Budgeting for IT in a Volatile World.
In order to properly budget for your IT needs in 2023, you must first understand the changing landscape of business. In today’s world, companies must be agile and able to respond quickly to changes in order to remain competitive. The days of spending huge sums of money on an inflexible IT infrastructure are over.
🕒 We meet on November 9th. at 10am
As technology becomes more and more essential for business success, the need to carefully plan and budget for your IT needs becomes increasingly important.
👉 In this webinar, we will explore how to aggregate your 2023 IT budget with compliance, risk, and agility in mind.
Are you over- or underspending on your business IT?
Meet Our Panelists
George Mehok is a chief information officer, author, and advisor with more than 30 years of experience in the technology industry. He has held leadership positions in the telecommunications, aerospace, and financial services industries, from VC-backed startups to global industry leaders.
His work has been recognized by InformationWeek’s Annual Elite 100 ranking of the most innovative US-based technology users.
He is an advisory CIO board member of silicon valley-based Mayfield Capital; a technology advisor and limited partner with Jumpstart Ventures and Northcoast Ventures; a board member of the non-profit creative writing center 826 Valencia; and an advisory board member for mobile security company Lookout Security.
George is currently the founder and managing partner of robotic process automation and systems integration consulting firm ApertureXI Technologies.
Branndon Kelley is the CIO for AMP. He has more than 20 years of experience providing vision, leadership, governance and execution for technology programs, projects and departments.
His role includes responsibilities for information technology, operation technology (SCADA and plant systems), advanced metering infrastructure, smart city and enterprise cyber security. In 2022, AMP named Kelley the organization’s executive sponsor for innovation and transformation.
Recognized as a leader in his field, Kelley serves on the Smart Energy Consumer Collaborative Board of Directors and serves as president of the Board of Directors for the DeVry Scholarship Fund; he is often invited to speak at national and regional conferences on various aspects of technology strategy and implementation.
Managing Director at BlueBridge Networks.
BlueBridge Networks is Ohio’s leading managed IT and data center provider.
As an expert in the field of cloud computing, he is the driving force behind our Ohio Cloud.
His commitment to excellent customer service has manifested the BlueBridge Difference.
Personally he likes to go fishing on Lake Erie.
Budgeting your 2023 IT with recession and cyber security in mind.
Do you know your per endpoint spent for cyber security, yet?
The size of your IT Budget has a direct correlation with your compliance risk, the operational risk and your reputational risk.
Performance is a decisive cost factor as well as a productivity factor and we will talk about how to balance them.
What is Right Sizing?
The term “right size” can mean different things to different people.
To some, it may mean reducing costs by downsizing or consolidating teams.
To others, it may mean increasing efficiency and agility by upgrading or expanding infrastructure.
In either case, it is important to remember that the goal is not simply to have the smallest possible IT budget, but rather to have a budget that allows your company to operate safely and securely while also being responsive to changes in the market.
Factors Influencing the Size of Your IT Budget
There are a number of factors that influence the size of your IT budget. Some of these include:
- The size and complexity of your organization
- The type of business you are in
- The compliance requirements imposed on you by regulators
- The level of risk you are willing to accept
- The amount of investment you are making in new technology
- The need for redundancy and backup systems
All of these factors must be considered when creating a budget for your IT needs. It is important to remember that there is no one-size-fits-all answer when it comes to budgeting for IT.
Each company’s situation is unique and requires a unique solution. However, by understanding the various factors that influence the size of your IT budget, you can put yourself in a better position to make informed decisions about how best to allocate your resources.