FINAL WORD
CIOs ‘ double down ’ on data and AI investment over 2024
Nearly half of the technology leaders surveyed for new MIT Technology Review Insights research report expect to increase their AI budgets by more than 25 % in the next year .
CIOs are doubling down on their investments in data and AI a new report reveals . Released by MIT Technology Review Insight , the survey findings show that faced with increasing audience expectations , new competitive pressures , a challenging economic backdrop and an unprecedented speed of innovation , technology leaders need their data and AI assets to deliver more growth to the business than ever before . And they are investing to secure this future .
Every organization surveyed said it will boost its spending on modernizing data infrastructure and adopting AI during 2024 – for nearly half ( 46 %), the increase will exceed 25 %
The report – Laying the foundation for data-and-AI-led growth – is produced in partnership with Databricks and is based on a global survey of 600 CIOs , CTOs , CDOs and technology leaders for large public and private-sector organizations .
“ We are at an inflection point with AI adoption and CIOs are doubling down on their investments to ensure they have the right technology and talent in place to reap the efficiencies of AI democratization ,” said Naveen Zutshi , CIO , Databricks .
“ Today ’ s early movers will be tomorrow ’ s AI winners . But to be successful , technology leaders must foster a culture where employees feel empowered to
82 INTELLIGENTCIO NORTH AMERICA www . intelligentcio . com