Link: https://www.ardoq.com/blog/cio-budget
From The Digital Transformation Blog
Every budget season, departments have new initiatives, investments, and projects that they need to get off the ground. Much of their effort goes into trying to demonstrate the value of their proposals and presenting a compelling case to their Chief Financial Officer (CFO). This means being able to present the potential Return on Investment (ROI) and value their proposed budgets will bring to the business.
With ever-increasing IT expenses and the economic uncertainty of the last few years, the pressure is greater than ever on the CIO. An ideal CIO budget straddles the fine balance between short and long-term goals for the enterprise, the need to improve efficiency and optimize costs, as well as ensure that innovation and growth are not neglected. It’s a challenging exercise in resource allocation, fostering innovation, driving growth, and ensuring long-term sustainability.
