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As Middle Eastern countries accelerate digital transformation through smart cities, AI adoption, and giga-projects, cybersecurity threats are evolving faster than defenses can keep up. Every time a new security measure is implemented, attackers find ways to bypass it within a short period. Partnerships are crucial in this ecosystem.
Here, veteran CIOs, researchers, and advisers share the changes theyre seeing, offering a look at the new rules of IT leadership along with the old ones theyve replaced. But I remind tech leaders that one of the biggest line items in any organization is the IT budget.
Yoav Leitersdorf is the Silicon Valley-based managing partner at YL Ventures, where he accelerates cybersecurity startups in the U.S. Israel’s cybersecurity startup scene spawned new entrants in 2019. A look back at the Israeli cybersecurity industry in 2018. More posts by this contributor. Michael Cortez. Contributor.
Budget constraints Barrier: IT modernization requires substantial investment, and budget constraints are a common hurdle. Solution: To address budget constraints, organizations should adopt a strategic approach to funding IT modernization. Contact us today to learn more.
It’s no different in the cybersecurity space. To find out, I analyzed more than 800 products from over 600 vendors using information from open sources, including Google, Gartner, CB Insights and startup/vendor lists from different sources. The below map summarizes the state of product-led growth in the cybersecurity industry.
After more than a decade leading the digital transformation and cybersecurity initiatives of the services company, hes managed to forge a synergy where tech and informationsecurity are established as fundamental pillars for business success. Cybersecurity is also integral to Garca Dujos approach to transform.In
When your CEO or CFO asks about the budget needed for technical debt remediation , do you find yourself struggling to justify the investment? Business risk (liabilities): “Our legacy systems increase our cybersecurity exposure by 40%.” Our research reveals that top performers allocate around 15% of their IT budget to debt remediation.
The financial and security implications are significant. Maintaining legacy systems can consume a substantial share of IT budgets up to 70% according to some analyses diverting resources that could otherwise be invested in innovation and digital transformation. This is where Delta Lakehouse architecture truly shines.
However, CIOs must still demonstrate measurable outcomes and communicate these imperatives to senior leadership to secure investment. According to Salesforces Perez, even though AI brings much opportunity, it also introduces complexity for CIOs, including security, governance, and compliance considerations.
Trusted advisor: While enterprise architects can often be seen as the catalysts for technology they must provide credible guidance to business leadership, offering insights into technology trends, risks and opportunities and avoid repeating mistakes of the past. This requires long-term thinking and investment.
By Andy Ellis In 2023, the outlook for cybersecurity companies seemed dire. For cybersecurity companies, this is often troubling news. While a quarter of CISOs are still reporting decreased budgets, 2 in 5 are now seeing budget increases. Image source: CISO Circuit 9, August 2023, YL Ventures.
Until now, many companies have cut costs in other areas, laid off staff, or raided the budgets of other departments to pay for AI projects. If you look at 23 and 2024 you had a lot of budget increases, you had a bunch of layoffs over the last couple of years, and not something thats sustainable.
Budget planning during uncertain economic times is never CIOs’ favorite activity. For the most part, budgets are holding steady or growing in the single digits, with continued investments in security, analytics, and the cloud, among other areas. We’re spending significantly more on security,” he says.
Cloud spending is going up and budgets are tightening, so theyre asking whats going on and how do we right this ship. Adding vaults is needed to secure secrets. Security appliances and policies also need to be defined and configured to ensure that access is allowed only to qualified people and services.
This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). CIOs anticipate an increased focus on cybersecurity (70%), data analysis (55%), data privacy (55%), AI/machine learning (55%), and customer experience (53%).
During COVID-19, the organization immediately moved from desktop-based work to remote & mobile- based setup, a difficult shift entirely done under the leadership of CIO. Mitigate risks and ensure cybersecurity Financial protection prevents the catastrophic losses of your business.
CIOs lead digital transformation with strategic foresight, technical expertise, and a focus on cybersecurity and customer strategies. Nutanix’s growth mindset and openness to change have influenced my leadership. My involvement in Nutanix committees helped instill a culture of security, privacy, and responsible practices.
By Sean Duca, vice president and regional chief security officer for Asia Pacific and Japan at Palo Alto Networks Some economists predict that we could soon face a global recession. This is the time when many CFOs trawl through every line item in the budget, looking for potential savings.
Leadership capabilities are paramount, as the CDO must inspire and guide teams through transformative changes. The capacity to identify potential disruptions and utilize digital tools to develop solutions is a hallmark of effective digital leadership. This includes fostering a culture that values innovation and agility.
Talk may be cheap, but when it comes to IT security, strategic conversations with colleagues, business partners, and other relevant parties can be priceless. Such discussions ensure the integration of cybersecurity initiatives and resource requirements in the enterprise’s business goals and objectives,” he adds.
You usually can’t move the needle on everything while working within typical budgets, so instead focus on moving the needle on the one or two things that really make the most difference,” Rasmussen advises. Security weaknesses arise Security and risk vulnerabilities are important signs that modernization is immediately necessary.
Enterprise IT struggles to keep up with siloed technologies while ensuring security, compliance, and cost management. And according to the most recent Enterprise Cloud Index survey related to the recruitment and retention of cloud talent, 80% of respondents identify IT and cloud talent recruitment and retention a concern for their budgets.
