Security News > 2023 > December > CIOs shape long-term success with GenAI expertise

Today's CIOs have evolved from managing IT infrastructure and ensuring systems' efficiency to becoming key business strategists, according to IDC. They stand at the intersection of technology and business, leveraging innovations to shape organizational directions, create value, and boost revenue for the company.

As they move their organizations toward the goal of becoming a digital business, they are grappling with pressing challenges such as optimizing IT investments, fortifying cybersecurity, and driving innovation through generative AI. IDC expects companies to expand their digital business capabilities further as they seek to gain competitive advantage and CIOs will play a crucial role in the success of these efforts.

"Companies, in their efforts to remain competitive and relevant, are turning to their CIOs as visionary leaders. These CIOs emerge as multifaceted leaders, capable of merging technology with business strategies. In this dynamic era, the role of the CIO is not just adapting - it's being revolutionized," said Daniel Saroff, group VP, Consulting and Research at IDC. Leading organizational change in response to technology change.

GenAI will become integral to various business functions, and CIOs must manage expectations with the lines of business.

For long-term success with GenAI, CIOs need to build a foundation of talent, experience, and training data tailored to their business needs.

On this foundation, CIOs must continuously innovate and identify new applications of GenAI to remain ahead. CIOs are uniquely positioned at the intersection of technological innovation and ESG implementation.

News URL

https://www.helpnetsecurity.com/2023/12/15/cios-digital-business/