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Dun and Bradstreet has been using AI and ML for years, and that includes gen AI, says Michael Manos, the companys CTO. But 76% of respondents say theres a severe shortage of personnel skilled in AI at their organization, according to the August report. Other surveys found a similar gap. But not every company can say the same.
Many organizations have launched dozens of AI proof-of-concept projects only to see a huge percentage fail, in part because CIOs don’t know whether the POCs are meeting key metrics, according to research firm IDC. In many cases, organizations appear to be launching POCs without enough preparation, Saroff says.
Under pressure to deploy AI within their organizations, most CIOs fear they don’t have the knowledge they need about the fast-changing technology. More than three in five CIOs surveyed by Salesforce say they’re expected to know more about AI than they do, potentially leading to massive and costly deployment mistakes.
When addressed properly , application and platform modernization drives immense value and positions organizations ahead of their competition, says Anindeep Kar, a consultant with technology research and advisory firm ISG. Is your organization overdue for an IT systems update?
What is a CTO? The chieftechnologyofficer (CTO) is the senior executive who focuses on the technological requirements, opportunities, and challenges within an organization. What does a CTO do? What does a CTO do? Years ago, the CTO most often led the infrastructure function.
In a survey of 2,300 IT decision makers that IBM released in December, 47% say theyre already seeing ROI from their AI investments, and 33% say theyre breaking even on AI. According to experts and other survey findings, in addition to sales and marketing, other top use cases include productivity, software development, and customer service.
According to a new IDC report , 98% of business leaders view AI as a priority for their organization and the research firm expects AI to add $20 trillion to the global economy through 2030. AI has moved out of the IT function and is being pushed out more widely in the organization,” says Ian Beston, director at Coleman Parkes Research.
According to a Bank of America survey of global research analysts and strategists released in September, 2024 was the year of ROI determination, and 2025 will be the year of enterprise AI adoption. But the entire process will need to be reinvented in order to make full use of the technology, says Monteiro.
Software consultant Andrew Drach’s two companies Callentis and Solwey demonstrate his entrepreneurial skills, but his clients also value his educational background, as we learned through TechCrunch’s survey to identify the best software consultants for startups. Why did you choose the boutique consultancy model?
Yet unlike his peers, Wiedenbeck’s dual roles — the top technology executive as well as the transformation lead at Ameritas — are often at odds. As chieftechnologyofficer, Wiedenbeck is driving automation and IT modernization to reduce complexity and technical debt.
As organizations roll out AI applications and AI-enabled smartphones and devices, IT leaders may need to sell the benefits to employees or risk those investments falling short of business expectations. Nearly three-quarters of employees surveyed said they believe AI devices will make them more productive.
Tech debt can take many forms — old applications, bloated code, and aging hardware among them — and while the issue often takes a back seat to innovation and new technology, it is on the minds of a lot of CIOs. The trick for CIOs who have significant tech debt is to sell it to organization leadership , he says.
Rate of change “The most important metric for IT success is rate of change,” says Nicolas Avila, CTO for North America at IT and software development company Globant. Most companies think of failure as something they want to avoid, but really fast-changing organizations understand failures as a step towards success.” Here they are.
Last year, our report on cloud adoption concluded that adoption was proceeding rapidly; almost all organizations are using cloud services. Survey respondents earn an average salary of $182,000. Another 162 respondents filled out part of the survey but didn’t complete it; we chose to include only complete responses.
Finding the return on investment for AI remains elusive for many organizations, even as they rush to adopt the technology. The concern about calculating the ROI also rings true to Stuart King, CTO of cybersecurity consulting firm AnzenSage and developer of an AI-powered risk assessment tool for industrial facilities.
Artificial intelligence and machine learning Unsurprisingly, AI and machine learning top the list of initiatives CIOs expect their involvement to increase in the coming year, with 80% of respondents to the State of the CIO survey saying so. Other surveys offer similar findings. 1 priority among its respondents as well. For Rev.io
On the one hand, artificial intelligence has helped both technology departments and the business units to work better, faster, and cheaper. Other top challenges included budgetary constraints, compliance with laws and regulations, and responding to inquiries from other leaders within the organization. 1 challenge listed.
And online education company Pluralsight conducted a survey of IT professionals in the US and UK and found that 74% worried AI tools will make many of their daily skills obsolete. Hopefully, the AI is taking some of those routine tasks,” says Henry Svendblad, CTO at Company Nurse, which helps companies handle workplace injuries. “I
“A pragmatic and structured architectural approach when moving to the cloud is critical,” says William Peldzus, senior director and Center of Excellence head with enterprise consulting firm Capgemini Americas. Even small steps will position an organization for cloud success, Peldzus states.
According to an IDC Survey, “Ransomware attackers are getting more effective at finding valuable data; half of North American ransomware attacks where data was exfiltrated included the loss of valuable, sensitive, or security data ( Future Enterprise Resiliency and Spending Survey, Wave 11 , IDC 2023).
Rising prices have imposed tough challenges on IT budgets, operations and staffing, especially for global organizations with operations in countries where inflation has been running high, such as Poland (10%), India (8%) or Turkey (50%). They ended up bringing most of those people back, at consulting rates, for six months.” Here’s how.
