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Logicalis launches 10th annual report based on insights from 1,000 CIOs globally and identifies major disruptive forces including AI and new cyberthreats as dominating their priority list .

According to the research , which surveyed over 1,000 CIOs globally , most ( 85 %) organisations are investing in AI technologies with transformative potential in 2024 , despite economic uncertainty .

Rapidly evolving cyberthreats , propelled by powerful technologies like Quantum Computing are also a key concern for CIOs in 2024 .

Despite improving cybersecurity , a staggering 83 % of businesses suffered a cyberhack in 2023 resulting in significant business damage including unscheduled downtime , loss of revenue and customer data and regulatory fines .

The majority of CIOs feel internal pressure to quickly seize new tech opportunities .

As a result , confidence remains low with only 43 % of CIOs feeling fully prepared for another breach .

For example , 87 % of respondents have already established AI workstreams and a similar number are investing in AI skills despite the technology being in the very early stages .

Yet CIOs ’ excitement is not without apprehension : most technology leaders expressed worries about

Bob Bailkoski , Global CEO , Logicalis Group , said : “ In 2024 we ’ re seeing the culmination of disruptive forces for the CIO , from AI to advancing security threats .

“ There is a sense from the respondents that the pace of Digital Transformation is involuntarily slowing down due to a shortage of available skills in the face of emerging technologies .

The majority of CIOs feel internal pressure to quickly seize new tech opportunities .

AI threatening their core business propositions and concerns about the challenges of effectively regulating AI use internally . Prudently , in response , 86 % have kicked off formal AI policies .

As well as AI , CIOs are facing a number of disruptive and challenging forces prompting them to continually reassess and rebalance priorities .

Nearly all CIOs are facing barriers to implementing Digital Transformation , with many citing a lack of skills and digital vision .

“ CIOs face the dual dilemma of how to continue leading organisations with the aim to drive innovation and growth , while protecting their organisations from the evolving digital threat landscape .

“ The future tech leader needs to have a diverse set of skills from visionary thinking to strategic execution , becoming the master of the balancing act and choosing carefully where to focus .”

CIOs also recognised the importance of connectivity infrastructure in supporting innovative growth .

IoT and Private 5G were key investment areas highlighted by respondents , with 93 % investing in or planning to invest in Private 5G for uses including improving customer and employee experiences , realtime inventory and asset oversight , connecting remote areas and even enabling new revenue streams .

26 INTELLIGENTCIO EUROPE www . intelligentcio . com