article thumbnail

IT leaders: What’s the gameplan as tech badly outpaces talent?

CIO Business Intelligence

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.

CTO Hire 342
article thumbnail

5 top business use cases for AI agents

CIO Business Intelligence

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.

CTO Hire 359
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cost concerns put CIOs’ AI strategies on edge

CIO Business Intelligence

But according to a recent survey from IDC, cost concerns are another top gen AI roadblock, with 46% of 1,000-plus IT pros surveyed saying the lack of predictability in pricing is a primary obstacle to implementing gen AI at their organizations. Such advanced capabilities may not be affordable for all businesses for some time.

Strategy 317
article thumbnail

CIOs’ lack of success metrics dooms many AI projects

CIO Business Intelligence

Many organizations have launched dozens of AI proof-of-concept projects only to see a huge percentage fail, in part because CIOs don’t know whether the POCs are meeting key metrics, according to research firm IDC. We could hire five people.’” The potential cost can be huge, with some POCs costing millions of dollars, Saroff says.

article thumbnail

CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO Business Intelligence

However, barriers such as adoption speed and security concerns hinder rapid AI integration, according to a new survey. Of the 750 CIOs around the world surveyed by Lenovo, 81% said they are already leveraging third-party AI Tools or deploying a mix of third-party and proprietary AI.

Survey 342
article thumbnail

What is a CTO? The exec who sets tech strategy

CIO Business Intelligence

What is a CTO? The chief technology officer (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.

article thumbnail

Case in point: taking stock of the CrowdStrike outages

CIO Business Intelligence

It was an interesting case study of global cyber impact, says Charles Clancy, CTO at Mitre. In response to the outage, 84% of companies are either considering diversifying their software and service providers, or are already doing so, according to a survey by Adaptavist released in late January.

CTO Hire 173