3min chapter

CXOTalk: Leadership, AI, and the Digital Economy cover image

CIO / CTO Investment Strategy for 2023

CXOTalk: Leadership, AI, and the Digital Economy

CHAPTER

CIOs and CTOs - What Are the Unique Opportunities?

When I became the CTO, there was a budget and we were not spending as much money as was forecast. The company viewed IT as an enabler, yes, but ultimately because of the accounting, it goes under the SGNA line on your P and L. R&D is an expense that's expected to generate growth. And so if you can get the business to sign up for that in the mindset that that's going to generate mere term, medium or long term benefits and growth for the company, that's a whole new ballgame.

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