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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. How does our AI strategy support our businessobjectives, and how do we measure its value?
Transformational CIOs continuously invest in their operating model by developing product management, design thinking, agile, DevOps, change management, and data-driven practices. Focusing on classifying data and improving data quality is the offense strategy, as it can lead to improving AI model accuracy and delivering business results.
Instead, CIOs must partner with CMOs and other business leaders to help quantify where gen AI can drive other strategic impacts especially those directly connected to the bottom line. The CIO and CMO partnership must ensure seamless system integration and data sharing, enhancing insights and decision-making.
According to Informaticas CDO Insights 2025 , 87% of data leaders expect increased investment in generative AI and datagovernance, yet only a fraction are leveraging these advancements for ESG efforts. Additionally, 97% of CDOs struggle to demonstrate business value from sustainability-focused AI initiatives.
While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% Then, often reporting to risk, compliance, or security organizations, are separate datagovernance teams focused on data security, privacy, and quality.
One approach is to define and seek agreement of non-negotiables with the board and executive committee, outlining criteria of when upgrading legacy systems must be prioritized above other businessobjectives. In many organizations, the velocity to add SaaS and genAI tools is outpacing IT, infosec, and datagovernance efforts.
Salesforce’s findings gibe with IDC’s Worldwide C-Suite Survey 2023-2024 , released in September. But the enthusiasm must be tempered by the need to put data management and datagovernance in place. More than two-thirds of technical leaders expect data volumes to increase 22% on average over the next year.
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To tackle that, businesses are turning their budgets toward the cloud, with two out of every three IT decision-makers planning to increase cloud budgets in 2024, and nearly a third (31%) reporting that 31% of their IT budget is earmarked for cloud computing, according to the 2023 Cloud Computing Study from CIO.com parent company Foundry.
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