International Data Corporation (IDC) presented its worldwide CIO agenda predictions for 2024 and beyond.
"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 is being revolutionised," said Daniel Saroff, group vice president, Consulting and Research at IDC.
IDC 2024 predictions
Leading organisational change: CIOs will embrace a shift in their role towards an agile and innovative direction as they spearhead organisational changes in AI adoption, automation, and data analytics.
Risks of adopting digital technologies: As outdated infrastructure and inadequate IT support add to risks, digital business leaders must upgrade and modernise IT infrastructure for organisational innovation.
Security as a foundational element: As CIOs incorporate security protocols into systems, software, and processes, they need to address vulnerabilities, weaknesses, and threats.
Fostering a data platform: The need of organisations for a strong data-centric culture will rise to adapt to the digital business era.
Aligning IT investments with revenue goals: Digital transformation must align with IT investments and business outcomes.
A cohesive AI strategy: Organisations need a robust governance framework to provide guidelines on the ethical and responsible use of GenAI.
GenAI talent, experience, and training data: Leaders should build a foundation of talent, experience, and training data aligned with business goals.
Regulatory compliance and ESG: Real-time ESG data collection, transparent reporting, and data-driven decision-making should align with sustainability and governance goals.
Aligning IT with marketing: Effective marketing strategies foster customer satisfaction, trust, and loyalty.
Building custom apps in-house: Creating tailored apps in-house positions organisations for success in a constantly evolving competitive environment.