CIOs seek efficiencies as uncertain economy looms

Efficiency, always a top concern of IT leaders, is the subject of heightened focus in 2023, thanks to ongoing inflation and the threat of recession. Expenditures for cloud services in particular are coming under close scrutiny, at a time when cloud spending is nearly half of many IT budgets. “As more and more workloads migrate to the cloud, managing cloud expenses has become an important priority,” says Dilip Venkatachari, senior executive vice president and global chief information and technology officer of U.S. Bank. The financial institution, headquartered in Minneapolis, is in the process …

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