This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
In a September IDC survey , 30% of CIOs acknowledged they didn’t know what percentage of their AI POCs met target KPI metrics or were considered successful. Meanwhile, about 70% of those surveyed by IDC in September said nine of every 10 custom-built AI apps failed to clear the POC stage and go into production.
And in a January survey by KPMG of 100 senior executives at large enterprises, 12% of companies are already deploying AI agents, 37% are in pilot stages, and another 51% are exploring their use. Weve developed our own agentic AI for code management, says Charles Clancy, CTO at Mitre. And thats just the beginning.
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.
Questionable outcomes and a lack of confidence in generative AIs promised benefits are proving to be key barriers to enterprise adoption of the technology. Sastry Durvasula, chief operating, information, and digital officer at TIAA, firmly believes consumption-based pricing is the best model for business organizations AI strategies.
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.
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. So smart working was introduced at AVR last year in the technology business unit with a different supplementary contract for different groups. Each case is different.
One is going through the big areas where we have operational services and look at every process to be optimized using artificialintelligence and large language models. According to the company’s latest global survey of desk workers, employees spend 37% more time on routine administrative tasks instead.
An overwhelming 94% of organizations worldwide are embracing a next-generation ERP strategy that involves migrating to cloud platforms and adopting high-end analytics such as artificialintelligence to overcome the limitations of legacy applications and modernize their businesses, according to a survey of 1,675 IT executives by Boomi. .
Jason Hishmeh, cofounder and CTO at IT services provider Varyence, sees such AI innovations infiltrate every level of the customer journey in the next five years. Nearly half of 8,400 consumers from the four countries say they are already comfortable using AI to choose products and services, according to a mid-2024 survey from Cognizant.
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.
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.
Artificialintelligence 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.
In the two years since generative artificialintelligence (genAI) burst onto the global stage and quickly found its way into the strategy playbooks of the worlds largest businesses, weve all heard a lot about the technologys potential. Siddharth Kuckreja is senior vice president and chieftechnologyofficer at TrueStage.
On the one hand, artificialintelligence has helped both technology departments and the business units to work better, faster, and cheaper. Upskilling takes time, and contracted workers aren’t usually as close to the business as employees. for this year, resulting in a net gain of more than 300,000 new jobs.
Both types of gen AI have their benefits, says Ken Ringdahl, the companys CTO. Kong, which surveyed developers about their API use, found a similar balance, with OpenAI at 27%, Llama at 8%, and Mistral at 4%. Legal indemnification is a common feature of gen AI contracts from OpenAI, Microsoft, Adobe, and other major vendors.
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.”
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.
“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.
From left: Lexion CTO and co-founder Emad Elwany; CEO and co-founder Gaurav Oberoi; and Chief Legal Officer Jessica Nguyen. Lexion Photo) Lexion gained a foothold by using artificialintelligence to help legal departments manage contracts. But now it’s taking aim at a much larger vision.
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, artificialintelligence, cloud transformations, etc.,”
Yes, recent advancements in AI have been groundbreaking, and those advancements have revolutionary potential, but artificialintelligence — like all hyped-up tech — is built on the shoulders of numerous other technologies that don’t seem to get any glory at all. What does that really mean and what does it take?
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
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
CIOs are hardly Luddites, but even some technologists fret about artificialintelligence, the rapid pace of tech evolution, and their ability to keep up. The tech company surveyed 750 IT executives and found that only five respondents did not list tech debt on their risk registers. And CIOs are feeling the effects of that.
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.
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.
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 Intelligencesurvey released in September. And there are organizations that jump into AI without thinking about their enterprise-wide technology strategy.
Legal contracts. Create your own user feedback survey Arrived Homes The pitch: The Seattle startup uses crowdfunding to help anyone purchase shares of rental properties for as little as $100 and earn a passive income while the company handles everything from property acquisition to necessary improvements and management of daily operations.
This is where the Lexion CEO paced in circles on call after call, gathering the input that he and his colleagues needed to a build a tech startup that uses artificialintelligence to scour and glean insights from complicated legal documents. “I He learned that companies were struggling to track contracts. That’s fun.”
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.
This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). This applies to his IT group as well, specifically, in using AI to automate the review of customer contracts, Nardecchia says.
Delayed decision-making Bhadresh Patel, chief digital officer at global consulting firm RGP, sees organization’s showing more caution than usual. 2023’s State of the CIO survey found 70% of IT leaders anticipate an increased involvement on their part in cybersecurity operations going forward.
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.” ArtificialIntelligence, Machine Learning Then gen AI came out.
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.
Proliferation of agentic AI According to a Capgemini survey of 1,100 executives at large enterprises, 10% of organizations already use AI agents, more than half plan to use them in the next year, and 82% plan to integrate them within the next three years. Most of us in AI are software engineers,” he says.
Create your own user feedback survey. Ozette co-founders Dr. Ali Ansary, CEO (left), and Greg Finak, CTO. Ozette, a biotech company that last year spun out of the Fred Hutchinson Cancer Research Center and was incubated at the Allen Institute for ArtificialIntelligence (AI2) , raised a $6 million seed round i n February.
While the modern Mayflower is far from the first vessel to make that voyage, this small robotic boat is the largest to ever do so navigated by artificialintelligence with no humans aboard. By using those same technologies, we can reduce carbon emissions — and fuel burn overall.”. Not all robo-boats are created equal.
Create your own user feedback survey. Khanna previously co-founded Glia Intelligence, a machine learning consultancy for physical retail. Michael Petrochuk, co-founder and CTO of WellSaid Labs. Michael Petrochuk is co-founder and CTO of WellSaid Labs , a startup developing more realistic AI-powered voices.
Ahead in a broad market In Morgan Stanley’s quarterly CIO survey, 38% of CIOs expected to adopt Microsoft Copilot tools over the next 12 months. In fact, many similar advantages and disadvantages will likely apply to any AI platform provider that enterprises choose, and CIOs need to consider these wider questions in their gen AI strategy.
photo credit: geralt via pixabay cc What is the biggest enterprise technology trend right now? Is it artificialintelligence? The most obvious answer is pay a premium for the best talent, or hire consultants with modern skills. A recent survey found that 70% of enterprise ransomware victims paid the ransom.
Businesses are accountable for the consequences of their choices, and that includes deploying AI in inappropriate areas, says Andi Mann, global CTO and founder of Colorado-based consultancy Sageable. The customer will not let you off the hook for a data breach just because, ‘It was our AI’s fault.’”
The Biden Administration recently announced that it has secured voluntary commitments from seven of the biggest AI companies to help ensure the safe and responsible development of artificialintelligencetechnologies. based IT security decision makers at businesses ranging from 2,500 to 25,000 employees.
The 2024 Board of Directors Survey from Gartner , for example, found that 80% of non-executive directors believe their current board practices and structures are inadequate to effectively oversee AI. Additionally, they should consult with legal experts to navigate regulations and establish oversight committees.
We organize all of the trending information in your field so you don't have to. Join 83,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content