchased during the COVID pandemic will lead to an 8% increase in global IT spending this year, Gartner predicted. A huge problem with AI adoption is a lack of a clear and compelling investment approach, McDonald added.

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11 ways to reduce your IT costs now

CIO

That means taking a long hard look at costs and ensuring their spend is focused on the future and not just maintaining the past,” says Jay Upchurch, EVP and CIO at SAS. IT leaders have always needed to exercise fiscal responsibility while meeting business demands for technology. But it’s not the only one.

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How Value Stream Management is fueling success at Boeing, Tyson, and Verizon

CIO

By employing Value Stream Management (VSM), executives gain the visibility to align teams, workflows, and investments around one key aspect: customer value. By employing Value Stream Management (VSM), executives gain the visibility to align teams, workflows, and investments around one key aspect: customer value.

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Subscription economy defies economic headwinds, fuels recurring growth

CIO

CIOs benefit from the transition to the subscription model The rapid adoption of new technologies, driven by an ever-steepening technology hype curve, facilitates this shift toward more versatile business models. Specifically, over the last 12 years, companies within the SEI ambit have burgeoned 3.4 against the latter’s 4.8%.

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5 key metrics for IT success

CIO

The most effective approach to achieve success, he adds, is to study metrics across all adoption performance areas. Avila observes that many IT leaders will default to ROI as the most important metric because there’s strong belief that a good ROI is necessary to get the most out of the technology spend. Here they are.

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Transforming IT for digital success

CIO

IT needs to think of the value proposition for the customer.” CIOs and their IT teams have enjoyed a bump in power and prestige in recent years, as the C-suite has embraced continuous transformation, digital everything, and a host of emerging technologies — all enabled by IT. Become truly customer-centric Attention to customers pays off.

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