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Among the recent trends impacting IT are the heavy shift into the cloud, the emergence of hybrid work, increased reliance on mobility, growing use of artificial intelligence, and ongoing efforts to build digital businesses. As a result, making the shift to IT consulting can be a lucrative path to a fulfilling IT career.
Dun and Bradstreet has been using AI and ML for years, and that includes gen AI, says Michael Manos, the companys CTO. 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. Other surveys found a similar gap.
By staying ahead of market trends, the organization remains agile, adaptable, and ready to outperform rivals. Step 3: Current state analysis of IT IT landscape assessment IT leaders must evaluate their current technologies, processes, and capabilities.
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.
With C-suite leaders under increasing pressure to align technology with strategic objectives, many experience that roles — whether CEO, CFO or even CTO — lack the deep technical insight needed to bridge the gap between business and technology. The CTO and CIO handle IT management and technological innovation.
In coming to software development, agentic AI — a rising trend that emphasizes autonomous decision-making over simple content generation — will push the boundaries of current AI coding copilots to enable AI-native software engineering to emerge. “A Some companies are already on the bandwagon. Gen AI tools are advancing quickly, he says.
When addressed properly , application and platform modernization drives immense value and positions organizations ahead of their competition, says Anindeep Kar, a consultant with technology research and advisory firm ISG. The bad news, however, is that IT system modernization requires significant financial and time investments.
As with just about everything in IT, a data strategy must evolve over time to keep pace with evolving technologies, customers, markets, business needs and practices, regulations, and a virtually endless number of other priorities. CIO at Black & Veatch, a global engineering, procurement, consulting, and construction company.
She previously worked at Iron Mountain, where she was Executive Vice President and CTO. She co-founded Trend Micro in 1988 and has been leading the company ever since; first as executive vice president, CTO in 1996, and CEO since 2005. Not many security vendors from the 1980s are still around, but Trend Micro is a survivor.
“By explaining the concepts behind AI in a clear manner, the business leader can be introduced to the building blocks for AI, and the IT leader can develop an acceptable strategy,” advises Nidal Haddad, principal at business advisory firm Deloitte Consulting.
Chieftechnologyofficers are key players in the enterprise C-suite, oftentimes working in collaboration with CIOs at the forefront of new and innovative technologies. They are among the most important hires organizations are making today due to the business value that successful technology deployments can bring.
CIOs who ignore the trend risk losing major ground to competitors, AI and marketing experts suggest. 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.
Conversations and subscriptions A per-conversation model seems to be an emerging approach, says Sesh Iyer, managing director, senior partner, and North America regional chair at BCG X, Boston Consulting Groups IT building and designing group. Vendors could also charge a small price per audio input or output.
By Bob Gourley We have been tracking this since Marc Andreessen called the trend out in 2011 (see “ Why Software is Eating the World “) and are especially interested in how the trend will impact the world of the enterprise. Penetration of the trend into other industries will threaten many business models. Recruiting.
Just as company executives are now trend jumping to hire AI experts, the same thing happened with software developers in 2019 and 2020, she says. Prashanth Ram, CTO at IT training and engineer placement firm Smoothstack, agrees AI wont eliminate the need for developers. The job will evolve as most jobs have evolved.
We’ve never had a technology touch everyone so rapidly.” Embedded AI Embedding AI into enterprise systems that employees were already using was a trend before gen AI came along. The world has flipped since 2022,” says David McCurdy, chief enterprise architect and CTO at Insight. Then gen AI came out.
Contract type? CTO Cyber Security DoD and IC Events Government Research Startup News Tech Trends Charleston Commanding Officer Executive director Government Events Small business SSC LANT United States Department of Defense Wall Street' What quarter? It’s good for both Industry and Government. To read more please log in.
But the entire process will need to be reinvented in order to make full use of the technology, says Monteiro. Theres too much attention on AI for code development, which is actually just a fraction of the whole software development process. Next year, however, he expects multi-modality to be an important trend.
Two of the top executive recruiters in the CIO retained search space, Shawn Banerji and Martha Heller, joined me for the first episode of 2024 to share their insights on a range of talent-related issues, including hiring trends, hybrid work questions, and the critical skills companies are looking for at the executive level.
As VP of cloud capabilities at software company Endava, Radu Vunvulea consults with many CIOs in large enterprises. We see this more as a trend, he says. In some geographies, data localization and privacy requirements are embedded directly into customer contracts, he says. Where are those workloads going?
The chieftechnologyofficer (CTO) and chief executive officer must work together for the good of the company. The CTO is responsible for focusing on technological matters, such as computers, websites and social networking. Work alongside your CEO to see eye to eye with other executives.
So, when Synack , a crowdsourced cybersecurity vendor, told me it secured a contract with the IRS, I was intrigued. First, a little bit about what Synack does: The company is following something of an ongoing trend in the security space in that it wrangles a bunch of “ethical hackers” to essentially try and break a client's IT systems.
The role of a FractionalChiefTechnologyOfficer (CTO) is to provide technical expertise and leadership to a company on a part-time or temporary basis. This can be a useful option for startups or small businesses that may not have the resources to hire a full-time CTO or may not need one on a permanent basis.
