43% of enterprises say their AI and Machine Learning (ML) initiatives matter “more than we thought,” with one in four saying AI and ML should have been their top priority sooner.
50% of enterprises plan to spend more on AI and ML this year, with 20% saying they will be significantly increasing their budgets.
Last year was an annus horribilis for most business executives, but for CIOs the dark cloud of economic chaos had a distinctly silver lining. The response to the pandemic highlighted just how central technology—and the teams that shape and manage it—have become to companies’ fortunes. By tapping cloud computing, mobile platforms and other capabilities, CIOs helped millions of people shift to remote work almost overnight and quickly built a plethora of new digital commerce channels to keep companies connected to their customers.
Big data analytics is the secret sauce of the American polity and economy—widely utilized but poorly understood. Organizations use various types of big data analytics to make decisions, correlations, and predictions about their constituents or stakeholders. The market for data is big and growing rapidly; it’s estimated to hit $100 billion before the end of the decade.
The technological universe has almost limitlessly expanded its borders. What was a little-explored space just a few decades ago has now become an environment in which the most varied commercial initiatives are born, grown and developed every day. The world of the internet has allowed commerce to expand globally, generating excellent economic mobility. However, as companies that operate on the web grow, so do the risks associated with it. Due to this, cybersecurity practices for internet businesses have become essential.
As we evolve our expectations regarding our current-day tech culture, “the cloud” is a term used by tech and nontech communities alike. Hearing the boomer and Gen Z generations both speak fluently about a concept that felt far-reaching not so long ago is a true testament to the accelerated pace our technology sector is experiencing. In the eyes of the consumer, the ability to back up to and access the cloud has become a must-have add-on to any of our gadgets. Storing pictures, music and documents has become the norm.
Data privacy and cybersecurity issues continue to be top of mind, as this week the U.S. Senate unanimously passed the Internet of Things (“IoT”) Cybersecurity Improvement Act (H.R. 1668), introduced by Congresswoman Robin Kelly (D-Illinois). In September, the House had passed the bill by voice vote after negotiation sessions with the Senate. The legislation provides for the establishment of minimum cybersecurity standards for government purchased, internet connected devices, with anticipated impact on manufacturers in the private sector.
Billions of internet-connected sensors and other devices, comprising the Internet of Things (IoT), now span the world’s manufacturing plants and logistics infrastructure. They enable remarkable efficiency and unprecedented data collection for industrial companies. However, with so many poorly secured devices in operation, the so-called Industrial IoT (IIoT) exposes manufacturing businesses to high levels of cyber risk.
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