Already an epidemic-in-making for IT staff , 15% of IT leaders who responded to the 2025 State of the CIO Survey from Foundry/CIO.com said they were burned out, with 33% more agreeing that they experience some burnout in their current IT leadership role. is also more common among women than among men, according to a report by McKinsey. [
Looking ahead to the next 12-18 months, two top priorities emerge for IT leaders: developing a strong business case for AI infrastructure spending (cited by 35% of respondents to IDC’s Future Enterprise Resiliency and Spending Survey, Wave 3 , March 2024) and increasing cyber resilience and security (34%).
Strengthening cybersecurity in the age of AI and Gen AI Marco Pereira 21 Nov 2024 Facebook Twitter Linkedin As cyber threats evolve in complexity, organizations face an urgent need to bolster their defenses. A striking 97% of surveyed organizations reported security incidents involving Gen AI in the past year alone.
Gartner projects that spending on informationsecurity and risk management products and services will grow 11.3% To better focus security spend, some chief informationsecurity officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going.
With emerging technologies like Gen-AI keeping organizations in a flurry of new implementations, a rapidly shifting CIO role, new innovations testing budgets and adaptability of organizations and increasing competition, a competent CIO is the ace that can change the game.
Since its inception, the Digital Policeman project has documented over 6,000 bribery attempts, recorded 443,765 administrative violations, and solved 2,613 crimesall while saving Kazakhstans national budget $6 million. With over 10,000 smart badges and 21,000 tablets deployed, the project is reshaping the very fabric of public safety.
In one case, this oversight led to a fragmented IT landscape and security vulnerabilities.” The CIO is really worried about cybersecurity and the risk of data exfiltration,” says Fernandes. Business leaders can’t wait until next year for another budget to get approved.”
Because as a young CIO, I was struggling with obtaining budget approvals for a range of IT initiatives. A majority of CIOs I speak with dread the budget approval process and breathe a welcome sigh of relief when annual budgeting comes to an end. And because of this, IT budgeters must have open ears.
To succeed, you need to understand the fundamentals of security, data storage, hardware, software, networking, and IT management frameworks — and how they all work together to deliver business value. This certification will show you’re capable of dealing with any security threats, and well-versed on the requirements for IT governance.
Project manager The role of project manager is important for planning, executing, and completing IT projects on time and on budget. Key skills for the role include resource allocation, risk and change management, quality assurance, communication, and leadership and team building. percent since 2021, according to Dice.
Cybersecurity The February ransomware attack on UnitedHealth Group’s Change Healthcare unit reinforced cybersecurity as a pressing concern for executives across the country, and the continuing fallout that includes a federal investigation keeping the issue in the spotlight. Foundry / CIO.com 3. Risk management came in at No.
Transformational CIOs recognize the importance of IT culture in delivering innovation, accelerating business impacts, and reducing operational and security risks. CIOs can make critical mistakes at board meetings , such as providing convoluted answers to board members’ questions or resorting to scare tactics when selling security investments.
In addition, if CIOs don’t fully understand the cost of scaling generative AI, they could miscalculate by 500% to 1,000%, says Hung LeHong, an analyst focused on executive leadership for digital business at Gartner. AI projects with broad impact show leadership and employees the power of AI, he adds.
And, predominantly for CIOs and CISOs, you always have to consider the evolving cybersecurity landscape and the threats that are associated with that. Security and availability. The risks around tech decoding today’s cybersecurity measures as it becomes more accessible to the masses. It’s a bit of a balancing act.
We are giving our budget and proposed projects more scrutiny to invest in areas that have clear attribution toward generated increased revenue, more efficiencies, lower costs, and improved workplace experiences,” Srivastava says. The role of the CIO has recently seen a massive convergence with cybersecurity,” says McCormick. “The
Our take: CIOs must focus on smart spending rather than indiscriminate budget slashing. See also: 10 IT budgeting mistakes to avoid.) Investing in automation to streamline service delivery and prioritizing CX technologies will help maintain industry leadership. CIOs must balance cost cutting with strategic investments.
Like many organizations, UST began setting up an AI leadership council to make sure the same controls are applied to all undertakings, and that people dont go too far off script with pet projects. They couldnt hire people from outside either, because they hadnt anticipated the need early enough to put it in their budgets.
“The focus shouldn’t be on identifying today’s consensus on AI implementation strategies, but rather on making strategic organizational investments in understanding where AI can deliver maximum value for your business while maintaining security and good guardrails and remaining innovative,” he says.
Technology budgets have shifted dramatically since the beginning of the COVID-19 pandemic, according to a recent study from online CIO networking and information hub, Pulse. The pandemic, and its resulting shutdown, will likely continue to have a substantial impact on technology budgets for some time.
Showing that there’s real investor enthusiasm for identity management platforms, Saviynt , which enables companies to secure apps, data and infrastructure in a single platform, today announced that it raised $205 million in debt from AB Private Credit Investors’ Tech Capital Solutions group. from last year’s $1.3
This blog was originally published on Cybersecurity Dive. Remote employees and contractors often use unmanaged devices, which can open the door to vulnerabilities that are tough for standard security protocols to address. Omdias findings indicate that even with substantial cybersecurity investments, security gaps remain.
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