Intentions of 90% of organizational leaders to incorporate AI in 2024
Despite economic uncertainties, 85% of organizations are committing to AI investments in 2024 with transformative potential.
Recent findings from Logicalis unveil that technology leaders prioritize AI, digital transformation, and cybersecurity, as disclosed in the company's 10th annual CIO report surveying over 1,000 CIOs globally. Despite economic uncertainties, 85% of organizations are committing to AI investments in 2024 with transformative potential. The report highlights that a majority of CIOs feel internal pressure to swiftly embrace new tech opportunities, exemplified by 87% establishing AI workstreams and investing in AI skills.
However, CIOs express both enthusiasm and concerns, particularly regarding the potential threat of AI to core business propositions and the challenges associated with internal AI regulation. In response, 86% have initiated formal AI policies. Beyond AI, CIOs grapple with various disruptive forces, encountering barriers to digital transformation, often due to skill shortages and a lack of digital vision.
Rapidly evolving cyber threats, propelled by technologies like quantum computing, remain a significant concern for CIOs in 2024. Despite improvements in cybersecurity, a staggering 83% of businesses experienced cyber hacks in 2023, resulting in substantial damage. Confidence is low, with only 43% of CIOs feeling fully prepared for another breach.
Bob Bailkoski, Global CEO of Logicalis Group, emphasizes the challenges faced by CIOs, noting a perceived involuntary slowdown in digital transformation due to a shortage of skills. He underscores the dual dilemma of driving innovation and growth while safeguarding organizations from evolving digital threats. The future tech leader, according to Bailkoski, must possess a diverse skill set and master the art of balancing priorities.
Connectivity infrastructure emerges as a crucial factor in supporting innovative growth, with the Internet of Things and Private 5G highlighted as key investment areas. A substantial 93% of respondents plan to invest in or are already investing in Private 5G for purposes such as enhancing customer and employee experiences, real-time inventory oversight, connecting remote areas, and creating new revenue streams.
