This guide outlines the top challenges CIOs face in managing IT expenses and offers analytics-driven strategies to address them. It emphasizes balancing innovation with cost control, particularly around AI and cloud investments. Key focus areas include eliminating redundant assets, avoiding budget overruns, forecasting with multivariate models, and improving spending transparency across departments. Tools like ManageEngine Analytics Plus help visualize and optimize IT spend. CIOs are encouraged to align budgets with ROI, streamline infrastructure, and use predictive insights to support both operational efficiency and long-term growth in today’s evolving tech landscape.

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