Digging through research examining the impact of standard conventions like siloed teams and staged gate processes, Arooni began percolating ideas for how to shift IT organizations away from the traditional project-oriented culture to something more agile, with greater business accountability and more responsiveness to changing customer needs. “We
“With a focus on automation for customer service and telesales functions, we’re looking at intelligent automation solutions that can help improve customer engagement and self-help capabilities,” says Chris Pendergast, the company’s SVP and CTO. Falling behind in the AI adoption race can pose significant challenges for organizations.”
Winning IT organizations aren’t built in a day. Employees want to work for leaders who inspire them, engage them, challenge them, and give them opportunities to grow and be effective, says Ola Chowning, a partner with technology research and advisory firm ISG. Caldas has no doubt that technology is a key differentiator. “We
Databases are an essential part of doing business in the digital world, but not every organization is achieving success with them. In a 2019 Vanson Bourne survey, enterprises said that they’ve been held back by legacy database technologies — specifically relational databases systems.
Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Ensuring all IT spend is directly tied to business demand acts as an automatic cost optimizer.
Until recently, technology was often seen as a mere expense rather than a catalyst for innovation and business growth. While this perception persists in many organizations, a shift is underway. A striking 79% of surveyed CIOs now view their role as a collaborative partner in educating and guiding CEOs and boards.
But by May 2023, according to an IDC survey, 65% of companies were using gen AI, and in September, that number rose to 71%, with another 22% planning to implement it in the next 12 months. It makes it challenging for organizations to operationalize generative AI,” says Anand Rao, AI professor at Carnegie Mellon University. in December.
Organizations are only capable of absorbing a certain amount of change. Brian Jackson, research director in the CIO practice at Info-Tech Research Group, has studied how CIOs tackle their first 100 days in the role and has found that many new IT chiefs think there’s no need to clean house. Keeping everyone on the payroll.
Her prior experience includes Oracle, Bain & Company, and Princeton Consultants. Before joining Antler, she worked for a couple of VCs and entrepreneurship support organizations. Given that Nairobi is Antler’s only office in Africa, the team looks out for founders working on pan-African problems and solutions.
Anything that falls into the category of IT management tools is often cast aside, but these are the workhorses of IT,” says John Buccola, CTO of E78 Partners, which provides consulting and managed services in finance technology and other professional areas. What does that really mean and what does it take?
“It seems to be an increasing worry — worry over whether the enterprise is secure and its data is protected, because everything else falls to the wayside if that’s not taken care of first,” says John Buccola, CTO of E78 Partners, which provides consulting and managed services in finance technology and other professional areas.
Consider some recent survey findings. The anticipation and fear of the impact of generative AI in particular, and its relationship to artificial general intelligence (AGI), makes it overhyped,” says Daryl Cromer, vice president and CTO for the PCs and smart devices division at Lenovo.
CIO packages often include stock options, relocation expenses, and hiring bonuses, says Victor Janulaitis, CEO of consulting firm Janco. The strategic importance of technology leadership has never been greater, especially as organizations attempt to tackle information security, artificial intelligence, cloud transformations, etc.,”
To his point, a 2022 survey found that — among banks and credit unions who believe they’re at least three-quarters through a transition to digital — less than 25% have seen a meaningful increase in revenue. “ It will be essential for banks to upgrade their technology infrastructure to meet … evolving expectations.
Two thirds of the CX practitioners, service leaders, analysts, and consultants from around the world who took part in CX Network’s Global State of CX 2024 agreed or strongly agreed they’re increasingly concerned about the ethical use of AI and its future development.
There is a need and realization by the business world to be more environmentally sustainable since organizations are seeing an impact on the bottom line as a direct result of climate change. Like anything, the hard work is the initial assessment,” says CGI director of business consulting and CIO advisor Sean Sadler.
As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. It’s an issue that’s coming to the fore with the steady migration to the cloud.
“You can have the best solution but if you don’t have adoption, it will fail,” says Wayne Tung, managing director of Sendero Consulting. There’s always change,” says Jim Moore, CTO at HR Acuity. “A Paulo Gardini Miguel, director of technology at The CTO Club, agrees. A healthy team is used to it.
EA helps organizations structure IT projects and policies to achieve desired business results, to stay agile and resilient in the face of rapid change, and to stay on top of industry trends and disruptions using architecture principles and practices, a process also known as enterprise architectural planning (EAP).
That is backed up by a 2021 survey by industry analysts at Forrester, which showed that, of 2,329 data and analytics decision-makers worldwide, 55% want to hire data scientists. They won’t be true data scientists but they will be proficient in using and organizing data.”. Focusing on team building. We’ll look to train people in-house.
No IT organization wants to get caught short on processing or storage resources that could negatively affect operations, or have to suddenly add resources that exceed the budget. For example, organizations may commit to containers that are too large, or reserve too much disk space.
But Adept’s co-founders, CEO David Luan, CTO Niki Parmar and chief scientist Ashish Vaswani, boil their ambition down to perfecting an “overlay” within computers that works using the same tools people do. ” It’s lofty stuff. ” Luan told TechCrunch in an interview via email. billion in 2020 to $19.6
The unprecedented adoption rates for the new technology see generative AI now eclipsing all other AI applications in the enterprise, according to an S&P Global Market Intelligence survey released in September. It’s starting to spread like wildfire because we’ve achieved some interesting results in the organization,” he says.
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