Breaking Analysis: CIOs in a holding pattern but ready to strike at data monetization

Breaking Analysis: CIOs in a holding pattern but ready to strike at data monetization

Recent conversations with IT decision makers show a stark contrast between the period exiting 2023 versus the mindset leaving 2022. CIOs are generally funding new initiatives by pushing off or cutting lower-priority items. While security efforts are still being funded, those that enable business initiatives that generate revenue take priority over cleaning up legacy technical debt. The bottom line is, for the moment at least, the mindset is not to cut everything, rather it’s to put a pause on cleaning up legacy hairballs and continue to fund initiatives to drive monetization. Cloud has become fundamental and getting data “right” is a consistent theme that appears to be an underpinning of initiatives getting funded today. 


In this Breaking Analysis we tap recent discussions from two primary sources: year-end ETR roundtables with IT decision makers and conversations on theCUBE with data, cloud and IT architecture practitioners. 


Direct Input from Key IT Decision Makers


The sources of data for this Breaking Analysis come from the following areas:



Erik Bradley’s recent ETR year end panel featured a DevOps & SRE manager in financial services, a CISO in a large hospitality firm, a director of IT for a big tech company, the head of IT infrastructure for a financial firm and a CTO for a global travel enterprise. 


For our upcoming Supercloud2 conference on January 17th, we’ve had CUBE Conversations with data & cloud practitioners. Specifically, heads of data in retail & FS, a cloud architect at a biotech firm, the director of cloud and data at a large media firm and the director of engineering at a financial services company. 


We’ve curated commentary from these sources and share them with you today as anecdotal evidence support ..

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