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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. 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.
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.
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.
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.
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.
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.
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.
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.
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. Talents must be paid.
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. Theres too much attention on AI for code development, which is actually just a fraction of the whole software development process.
For the past few years, IT leaders at a US financial services company have been struggling to hire data scientists to harness the increasing flood of incoming data that, if used properly, could improve customer experience and drive new products. To deal with this hiring problem, they’ve had to get creative.
More time saved, more wasted time When gen AI helps employees do their jobs faster, companies assume the free time will be used for higher-value activities. According to the company’s latest global survey of desk workers, employees spend 37% more time on routine administrative tasks instead. Hold off,” says Ross.
If you are in one of these companies and can provide your firm's views on these topics we would really appreciate you taking this survey. We have designed the survey to be easy and fast to take: Find it here. This best selling book outlines the nature of the threat facing businesses and steps you can take today to mitigate threats.
According to IDC’s July 2023 Future Enterprise Resiliency & Spending (FERS) survey of 856 senior IT and business managers in large enterprises, the IT line items most affected, in addition to rising tech salaries, include SaaS and PaaS costs. But despite such challenges, CIOs say they’re meeting them head on. Here’s how.
The Global Workforce Hopes and Fears Survey , conducted by PwC, predicts that one in five workers worldwide may quit their jobs in 2022 with 71% of respondents citing salary as the major driver for changing jobs. As the company had legacy systems, it became tough to hire resources that could manage them.
Upskilling takes time, and contracted workers aren’t usually as close to the business as employees. growth rate, which resulted in about 117,000 net new hires.) According to The State of the CIO Survey,24% of CIOs view “reinventing infrastructure/applications to meet new requirements” as a challenge holding IT back.
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.
Of roughly 2,500 CIOs surveyed recently by Gartner, 9% say they have already deployed gen AI applications, and a staggering 55% say they will deploy large language models (LLMs) in production by the end of 2025. A recent survey of nearly 1,000 IT decision-makers conducted by Foundry underscores this.
Recruiting and hiring high-end IT talent is among the most challenging tasks IT leaders face today. The IT skills shortage is critical, with CIOs losing talented employees faster than they can hire them,” said Mbula Schoen, senior director analyst at Gartner, in a recent Q&A. “IT CIOs, and their recruiting teams, are well aware.
Artificial intelligence 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. For Rev.io
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.
CIO packages often include stock options, relocation expenses, and hiring bonuses, says Victor Janulaitis, CEO of consulting firm Janco. Typically, [CIOs] have 401ks and as part of the negotiation process, they’ll negotiate a lump sum that will offset the cost of that loss” from leaving their current job. “The Stephenson 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.
When Arvest, a regional bank operating in Arkansas, Kansas, Missouri and Oklahoma, hired Laura Merling as chief transformation and operations officer in 2021, one of the first things she changed was its digital transformation plan. Around this time, the results of the second Driving Change survey rolled in.
A 2022 survey of 850 IT leaders by Foundry found more than two-thirds were accelerating their cloud migration and nearly three-quarters (72%) were defaulting to cloud-based services for upgrades or new IT purchases. nyike The best way to avoid hidden #cloud costs is to read every word in the contract.
Be strategic with reserve pricing Reserve pricing for cloud services can reduce resource usage costs by as much as 70%, says David McKee, who in his role as fractionalCTO, tech founder, and digital twins thought leader at Counterpoint Technologies acts as a part-timeCTO for nine companies in the US and Europe.
Consider consumption-based contracts One of the best ways to align IT costs with value-generating outcomes is with consumption-based pricing, although it may seem like a higher-cost option. Consumption-based contracts are self-optimizing,” says Gartner’s Buchanan.
It’s important for CDAOs and CDOs to have good working relationships with CIOs, CFOs, and other executives, even though they aren’t always hired for their team-building skills, he says. “In In many cases, the CDOs have been hired for the skill set of data governance,” he adds. Foss is with the 11%.
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.
Cybersecurity will continue to be a top priority for Indian CIOs in the year ahead, according to a recent survey of technology executives by Gartner: 64% of Indian CIOs surveyed said they will increase their spending on security-related technologies in 2022, higher than the global average of 57%. CIO’s top concern: cybersecurity.
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 artificial intelligence to help legal departments manage contracts. Lexion has established itself as a leader in the legal tech and contract management sectors.
Ray Johnson, Former Lockheed CTO, Appointed to Terrestrial Energy’s Intl Advisory Board. NASA Notifies Congress About Space Station Contract Modification with Russia. Long-time Cisco exec departs. Submit your question suggestions for ‘State of Agile Government’ survey. IGs: Administration stymies access - FCW.com.
What really drives uncertainty One of the smartest guys on this planet, Ed Gough, formerly chief scientist and CTO at NATO Undersea Research Center (NURC) and former technical director at the US Navy’s Naval Meteorology and Oceanography Command, explained to me that ignorance is at the root of uncertainty. I am certain of that.
There’s always change,” says Jim Moore, CTO at HR Acuity. “A Paulo Gardini Miguel, director of technology at The CTO Club, agrees. Emphasize collaboration by involving team members in the decision-making process whenever possible,” says CTO Club’s Miguel. You hired smart people, after all. A healthy team is used to it.
According to an O’Reilly survey released late last month, 23% of companies are using one of OpenAI’s models. According to an Ernst & Young survey of 1,200 global CEOs released in late October, 99% are either planning or are already making “significant” investments in generative AI. He’s not the only one.
“It seems to be an increasing worry — worry over whether the enterprise is secure and its data is protected, because everything else falls to the wayside if that’s not taken care of first,” says John Buccola, CTO of E78 Partners, which provides consulting and managed services in finance technology and other professional areas.
Herding Cats: A Primer for Programmers Who Lead Programmers By Hank Rainwater If you are looking for advice on fine-tuning your approach to leading programmers, Matt Aird, CTO of Custom Neon and co-owner of Infoactive Media, recommends Herding Cats: A Primer for Programmers Who Lead Programmers. Timeless lessons indeed.”
In reality, cloud migration is expensive, and not having a full and complete picture of all costs can sink a business,” warns Aref Matin, CTO at publishing firm John Wiley & Sons. She notes that a survey of mainframe technology users revealed that 80% believe that mainframe technology remains critical to business operations.
Cloud delivery is part of the solution, but product-centric teams help build trust and continuity of expertise. Organizations don’t want fractional allocation — people rolling on to a project and rolling off,” he explains. Gary Jeter, EVP & CTO, Trust One.
Stakeholders include scripters who create our surveys, data processors producing analytics and data visualisations, and project managers in charge of delivery. There is huge value in hiring people from a variety of backgrounds. It’s important to recognise, and be confident about, what we bring to the table.
Stakeholders include scripters who create our surveys, data processors producing analytics and data visualisations, and project managers in charge of delivery. There is huge value in hiring people from a variety of backgrounds. It’s important to recognise, and be confident about, what we bring to the table.
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 Intelligence survey released in September. We saw instances of sending new employees equipment and by the time they got it, they didn’t want the job.
Four in 10 IT leaders surveyed by Forrester expect IT budgets to increase by less than 5%, with about the same percentage expecting a rise by 5% to 10%. Investment mode for some SnapLogic, an integration-platform-as-a-service provider, is among the companies expecting to bump up its IT budget, says Jeremiah Stone, CTO at the company.
The CIO’s biggest hiring challenge is clear: “There is simply not enough talent to go around,” says Scott duFour, global CIO of business payments company Fleetcor, for whom positions in areas such as AI, cloud architecture, and data science remain the toughest to fill. Geographical nuances are also arising. The net result?
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