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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. 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.
times compared to 2023 but forecasts lower increases over the next two to five years. Examples include scanning invoices, extracting basic contract information, or capturing information from PDF forms. Michael Beckley, CTO and founder of Appian, says document processing is a boring gen AI use case with significant business potential.
Erik Gfesser, an IT consultant and former director at Deloitte, says hes seen enterprises running hundreds of unauthorized apps and software libraries when he engages with them. It rarely ends well for either the business team, the ghost IT team, or the central technology organization, he adds.
Welcome to 2023. As technology projects, budgets, and staffing grew over the past few years, the focus was on speed to market to maximize opportunity, says Troy Gibson, CIO services leader at business and IT advisory firm Centric Consulting. This is no longer true. “As How well teams execute will be key.”
And on AWS, Amazon Bedrock Agents have been available since 2023, but in December, Amazon added multi-agent collaboration capabilities. Weve developed our own agentic AI for code management, says Charles Clancy, CTO at Mitre. Major enterprise software vendors are also getting into the agent game. followed a couple months later.
She previously worked at Iron Mountain, where she was Executive Vice President and CTO. She co-founded Trend Micro in 1988 and has been leading the company ever since; first as executive vice president, CTO in 1996, and CEO since 2005. Johnson was named president and CEO of Lumen (formerly CenturyLink) in 2022.Saddled
The need to grow smartly Gil Westrich’s company, ClearML, is benefiting from increased adoption of artificial intelligence and machine learning (ML) technology. But the CTO and co-founder says that scaling to meet that demand presents its own challenges, which require self-reflection. How do we grow our business responsibly?”
What does it mean to be a CTO for a startup? Should a startup CTO spend their time programming? Exploring new technologies? The role of a CTO varies as the company matures. A CTO can help you find the right answers. Instead, they should consider a FractionalCTO who can help close the gap.
Chieftechnologyofficers are key players in the enterprise C-suite, oftentimes working in collaboration with CIOs at the forefront of new and innovative technologies. They are among the most important hires organizations are making today due to the business value that successful technology deployments can bring.
million in 2023, and is expected to grow by 5% in 2025, equal to 3.75 Case in point was the high turnover rate at road and highway maintenance company AVR Group, and the solutions enacted by its CTO Pierangelo Perdomi to remedy it. million compared to about 3.6
Thats nearly twice the total of 2023 and significantly higher than the previous record, set in 2022, of $963 million. And some large, cutting-edge enterprises are already beginning to spend money on quantum technology. NIST isnt alone in seeing massive disruptive potential in quantum computing. So do investors. billion so far in 2024.
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.
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 The AI can go deeper than a Google search.” “And they get better, and it starts to come naturally to them.
Yet the leading tech execs who make up CIO’s 2023 CIO Hall of Fame share many of the same attributes, attitudes, and ambitions. For example, he took on the CTO role at Rodan + Fields because he “liked the appeal of being part of the product.” NTT i 3 ), a research and development center; and CIO and CTO of Magellan Health.
Gartner has forecast that 65% of organizations will adopt ERP applications that use one or more of what it calls “fourth-era hallmarks” by 2023. Those include AI, data-centric design, systems that can be used off the shelf, functions that augment decisions, developer enablement, and customer-facing technology.
” Aquagga co-founders Chris Woodruff, chief operations officer (left); and Brian Pinkard, chieftechnologyofficer. It launched in 2019 and has been testing and building PFAS destruction devices that incorporate technology from the UW and the Colorado School of Mines. Aquagga has raised $1.1
If 2023 was the year of experimentation with gen AI, 2024 was when companies zeroed in on use cases and started putting pilot projects into production. 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.
in September, 2023, the price pressures facing IT have persisted. The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. While inflation challenges have moderated in the US from a high of 9.1%
Gaurav Oberoi, Lexion CEO, speaks during the 2023 GeekWire Summit in Seattle. GeekWire Photo / Kevin Lisota) Docusign announced an agreement to acquire Lexion for $165 million, signaling plans to integrate the Seattle-based company’s AI-powered contract management technology into its Intelligent Agreement Management Platform.
According to its 2023 research paper Total Enterprise Reinvention , “only 8% of companies are moving to adopt a strategy of Total Enterprise Reinvention.” One way they’re doing that is by reimagining the IT function, say management consultants, executive advisors, and CIOs themselves.
Singapore’s data centers have a 1% vacancy rate, and data center availability in the huge northern Virgina data center hub stands at 0.9%, despite an 18% increase in capacity between early 2023 and early 2024, according to the report. The 2023 CBRE report found that 83% of the data center capacity under construction at the time was presold.
Last year Overland won a two-year contract worth up to $18.6 Army and Defense Innovation Unit to develop its OverDrive technology platform for the U.S. Speaking at the GeekWire Summit in 2023, Boots recounted how the roots of self-driving technology started with military-related applications. and compute.
In April of 2023, Censuswide conducted a survey of 608 US respondents from companies with $250m+ revenue. That study focused on CIO and CTO satisfaction with their existing IT support and services models for enterprise software. CIOs and CTOs are frustrated at the many inconveniences of managing multiple vendors.
