INFOGRAPHIC
Key findings on AI :
• Integrating AI technologies will be the number one priority for CIOs this year
• 86 % are investing in AI skills and the same amount have kicked off formal AI policies
• 86 % believe they will save costs throughout the organisation as a result of implementing AI
• 85 % have , or are planning , budgets solely for AI development and implementation
• 72 % of CIOs are apprehensive about the challenges of regulating AI
Key findings on security :
• Respondents believe malware and ransomware ( 41 %) pose a significant risk to their organisation over the next 12 months , with a slightly similar portion saying the same for data breaches ( 36 %) and phishing ( 35 %)
• Of the 83 % who experienced a cyberattack in 2023 , the following were almost as equally common : fraud , third party-related compromise , hacktivism / website / social media defacement , denial of service / sabotage , data exfiltration , ransomware / extortion and cryptojacking
• Almost all of those who experienced an attack faced a relatively equal range of consequences : unscheduled downtime , reputation damage , loss of revenue , loss of customer data , loss of employee data and regulatory fines
• Only 43 % of CIOs feel their business is completely prepared to handle another major security breach
Key findings on connectivity :
• For 75 % of CIOs , connectivity infrastructure is a barrier to implementing IoT initiatives
• 93 % of CIOs reported investing in or planning to invest in Private 5G for uses including improving
customer and employee experiences ( 55 %), real-time inventory ( 50 %) and asset oversight ( 48 %), connecting remote areas ( 48 %), enabling new monetisation models ( 43 %), predictive maintenance ( 40 %) and robotics ( 28 %)
• 98 % of CIOs are currently operating IoT initiatives such as workplace safety , remote monitoring and asset tracking
Key findings on Digital Transformation :
• 85 % of CIOs state spending on Digital Transformation will increase in 2024
• For the majority of respondents , spending across the following areas is set to increase : Digital Transformation , customer experience , supply chain resilience , risk management , ESG , talent management , business automation and efficiencies , outsourced IT management and cloud operating costs
• Nearly all ( 95 %) face barriers in Digital Transformation , the top three being : the availability of skills , lack of clear digital vision and security concerns �
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