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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. Other surveys found a similar gap. In a November report by HR consultancy Randstad, based on a survey of 12,000 people and 3 million job profiles, demand for AI skills has increased five-fold between 2023 and 2024.
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. The bad news, however, is that IT system modernization requires significant financial and time investments.
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.
But no one gave much thought to the security aspect. Fast-forward to today: the automotive cybersecurity industry has a compound annual growth rate around 20%. Fast-forward to today: the automotive cybersecurity industry has a compound annual growth rate around 20%. Our startup’s first hire was a fractional Head of Remote.
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.
According to the company’s latest global survey of desk workers, employees spend 37% more time on routine administrative tasks instead. Steve Ross, director of cybersecurity for the Americas at S-RM Intelligence and Risk Consulting, says gen AI can reduce a day’s worth of research to a single hour, but not without a catch. “It
However, as ecommerce has proliferated, security threats have increased, elevating cybersecurity to a board-level concern. Early cybersecurity threats were limited in their scope and damage, but current threats can ruin a business. Worldwide responses show that attackers are increasingly able to extract more sensitive data.”
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.
The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” But in 2024, CIOs will shift their focus toward responsible deployment, says Barry Shurkey, CIO at NTT Data, a digital business and IT consulting and services firm.
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. CIOs can also tie tech debt to other prioritized projects, such as cybersecurity improvements, Beerman recommends.
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.
That’s because employees have decidedly mixed feelings about AI coming to their workplaces, according to the recent survey by IT solutions integrator Insight , even as many enterprises are already adopting or experimenting with AI and as AI-enabled phones begin hitting the market.
This year’s survey asked questions about compensation for “cloud professionals”: the software developers, operations staff, and others who build cloud-based applications, manage a cloud platform, and use cloud services. Survey respondents earn an average salary of $182,000. Executive Summary. That left us with 778 responses.
When asked which challenges most often force IT to redirect time and focus away from strategy and innovation tasks, CIOs most commonly cited staff and skills shortages, changing business conditions, and addressing security threats. Other executives haven’t gotten the memo, says Mikhail Papovsky, CEO and founder of Massaro Consulting.
In today’s organizational landscape, where technology wields increasing influence, the role of the CIO has been elevated, particularly catalyzed by the exigencies of the pandemic. The State of the CIO 2024 survey published by CIO, states that 85% of CIOs are becoming a changemaker, increasingly leading business and technology initiatives.
Delayed decision-making Bhadresh Patel, chief digital officer at global consulting firm RGP, sees organization’s showing more caution than usual. The role of the CIO has recently seen a massive convergence with cybersecurity,” says McCormick. “The Waiting is a losing strategy.”
Difficulties estimating or demonstrating the value of AI technologies to the business have been or will be a top barrier to their implementation, according to a recent Gartner survey of more than 700 IT leaders at organizations that have adopted or plan to adopt AI. Most companies are simply playing with the novelty of AI still.”
Cybersecurity risks This one is no surprise, given the scary statistics on the growing number of cyberattacks, the rate of successful attacks, and the increasingly high consequences of being breached. The September Monthly Threat Intelligence Report from cybersecurity firm NCC Group delivers plenty of reasons to worry. “It
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. Inadequate security Lax security can turn a promising cloud initiative into an IT nightmare.
“If you bring the right portfolio of experience,” including data knowledge, business acumen, and informationsecurity, “I think any industry will pay relative to their market for their selection of a CIO,” Stephenson says. CIO and CTO positions have become much more important as leadership is starting to look at AI, Janulaitis says.
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. Security — ensure that models do not produce unintended outcomes.
While it’s critical to control costs continuously, it becomes even more imperative during times of economic pressure,” says Jon Pratt, CIO at security managed services provider 11:11 Systems. Following are some actions IT leaders can take now to secure those funds for the future.
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. Yet according to the IBM survey, data complexity was the second biggest barrier to adoption after lack of expertise, while the cnvrg.io
Secure funding, design a program for a small group of individuals, and run a pilot,” he advises. For a qualitative view, employee surveys that measure engagement or information from front-line managers can be used. Rodenbostel suggests starting small. Organization guidelines should be both comprehensive and fair.