To be sure, enterprise cloud budgets continue to increase, with IT decision-makers reporting that 31% of their overall technology budget will go toward cloud computing and two-thirds expecting their cloud budget to increase in the next 12 months, according to the Foundry Cloud Computing Study 2023.
. — Ali Dasdan , chieftechnologyofficer of ZoomInfo Technologies , is resigning from his role at the publicly traded company to “pursue a new opportunity,” according to a new Securities and Exchange Commission filing. software development company in 2023. He joined the Vancouver, Wash.,
If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.
We’ve had a homegrown customer data environment for decades,” says Paul Gaffney, CTO and supply chain officer at the $19.4 Gartner analyst Erick Brethenoux says use of consultant data and ML models is gaining steam, especially among retailers. We now have a matrix that’s about 1,500 cells instead of just 35,” the CTO says.
No one denies its transformative potential, but digital leaders say a majority of people seem to think generative AI, which Gartner recently placed at the peak of inflated expectations in its 2023 hype cycle , has more capabilities than it does — at least at this time. Consider some recent survey findings.
IT leaders seeking to drive enterprise growth through technology investments are often saddled with budgets that make their tasks of increasing the top and bottom lines challenging. The year 2023 seems to be no different. on average for 2023, research firm Gartner points to a projected 6.5%
Jim Loter, a longtime tech leader inside the city of Seattle, currently serves as interim chieftechnologyofficer. We brought in some folks from Microsoft and we consulted with folks from Adobe and from AWS to give us their perspectives on what was emerging. Conference of Mayors in Columbus, Ohio.
Srini Koushik has been passionate about the environment for 35 years and now, as a board member of the nonprofit SustainableIT.org and CTO of cloud services provider Rackspace Technology, he wants to help enterprises achieve sustainability in the cloud. By choosing them, enterprises are almost adopting net zero by proxy,” Koushik says.
Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024. The savings are just too big to ignore for a ton of companies,” says David Heinemeier Hansson, the Danish developer of Ruby on Rails and co-owner and CTO of 37signals, which completed a six-month total exit from the cloud last June. “Any
Employee training on AI is essential, says Sam Ferrise, CTO at Trinetix, a tech consulting firm. CIOs and CTOs must also set the rules of the road for using AI and navigate or mitigate potential risk and ethics issues, he says. Gartner analyst John-David Lovelock suggested that timeline was ambitious for most companies.
Upskilling takes time, and contracted workers aren’t usually as close to the business as employees. Meanwhile, The Global CTO Survey 2023 released last November by IT consulting company STX Next found that 35% of responding tech leaders listed technical debt/refactoring as their biggest challenge — making it the No.
The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. At the same time, they are defunding technologies that no longer contribute to business strategy or growth. decline year over year in worldwide spending on fixed voice services in 2023.
As key officers of their companies, technology leaders have entered a more lucrative compensation bracket,” notes Martha Heller, CEO of Heller Search Associates. Since 2023, compensation for CIOs and CTOs has increased by more than 7% and over 20% since 2019, according to Heller. Stephenson says.
The resulting redefinition of their role is influencing their priorities as they prepare for the 2023 financial year. Her colleague, CTO Rajaneesh R Kini, agrees. Cybersecurity tops the list of concerns for Monish Darda, CTO and co-founder at Icertis, a developer of contract management software. Talent retention.
“Generative AI does have the ability to replace CIOs who don’t embrace the innovative shifts coming for companies,” says Tim Crawford, a former CIO himself and now a CIO strategic advisor at AVOA, a technologyconsultancy. You might have the CIO rolled into a different role, or you might be able to merge the CIO and CTO,” he says.
“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.
Operating profit gains from AI doubled to nearly 5% between 2022 and 2023, with the figure expected to reach 10% by 2025, she adds. Some backlash against the hype is likely, but gen AI will be a transformative technology in the long term, adds Hamza Tahir, CTO and co-founder of ZenML, an open-source MLOps startup.
We do a lot of paperwork in leasing and contracts, pages and pages of legal documents in multiple languages,” which has thus far been challenging to incorporate, the CTO says. According to JLL’s own research, so far in 2023, the range for physical occupancy compared to pre-COVID levels is between 45% to 65% in the US, for example.
The changes will take effect with the 2023 release of software, which is now generally available. The biggest remaining difference in capabilities between the two platforms is around service management, enabling companies to track and bill for things like subscriptions or contracts for service or maintenance. “We
It laid off more than 1,000 employees in October 2023. Kunal Anand, F5’s chief innovation officer. (F5 F5 Photo) — Kunal Anand of F5 is changing roles, moving from chieftechnologyofficer to chief innovation officer.
For example, it highlighted a 153% rise in global ransomware attacks from September 2022 to September 2023. To top it off, Taylor says many CIOs report having CEOs, C-suite colleagues, and workers throughout their organizations clamoring for the technology and even launching their own pet projects using the tech, further upping the stress.
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