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The analyst reports tell CIOs that generative AI should occupy the top slot on their digitaltransformation priorities in the coming year. I wrote in Driving Digital , “Digitaltransformation is not just about technology and its implementation. Luckily, many are expanding budgets to do so. “94%
Digitaltransformation and climate change initiatives have similarities despite having different foci. Digitaltransformation focuses on integrating digital technologies into all business areas, fundamentally changing how the organisation operates and delivers value to customers. Houston, we have a problem.
“In a world underpinned by change, it remains constant that digitaltransformation must be a core organizational competency,” she says. The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Snow Software’s CIO Al Pooley agrees.
Nominations are now open for the 2024 awards, with all entries to be reviewed by a select and independent CIO50 Middle East judging panel which will rate each section of the questionnaire to determine the final list.
Gone are the days when simple firewalls and antivirus software could keep our digital assets safe. For instance, in 2024, a troubling trend emerged where hackers used AI-powered tools to create highly convincing deepfakes, impersonating CEOs and other C-suite executives in 75% of such attacks.
To drive gen-AI top-line revenue impacts, CIOs should review their data governance priorities and consider proactive data governance and dataops practices that go beyond riskmanagement objectives. This data suggests change management efforts are lagging technology efforts at many organizations.
In turn, threat actors have continued to exploit the vulnerabilities companies exposed themselves to, including those publicly identified, in keeping pace with rapid digitaltransformation efforts. McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5
As a digitaltransformation leader and former CIO, I carry a healthy dose of paranoia. Call it survival instincts: Risks that can disrupt an organization from staying true to its mission and accomplishing its goals must constantly be surfaced, assessed, and either mitigated or managed.
Nearly half (49%) of IT leaders responding to the 2024 State of the CIO Study from Foundry, publisher of CIO.com, say they expect to play more of a strategic role in the upcoming years, with another 36% anticipating a heavy emphasis on transformational responsibilities. Riskmanagement came in at No. For Rev.io
“We know what we’re trying to achieve, because we know the business goals and objectives,” We want to grow substantially, and we want to do that with speed,” says Bilker, whose clarity on IT’s business objectives mirror the top directives CEOs are giving their CIOs, according to the 2024 State of the CIO Study from Foundry, publisher of CIO.com.
Studies like Foundry’s 2024 State of the CIO report reveal a dramatic change in attitude. The short tenure of many CIOs and CTOs—often three to four years—can be attributed to their inability to drive digitaltransformation at the necessary pace or their role as scapegoats for a lack of accountability among other executives.
While some providers initially sought to implement radical transformation to cloud technologies, almost none have been able to replace their legacy IT. Efforts for rapid digitaltransformation has been additive, and the difficulty of regulating and extending those infrastructures has scaled up accordingly.
Due to be adopted as law by member states by October 2024, the EU Network and Information Systems (NIS2) Directive is the most important cybersecurity legislation ever enacted across member states. One of the biggest challenges will be NIS2’s emphasis on boosting supply chain security, widely acknowledged as a major potential weakness.
The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. An investment in the tools and infrastructure to combat such threats is likely to occur in 2024.
Similarly, Deloittes 2024 CxO Survey highlights that while CDOs prioritize AI and business efficiency, sustainability remains a secondary focus. Highlight how ESG metrics can enhance riskmanagement, regulatory compliance and brand reputation. Chitra Sundaram is the practice director of data management at Cleartelligence, Inc.
According to the 2024 State of DevOps Report: The Evolution of Platform Engineering , 78% of respondents work in organizations with platform engineering groups in place for at least three years. DevOps is about delivering value to the business faster and more reliably and is at the heart of digitaltransformation efforts.”
Telecom networks are an integral backbone of the digital infrastructure that powers our economies today. They’re the driving force behind every industry’s digitaltransformation, connecting businesses, people, and information like never before.
Discover Financial Services has moved aggressively to the cloud in 2024 with a migration strategy focused on retaining hybrid flexibility and making the most of cloud elasticity. EVP and CIO Jason Strle, who joined Discover 18 months ago after CIO and CTO roles at Wells Fargo and JPMorgan Chase & Co.,
Offered by the ISACA, the CRISC certification validates your ability to understand and mitigate enterprise IT risk using the latest best practices to identify, analyze, evaluate, assess, prioritize, and respond to risks. It’s best suited for CIOs, IT executives, current or future IT managers, project managers, and business analysts.
From 1 January 2024, the provisions relating to supplier riskmanagement will also apply to companies with more than 1,000 employees. DigitalTransformation The objective is to increase transparency in supply chains and to bolster human rights.
in June 2023, a proprietary platform for all the companys AI applications, and it earned Ally a 2024 CIO 100 Award for IT leadership and innovation. Together, they formed an internal team of professionals in financial service fields including regulatory compliance, riskmanagement, and audit, among others.
This is evident from emerging regulatory requirements and expectations in UK (Bank of England’s Critical Third-Party regime), Europe (Digital Operational Resilience Act)), Australia (APRA CPS-230 Operational RiskManagement) and Canada (OSFI – Operational Resilience and Operational RiskManagement), etc.
billion in 2024, up from $563.6 Build a zero-trust security approach According to a recent IBM IBV study , the average organization uses more than eight to nine cloud infrastructure environments at any given time, increasing the risk of security threats from bad actors and putting sensitive data at risk. to total $678.8
Looking beyond governance, George shares the five strategic priorities business leaders should keep in mind to capitalise on the AI opportunity: Riskmanagement: Organisations should prioritise building governance frameworks to align AI initiatives with legal, ethical, and operational standards, ensuring risk is managed proactively.
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. The time for experimentation and seeing what it can do was in 2023 and early 2024. The world plunged headfirst into the AI revolution.
Nimesh Mehta, SVP and chief information and strategy officer, National Life Group National Life Group The 2024 State of CIO research clearly depicts a more prominent, business-centric role for IT leadership. “For CIOs, understanding the business is table stakes — now we’re expected to change the business, not just technology.”
The following 10 award-winning projects showcase the impressive power of IT in the enterprise today and the ingenuity of modern CIOs and their teams, serving as representatives for the cohort of 2024 honorees. We recognized AI’s potential to revolutionize the digital landscape and understood that the conventional SOC model needed to evolve.”
The primary research survey was conducted in Q3 2024 among Thinkers360 members and the global community of AI end users and providers, and this years findings show the overall AI Trust Index score for 2024 was 308 on a scale from 100 (not concerned) to 400 (extremely concerned). This is up from 224 in 2023.
These days, it’s a true badge of honor to be considered a transformational CIO. If a CIO can’t articulate a clear vision of how technology will transform the business, it is unlikely they will inspire their staff. Conversely, CIOs with a digitaltransformation mindset embrace trying new things, learn from failures, and iterate quickly.
Tuttavia, nel 2024, l’avvento della GenAI e l’entrata in vigore dell’AI Act hanno contribuito a creare un approccio più strutturato, soprattutto nelle grandi aziende.
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