Execs see AI and automation as long-term strategic investments | Computer Weekly

"But when asked about their top priority over the next five years, 46% of CIOs and 43% of CEOs point to increased automation and AI adoption. The study also reports that 35% of C-suite respondents aspire to transform their business into a data-driven organisation. Constellation Research founder and principal analyst R "Ray" Wang, who is quoted in the report, said: "AI is all about exponential efficiency. And it translates to results of 10x faster and 10x better - delivered at 10x cheaper.""

"To realise this potential, Rimini Street noted that executives need to have an organisation-wide view of how to enable AI for the business, working in tandem and developing a strong interlock with fellow C-suite counterparts to develop a vision and a well-defined plan to execute against. This includes securing funds needed to invest in - and sustain - the cost of continuous experimentation, implementation and results measurement."

"In the meantime, the study suggests that business executives and IT leaders are focused on implementing cloud strategies, fortifying cyber security postures, maintaining compliance and optimising IT costs. These actions - driven by shrinking IT budgets, increasingly sophisticated attacks and growing regulatory complexities - are more tactical in nature, but critical for meeting current business needs."

Cybersecurity and risk management are top tactical initiatives for 44% of IT decision makers and board-level executives. Over the next five years, 46% of CIOs and 43% of CEOs prioritize increased automation and AI adoption. Thirty-five percent of C-suite executives aim to transform their businesses into data-driven organisations. AI is viewed as enabling exponential efficiency, delivering results 10x faster, 10x better, and at 10x lower cost. Realizing AI's potential requires an organisation-wide view, strong C-suite interlock, secured funding, and plans for continuous experimentation, implementation, and measurement. Meanwhile, organisations focus on cloud strategies, compliance, cyber posture, and IT cost optimisation.

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