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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
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CIOs’ lack of success metrics dooms many AI projects

CIO Business Intelligence

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.

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10 AI strategy questions every CIO must answer

CIO Business Intelligence

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.

Strategy 353
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Many CIOs operate within a culture of fear

CIO Business Intelligence

The survey results came as no surprise to several CIOs and other IT leaders, with some describing past jobs in fear-based environments, and others saying they know of colleagues in similar situations. Such a culture often starts at the top, says Jack Allen, CEO and chief Salesforce architect at ITequality, a Salesforce consulting firm.

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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 292
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What’s holding back CIO’s AI strategies? Their own AI learning curve for one

CIO Business Intelligence

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.

Strategy 331
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Cost concerns put CIOs’ AI strategies on edge

CIO Business Intelligence

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.

Strategy 317