According to an EY survey, nearly one-third of U.S. chief information officers believe technology is a driving force behind their company’s success and growth. “2024 CIO Sentiment Survey“Addressing the Challenges of Growth in the Age of AI,” conducted in March 2024, offers insights into how CIOs at leading companies are addressing the challenges of pursuing their growth agenda in the era of generative AI.
Respondents were 500 U.S.-based CIOs across a range of industries, including consumer goods and retail, healthcare, life sciences, advanced manufacturing and mobility, technology media, and communications.
Research suggests that CIOs taking a more proactive role in digital initiatives could lead to notable benefits.
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Additionally, CIOs expect deal processes to be improved through data analytics (43%) and IT and cyber due diligence (41%). Utilizing AI.
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The data also shows that many CIOs consider generative AI to still be in the pilot or proof-of-concept stage.
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Furthermore, revenue generation is Main motivation More than 37% of CIOs cite the use of generative AI as the reason, while 27% point to the technology for reinventing business models. Around 19% claim that cost reduction is the main driver for AI.
