Many CIOs are better equipped to combat rising IT costs. Are you?
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CIO
CIO
Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. Rising prices have imposed tough challenges on IT budgets, operations and staffing, especially for global organizations with operations in countries where inflation has been running high, such as Poland (10%), India (8%) or Turkey (50%). While inflation challenges have moderated in the US from a high of 9.1% in June, 2022, to 3.7% in September, 2023, the price pressures facing IT have persisted. The technology talent gap continues to inflate labor costs, too, despite big layoffs in …