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According to AI at Wartons report on navigating gen AIs early years, 72% of enterprises predict gen AI budget growth over the next 12 months but slower increases over the next two to five years. But if all gen AI does is improve productivity, CIOs may be challenged long term to justify budget increases and experiments with new capabilities.
“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. Zero-based budgeting can be a good approach for discretionary spending. But it’s not the only one.
For Neeraj Kumar, CTO of Arkreach, the speed with which AI technologies are being developed itself poses a threat. It is time to shift away from the launch first, think later, mentality and concentrate on creating the future by not repeating yesterday’s mistakes, even if it leads to a delay.”
The work that is not repetitive is changing at a remarkable pace,” says Jon Walden, Blue Prism’s CTO for the Americas. Talent is another key to agility, IT leaders say, making the hiring and retention of IT pros vital to any organization-wide efficiency and transformation efforts. Much of IT work is repetitive. Reinforce and reward.
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