As inflation rises across the globe, CIOs are strategizing ways to navigate rising prices for IT supplies, services, and talent by rethinking IT portfolios, reprioritizing IT spend, and honing business efficiencies.
As CIO of an organization with a global reach, Bob Johnson keeps careful watch on the world’s economic situation.
“Whenever there is an ill wind anywhere in the world, it affects us,” says Johnson, CIO of The American University of Paris.
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It’s not surprising then that he’s already feeling the impact of inflation: With costs going up, Johnson says he’s concerned his IT budget won’t cover all the work it was meant to fund.
Euros just don’t go as far as they once did, he says. Neither do dollars.