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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.
What is a CTO? The chieftechnologyofficer (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.
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.
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.
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. There is a promising surge in the use of AI technologies across various industries. For Neeraj Kumar, CTO of Arkreach, the speed with which AI technologies are being developed itself poses a threat.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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
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.
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.
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.
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.”
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.
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.
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.
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%.
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. Establishing technology and business owners also drives collaboration.
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.
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.
Drone Researchers See the Technology Grounded by Federal Safety Rules - Chronicle of Higher Education (subscription). 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.
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.
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.
Stakeholders include scripters who create our surveys, data processors producing analytics and data visualisations, and project managers in charge of delivery. In your view, what are some of the keys to success for women in technology, and particularly in leadership positions?
Stakeholders include scripters who create our surveys, data processors producing analytics and data visualisations, and project managers in charge of delivery. In your view, what are some of the keys to success for women in technology, and particularly in leadership positions?
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. But now it’s taking aim at a much larger vision.
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.
“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.
“Throughout my career I’ve sought to join organizations driving significant technological shifts, and I strongly believe experience management and Qualtrics are at the next frontier of this,” Sundar said in a statement. Kunal Anand, F5’s chief innovation officer. (F5 Rick Katz, chief financial officer for Valant.
More than nine in 10 IT decision-makers project their budgets will increase in 2025, according to the Forrester 2025 Budget Planning Guide for Technology Executives. 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%.
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.
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.
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