Remove 2024 Remove Risk Remove Uncertainty
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Data Literacy Planning 2024: Adapting to Economic Uncertainty

Aryng

Does it seem like 2024 is starting with more uncertainty compared to previous years? In times of great uncertainty leaders have to scrutinize the investment in strategic initiatives. In times of great uncertainty leaders have to scrutinize the investment in strategic initiatives.

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CIOs look to sharpen AI governance despite uncertainties

CIO Business Intelligence

We launched the proof-of-value pilot in November 2023 and rolled it out to all team members by February 2024. Another factor that increases gen AI risk and costs is the “massive ‘shadow IT’ in most organizations, as employees use personal accounts to use tools like ChatGPT with company data,” Baier says.

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IRM 2021: The Year of Uncertainty and Change

John Wheeler

Regulations were set aside and associated technological and business risks were given low priority to help with the larger effort to “slow the spread” of the virus. No doubt, 2021 will be the year of uncertainty and change. A focus on performance and assurance helps to reduce uncertainty related to strategic goals.

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Avoid generative AI malaise to innovate and build business value

CIO Business Intelligence

Deloitte 2 meanwhile found that 41% of business and technology leaders said a lack of talent, governance, and risks are barriers to broader GenAI adoption. However such fear, uncertainty, and doubt (FUD) can make it harder for IT to secure the necessary budget and resources to build services. 2024 Artificial Intelligence

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Moderate IT budget increases have CIOs shaping 2025 strategies to suit

CIO Business Intelligence

increase in IT spending overall in 2024, compared to 4% in 2023, software spending growth suggests CIOs need to adjust their budgets downward elsewhere. Earlier this year, Forrester competitor Gartner projected a worldwide IT spending increase of 8% in 2024. through 2027. With Forrester projecting a 5.3%

Strategy 130
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Sustainability: Real progress but also thorny challenges ahead

CIO Business Intelligence

IDC’s Sustainability Readiness Index Survey (August 2024) found that 32% of businesses have created strategic road maps, while 26% have begun embedding sustainability into their operations and 20% say that sustainability has become the “new normal.” There is no denying that environmental sustainability is top of mind for many companies today.

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CIOs must beware committing ‘AI washing’ themselves

CIO Business Intelligence

A record number of S&P 500 companies, 199 of them, mentioned AI in their earnings calls covering the first quarter of 2024, according to analysis by document search firm FactSet. Gen AI can still hallucinate, even if tuned, creating a level of uncertainty when more traditional tools would be more consistent.