A Comprehensive Study of the Transformative Impact of Gen AI in the Enterprise in 2023
Princeton, NJ – Nov 14, 2023 – ISMG is pleased to announce the upcoming release of “First Annual Generative AI Study: Business Rewards vs. Security Risks” – a comprehensive survey designed to provide valuable insights into the dual perspectives of CIOs and CISOs on generative AI – its opportunities, risks, and business implications.
As generative AI becomes increasingly integrated into the business world, understanding its impact on productivity, security and innovation is crucial to stay competitive. A study from McKinsey & Company states that over 60% of current occupations can automate more than 30% of their activities, reducing the need for constant human intervention.
This insight underscores the urgency and relevance of ISMG’s AI survey, which aims to assess the strategic landscape of gen AI adoption and demystify the complexities of its integration into various work environments. The first edition of this annual survey is supported by Microsoft, Google Cloud, Clearwater, OneTrust and Exabeam.
“We stand at the threshold of a pivotal moment, as generative AI significantly impacts our business practices and security measures,” said Tom Field, SVP – Editorial, ISMG. “Our survey is designed to decode the complexities surrounding AI adoption and offer a global view of how professionals envision its role, its potential and the hurdles they face.”
Recognizing that AI has become more than just an asset – it is the defining factor for staying competitive in today’s market – the survey covers over 400 cybersecurity and enterprise technology professionals, including CIOs, CISOs, CTOs and senior decision makers in leadership positions such as CEOs and board members, highlighting the differences in their perspectives.
In addition to gen AI adoption, the survey explores several other themes, including the role of AI in digital transformation, process automation, regulatory compliance and risk management, alternatives to AI, budget allocations for gen AI solutions, risks associated with AI-generated code repositories, global policies ensuring security protocols.
“From automating routine tasks to predicting trends and uncovering insights, AI is becoming an indispensable tool across all industries, setting the stage for a more intelligent and competitive future,” said Mike D’Agostino, general manager, ISMG. “Our generative AI study marks a significant milestone in our journey to understand this transformative technology and empower organizations to make data-driven decisions.”
The survey will provide a holistic view of generative AI and offer an in-depth analysis of the perspectives of both CIOs – responsible for driving technology in business – and CISOs – tasked with safeguarding organizations from emerging threats. The survey delves into their common concerns and distinct priorities, providing a well-rounded view of generative AI’s impact on the IT and security domain.
In line with the release of this AI study, ISMG is also announcing the following AI-enabled initiatives:
- Unveiling of ISMG’s AI-Driven Growth Strategy – A series of AI initiatives at the firm geared towards optimizing targeted content generation, enhancing the marketing and operational workflows, and continuously improving global audience engagement.
- AIToday.io Launch – A pioneering addition to ISMG’s global media network of media properties, crafted to provide authoritative insight into the rapidly evolving domain of AI and its sweeping implications for enterprise technology and cybersecurity domains.
- CyberEdBoard AI Series – An international education initiative by CyberEdBoard, across North America, EMEA, and APAC, with a range of AI-centric educational seminars and talks by industry leaders.
- CyberEd.io Education Initiative on AI – “The Smarter Summit,” exploring the implications of AI on critical domains, including IT, human risk management, hidden threats, mainframe, and risk discovery.
A recent study conducted by Harvard Business School with Boston Consulting Group on the performance implications of AI on realistic, complex, and knowledge-intensive tasks found that professionals using AI were significantly more productive. On average, they accomplished 12.2% more tasks and completed them 25.1% more swiftly, yielding significantly higher quality results.
The findings of ISMG’s annual AI survey will be instrumental in adding to the enterprise narrative and guiding organizations to make informed decisions about AI adoption and security measures. Stay tuned to the ISMG media network for more information on the study. This survey is an intrinsic part of a broader suite of initiatives that are ongoing at ISMG, embracing the use of AI across the business.
ISMG is the world’s largest media organization devoted solely to information security and risk management. Each of its 37 media properties provides education, research and news that is specifically tailored to key vertical sectors including banking, healthcare and the public sector; geographies from North America to Southeast Asia; and topics such as data breach prevention, cyber risk assessment and fraud. Its annual global summit series connects senior security professionals with industry thought leaders to find actionable solutions for pressing cybersecurity challenges.
CyberEdBoard is the premier members-only community of executives and thought leaders in the fields of security and IT. Membership in Information Security Media Group’s CyberEdBoard provides executives with a powerful peer-driven collaborative ecosystem and library of resources to address complex challenges shared by CISOs and senior security leaders worldwide. Executive members utilize the CyberEdBoard engagement platform to further enhance their professional brands, create and exchange member-exclusive resources, obtain accredited education and content, contribute in the executive mentor marketplace and seamlessly connect with senior security peers and experts around the world.
CyberEd.io is on a mission to ‘Close the Gap’ by providing comprehensive cybersecurity education to the industry. Millions of cybersecurity jobs go unfilled today globally due to a shortage of essential skills. From basic cybersecurity skills to job/role-specific skills, the shortage of qualified resources is overwhelming. And this gap continues to expand with every new attack, every new technology innovation introduced at an organization, every new compliance requirement, and every new business initiative that extends an organization beyond its physical boundaries and geographical reach. CyberEd.io provides the cybersecurity training and education needed to close this gap. Taught by a faculty of industry-renowned practitioners, the courseware on CyberEd.io is focused on building resiliency and improving the capability maturity for cybersecurity programs at organizations of every size.