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Chief Technology Officers

Chief Technology Officers face significant challenges. Managing the cost of innovation. Navigating technical debt. Preventing wasted spend. Cloud computing cost overruns. CTOs must ensure technology investments align with business needs, even when faced with seemingly contradictory requirements and strategic drivers. MagicOrange provides the tools CTOs need to weigh the merits of the projects in front of them. It helps optimise IT resources, improve efficiency, and drive sustainable business growth.

Measure Tech Debt

With Accuracy

Align Technology

With Business Planning

Manage Cloud Risk

With Effective Governance

Innovation Feels Out Of Reach . . .

Chief Technology Officers drive technological advancements that propel growth. To succeed, they must manage technology debt associated with legacy applications. This involves modernising outdated systems while balancing tech-debt with innovation. At the same time, they need to ensure effective governance, or risk failing to meet regulatory and operational compliance mandates. Balancing these priorities is a daunting task. Without clear insights into expenses and cost drivers, it becomes nearly impossible.

. . . Without Knowing What Is Possible

Despite efforts to track expenses and understand cost drivers, CTOs are very often forced to operate with limited information. And a mission that is challenging already, becomes impossible to execute on with any degree of certainty. MagicOrange provides the tools CTOs need to understand their costs, seek efficiencies, prioritise smartly and drive the technology innovation their organisations need to compete effectively.

66^%

Companies planning to increase tech investments in 2024

These increases are most likely to come from the financial services sector

Spiceworks: State of IT Research

Common Challenges For CTOs

Managing Technology Debt

The technology debt associated with legacy systems, applications and outdated infrastructure can be a drag on innovation. Getting the balance right between maintenance costs and new technology investments is the key. But finding that balance is difficult, and many CTOs don’t have the right level of insight into costs and outcomes to really know where to start.

Modernising legacy systems and applications starts with a budgeting exercise

However, without a detailed understanding of the costs involved in managing technology debt, CTOs lack the ability to effectively balance priorities. MagicOrange empowers CTOs to gain insight into the cost drivers associated with tech debt. With this understanding, they can strategically balance tech debt and innovation to maximise value creation.

Learn how MagicOrange can guide major digital transformation initiatives

Aligning Tech To Business Goals

Aligning technology initiatives with business objectives involves managing stakeholder expectations, understanding market dynamics and keeping current regarding evolving technologies. Gaining this alignment is crucial for organisations seeking to create and maintain competitive advantage.

IT cost transparency is the key

A CTO is at their best when they have aligned tech innovation squarely in support of business goals. When all technology resources are focused on the right projects. Where the projects selected balance the service of tech debt and fostering of innovation. That’s when CTOs and their teams are helping maximise growth opportunities for the organisations they serve. MagicOrange’s platform is a critical enabler for CTOs as they work to align their efforts to broader missions.

Explore how MagicOrange helps optimise profit

Driving Cloud Cost Governance

When managing cloud infrastructure, CTOs encounter numerous challenges in implementing compliance and governance frameworks. They must navigate regulatory requirements, mitigate risks associated with new technologies, and prevent cost overruns. They need the ability to oversee costs across multiple cloud platforms and ensure team accountability for efficiency. Without suitable tools, achieving desired cloud cost management and governance frameworks remains unattainable.

Multi-cloud cost management and governance

Cloud cost management and governance starts with financial transparency. The MagicOrange platform offers a full suite of tools to help CTOs manage their cloud environments, ensuring cost control and strong governance. The platform offers CTOs unparalleled insight into the cost drivers affecting their entire cloud estate, offering up the insights needed to facilitate smart, impactful decisions.

Learn how MagicOrange helps contain cloud costs

Take Control of Your Technology Costs

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