Embracing AI
“
Within the spectrum of technological investments, AI emerges as the dominant priority over the upcoming year, resonating with 34% of respondents. This emphasis on AI is closely followed by investments in applications, analytics, and data management. Notably, intriguing parallels surface between companies' characterization of their AI journeys and their digital transformation trajectories, accentuating the interconnection between the two initiatives. AI is unequivocally established as a pivotal catalyst for digital transformation – redefining processes, augmenting decision-making, and fueling innovation. Smaller entities with revenues below $10 million and their larger counterparts exhibit a tendency to classify their artificial intelligence journeys as either 'late' or 'building,' signifying considerable advancement toward completion. Conversely, medium-sized organizations predominantly align with the 'building' phase, indicative of a pivotal midway point in their AI journey. This divergence underscores the variances in available resources, strategic priorities, and the complexities faced by organizations of differing scales.
The recent floodgates of
generative AI have turned the
AI world on its head. It's too
soon to determine the impact,
but all companies should at
least be considering a
medium-term strategy around
generative AI.”
Jeff Rogers Director of Data Management at Concord
CIO INSIGHTS REPORT
22
Powered by FlippingBook