From determining career paths, applying for the role, and understanding trends in AI, the Next CIO cohort have gained a clearer understanding of what c-suite technology leadership entails and identifying which skills they need to succeed. Next CIO workshops are designed to support the Next CIO cohort into their first CIO role.
Stephen Kowski, Field CTO at SlashNext, highlighted the concerning trend of cybercrime evolving into a service-based industry, saying: "The takedown of HeartSender reveals how cybercrime has evolved into a sophisticated service industry, where even non-technical criminals can easily purchase and deploy advanced phishing tools to target businesses.
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. In April of 2023, Censuswide conducted a survey of 608 US respondents from companies with $250m+ revenue.
Vendors and consultants are always eager to share insights into innovations and trends, but exchanging ideas and opinions with colleagues and fellow IT leaders can often be invaluable. As tech leaders advance their careers, many discover it’s lonely at the top.
Safeguard contracts: Include clauses in vendor contracts that address service-level agreements (SLAs), response times, and penalties for prolonged outages. Continuous improvement and review Stay informed: Keep abreast of industry trends and incidents like the CrowdStrike outage to learn from the experiences of others.
In 2024, a new trend called agentic AI emerged. Even at fractions of a penny per token, this ends up being tens to hundreds of thousands of dollars. Stephen Kaufman serves as a chief architect in the Microsoft Customer Success Unit Office of the CTO focusing on AI and cloud computing.
Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024. The savings are just too big to ignore for a ton of companies,” says David Heinemeier Hansson, the Danish developer of Ruby on Rails and co-owner and CTO of 37signals, which completed a six-month total exit from the cloud last June.
Data centers are running at near capacity in many areas of the world, according to the Global Data Center Trends 2024 report from CBRE, a real estate services firm. Jim Warman, vice president of infrastructure architects and engineers at Myriad360, a data center and cybersecurity consulting firm, sees the same trend.
There are many benefits to hiring a fractionalCTO, also known as a part-time or interim CTO. A fractionalCTO can bring a wealth of knowledge and experience to your organization without the added expense of a full-time executive.
Chuck Brooks ( @ChuckDBrooks ), President of Brooks Consulting International and Adjunct Faculty at Georgetown University, concurred. “In Nichol ( @PeterBNichol ), ChiefTechnologyOfficer at Oroca Innovations.” This has led to the greater adoption of DPUs that bring the data processing closer to the data.
The need to grow smartly Gil Westrich’s company, ClearML, is benefiting from increased adoption of artificial intelligence and machine learning (ML) technology. But the CTO and co-founder says that scaling to meet that demand presents its own challenges, which require self-reflection. How do we grow our business responsibly?”
The best chief digital officers can envision a company’s digital future and bring other executives and users on board with that vision. Evangelism comes more and more under the digital role,” says Justin Cerilli, who leads the financial services technology and data and analytics practices at consultancy Russell Reynolds Associates.
There are many former government officials who now run successful consultancies. Among the experts are: Alan Wade (former CIO at CIA), Fran Landolf (former SIS at NSA), Bob Flores (former CTO at CIA), Bob Gourley (former CTO at DIA), Jill Singer (former CIO at NRO), etc. There is evidence of this trend here: (link to PPT).
Several CIOs and other IT leaders in private equity (PE) environments say they see a trend toward the position being elevated, both with investors and at the portfolio companies they fund. Every aspect of the business is dependent on some type of technology.”
Thomas Phelps, CIO and SVP of corporate strategy at Laserfiche, says cloud contracts typically include several “gotchas” that IT leaders and procurement chiefs should be aware of, and he stresses the importance of studying terms of use before signing. I strike this language from all my contracts.”
“Technology such as AI is redefining business models, requiring organizations to make the seismic shift from a novice technology organization to a mature and trusted leader,’’ says Raj Sharma, consulting vice chair at EY Americas. “As This work is critical and feeds directly into how the company uses AI.”
The same big trends that Mary Meeker helps the community track are impacting all in government too. There are consultancies here in the beltway that will charge you up to $50k per month and offer little more than what you will learn by following those ten steps. CTO Gov2.0' Know the megatrends of enterprise IT.
Since 2023, compensation for CIOs and CTOs has increased by more than 7% and over 20% since 2019, according to Heller. CIO packages often include stock options, relocation expenses, and hiring bonuses, says Victor Janulaitis, CEO of consulting firm Janco. This growth is evident in both base salaries and equity packages,” she says.
“Generative AI does have the ability to replace CIOs who don’t embrace the innovative shifts coming for companies,” says Tim Crawford, a former CIO himself and now a CIO strategic advisor at AVOA, a technologyconsultancy. You might have the CIO rolled into a different role, or you might be able to merge the CIO and CTO,” he says.
Rate of change “The most important metric for IT success is rate of change,” says Nicolas Avila, CTO for North America at IT and software development company Globant. Still, when all is said and done, some key metrics stand out above the rest for accurately measuring IT success. Here they are.
Felix Gaehtgens et al, Top Strategic TechnologyTrends for 2022: Cybersecurity Mesh, Gartner, October 18, 2021 For more cybersecurity thought leadership, please visit us online. About Sean Duca: Sean is vice president and regional chief security officer for Asia Pacific and Japan at Palo Alto Networks.
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