It sets the tone and the strategy; it defines the policies and the procedures and what the expectations are,” explains Lisa McKee, director of governance, risk, compliance, and privacy at American Security and Privacy, as well as a member of the Emerging Trends Working Group with the governance association ISACA.
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. Others have made similar observations.
It’s no surprise, then, that according to a June KPMG survey, uncertainty about the regulatory environment was the top barrier to implementing gen AI. If I’m an energy company, I want to make it possible for folks to leverage geologic surveys and reports that are miserable to go through.” AI is a black box.
GitHub released data on its copilot’s impact, with 88% of surveyed developers stating improved productivity, 74% focusing on more satisfying work, and over 87% saying they complete tasks faster. CIOs may also want to consider each application’s usage, security, and risks to decide which devops teams should experiment with AI copilots.
A striking 79% of surveyed CIOs now view their role as a collaborative partner in educating and guiding CEOs and boards. In an industry where companies typically relied on third-party consultants to analyze their data, we believed our approach was a slam dunk. It’s easy to blame IT just as it’s easy to blame the consultants.
A 2022 survey of 850 IT leaders by Foundry found more than two-thirds were accelerating their cloud migration and nearly three-quarters (72%) were defaulting to cloud-based services for upgrades or new IT purchases. Host Isaac Sacolick ( @nyike ) was joined by a bevy of consultants and practitioners who had no shortage of advice on the topic.
Organizations that scored in the top quartile for EA maturity in a recent Bizzdesign survey were three times more likely to report having organizational agility, which has been crucial during the past few years with the COVID-19 pandemic. Enterprise architects often go on to work as a CTO, software engineering or development director, or CIO.
That same source, who preferred not to be named, pointed out that “SECURE 2.0’s The report found that 70% of financial institutions surveyed lost over half a million to fraud last year and that 27% of respondents lost over $1 million to fraud in the last 12 months. Pagaya Technologies announces acquisition of Darwin Homes.
The world has flipped since 2022,” says David McCurdy, chief enterprise architect and CTO at Insight. You now have the ability to jump over processes that have existed for years, sometimes decades, because of generative technology.” He’s already seeing this in the cybersecurity space. “At Then gen AI came out.
According to an Ernst & Young survey of 1,200 global CEOs released in late October, a staggering 99% are either planning or are already making significant investments in generative AI. The first, says Eliot Andres, co-founder and CTO, is to add the latest AI features to the app itself to keep it competitive.
So the CIO, the technologies they deploy, and the partnerships they form are essential to the future of a more environmentally sustainable way of doing business. Like anything, the hard work is the initial assessment,” says CGI director of business consulting and CIO advisor Sean Sadler.
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. The technology will evolve over time, and we’ll evolve with it.” Safety and security is our No. 1 concern.”
“As technology continues to advance at a rapid pace, the demand for qualified individuals has soared,” Chan says. CIO.com’s 2023 State of the CIO survey recently zeroed in on the technology roles that IT leaders find the most difficult to fill, with cybersecurity, data science and analytics, and AI topping the list.
According to an O’Reilly survey released late last month, 23% of companies are using one of OpenAI’s models. According to an Ernst & Young survey of 1,200 global CEOs released in late October, 99% are either planning or are already making “significant” investments in generative AI. He’s not the only one.
Be strategic with reserve pricing Reserve pricing for cloud services can reduce resource usage costs by as much as 70%, says David McKee, who in his role as fractionalCTO, tech founder, and digital twins thought leader at Counterpoint Technologies acts as a part-time CTO for nine companies in the US and Europe.
Our goal is to analyze logs and metrics, connecting them with the source code to gain insights into code fixes, vulnerabilities, performance issues, and security concerns,” he says. It makes sense that development is the top agentic AI use case, says Babak Hodjat, CTO of AI at Cognizant. We do lose sleep on this,” he says.
The Global Workforce Hopes and Fears Survey , conducted by PwC, predicts that one in five workers worldwide may quit their jobs in 2022 with 71% of respondents citing salary as the major driver for changing jobs. From an IT infrastructure standpoint, NCMS is 100% on the cloud. We must nurture good resources inhouse to bridge the skills gap.”
These are the findings from a commissioned survey including 262 IT and security professionals who have the final decision-making authority for their organization’s cloud infrastructure. And, managing who has access to these systems poses a significant challenge.
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