CIO Pulse: 2023 Budgets and Priorities , a survey undertaken by SoftwareOne to recognise the spend and priorities of 600 IT leaders, has underscored the post-pandemic reality of rushed, unoptimised cloud migration, with consequent technical debt representing a significant pain point for CIOs in 2023. Technical debt is the price companies pay for short-term delivery of projects at the cost of long-term value, and, in this instance, hinders CIOs’ attempts of furthering operational efficiency and productivity. Specifically, CIO Pulse found that 55% of respondents are dealing with knock-on issues prompted by a lack of preparation when moving to the cloud; 38% are dealing with issues caused by a rushed migration to the cloud; and 17% say they moved applications and services to the cloud without full budget planning. Additionally, almost a third (31%) of respondents said they’re not receiving the desired results from cloud because workloads weren’t optimised before migration. Only around a quarter (27%) of IT leaders confirmed that the value they expected from their cloud investment has been greatly exceeded, with rushed implementations and flawed service configuration directly impacting long-term value for organisations. This technical debt — combined with cloud’s rising costs, and economic volatility — means […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
