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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.
“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.
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).
That’s up from 85% who said as much in 2023. There are a couple of reasons for this increasing level of interest in ESG among tech execs, says Yang Shim, technologyconsulting leader with professional services firm EY Americas. For us, as a growing company, we want to be continuously modernizing so we’re keeping up.”
In the State of Enterprise Architecture 2023 , only 26% of respondents fully agreed that their enterprise architecture practice delivered strategic benefits, including improved agility, innovation opportunities, improved customer experiences, and faster time to market.
2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. He attributes the cautious attitude of tech leaders to elevated inflationary pressures and higher interest rates.
A 2023 survey of more than 1,300 respondents from around the globe who either influence or manage their organization’s risk and compliance programs found that only 53% rated their programs as mature. Governance is who does what, how, and based on what data,” says Tilcia Toledo, senior managing director with FTI Consulting.
That sense of purpose and yearning to do meaningful work is the ace in the hole for Optum Enterprise CTO Francois Charette, who has hired a number of Silicon Valley technologists in recent months. I can tell you he didn’t come for the weather,” Rau jokes.
CIOs had to navigate a labyrinth of challenges in 2023: generative AI rewrote the rulebook of technological possibility, governments started to draft new regulatory frameworks for the tech sector, and global conflicts disrupted business operations. Through it all, CIOs had to adapt swiftly.
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