6 Tips For Making The Most Of A Tight IT Budget
CIO, January 26th, 2023
Top technology decision makers from across the globe share their budgeting strategies for driving business value even when finances are tight.
IT leaders seeking to drive enterprise growth through technology investments are often saddled with budgets that make their tasks of increasing the top and bottom lines challenging. The year 2023 seems to be no different.
Despite an estimated increase to IT budgets of 5.1% on average for 2023, research firm Gartner points to a projected 6.5% global inflation rate, an ongoing talent squeeze, and persistent supply issues as a triple threat to CIOs' ability to realize time to value for their tech investments this year, according to its 2023 Gartner CIO and Technology Executive Survey, which gathered data from 2,203 CIOs in 81 countries and all major industries.