Latest news with #MITSloanCIOSymposium
Yahoo
04-06-2025
- Business
- Yahoo
Data privacy, compliance spend rises alongside AI efforts
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Companies in the U.S. boosted spending to secure their data in the previous 12 months, according to a Blancco report published Wednesday. The survey, conducted by Coleman Parkes, consulted 2,000 IT and sustainability professionals in February and March. More than half of global businesses increased data privacy and protection compliance budgets, with the average organization growing this spending category by 46%. Among U.S. organizations, spend increased 71% year over year. The report attributes the spike to several factors, including new regulation in response to AI oversight. "Regulations may lead the charge, but IT and compliance teams also face internal demands for sustainability alignment and smarter asset use," the company said. Enterprise AI efforts pushed up compute costs, with CIOs working to deliver automation at scale. Compliance and data privacy costs rose too, as businesses responded to shifts in AI oversight and worked to mitigate increased cybersecurity risks. More than 2 in 5 leaders said their companies beefed up cybersecurity practices and reassessed privacy and data security measures due to the increased risks associated with AI adoption, a Gallagher report published in March found. Almost half of respondents in the Blancco survey credited AI with helping reduce redundant or obsolete data. However, more than 1 in 4 leaders reported the opposite: AI use increased the presence of this type of data in their IT estates. Leaders often identify data problems as an obstacle to AI deployment at scale. The challenge is compounded as new types of data emerge, said Vipin Gupta, president and CTO at Flipt, speaking during the MIT Sloan CIO Symposium in May. "We have to rethink how we will label and how we understand the data," Gupta said. "And I think that new thinking is still evolving." AI might provide an answer to the problem and help organizations sort through existing data more efficiently, Gupta said, as LLMs and other tools enter the market to accelerate data labeling. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
CIOs tackle talent strategies, org structures as AI takes hold
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Cambridge, Mass. — The rapid pace of AI development is putting CIOs in a tricky spot: Not only are they responsible for deploying tools that can boost productivity, they're also working to ensure the tools can be utilized once deployed. The dynamic has made workforce upskilling efforts a priority. It's up to tech leaders to help shape a culture that enables AI experimentation, according to Monica Caldas, global CIO at Liberty Mutual Insurance. "I do not believe that AI thrives in heavily authoritarian, top-down environments," said Caldas, speaking last week at the MIT Sloan CIO Symposium. "I think the way people pick it up is through play." Along with encouraging experimentation, the risk profile of AI necessitates guardrails as businesses tackle change management. "It's not anarchy, but it's also not authoritarian," Caldas said. "You have to hit that sweet spot, and that's where adoption really starts." Other businesses are preparing their employees through targeted training programs. More than half of leaders said they plan to upskill their workforce ahead of AI implementation plans, according to a January survey from Revature. More than 4 in 5 decision-makers flagged access to talent as a top concern. Potential productivity wins can help existing staff embrace upskilling efforts, said Dimitris Bountolos, chief information and innovation officer at infrastructure company Ferrovial. "What we have seen is an excitement of staff to be self-sufficient in activities that were really bureaucratic," Bountolos said. The deployment of generative AI tools caused a rush of interest in prompt engineering roles. Interest has since fizzled, as businesses began to understand that learning to prompt generative AI systems is a core skill that should be developed more broadly. AI savviness should be embraced by the entire organization, according to Reshmi Ramachandran, head of partnerships and go to market strategy at consulting firm Cprime. "When we consult with companies we often tell them: never do prompt engineering in isolation. It's not an isolated job, it is actually a cross-functional skill," Ramachandran said. "You get some of your best prompts from marketing leaders, from HR, because that's where the context is." In addition to changes in job functions, departmental structures are also evolving. The wave of AI adoption is helping to accelerate a shift away from the established pyramid-shaped organizational structures in software development, according to Aamer Baig, senior partner, Chicago, at McKinsey & Company. "In the last decade or so, we've proven that is not the most effective and economical way of delivering software," said Baig. A diamond-shaped model with a team of somewhere between eight to 12 was identified as the most effective. But with the influx of agentic AI, that organizational structure is also changing. "Now, we have a new model, which is enabled and powered by AI, that has a product person, product builders and many, many agents to support, which can deliver as much output as a diamond-shaped team does," Baig said. In addition to serving as CIO, tech executives will need to take on additional roles including "chief influencing officer, chief change management officer" as organizations adjust to shifts in their core talent and operational structures. "The ability to move that sort of organization and that complexity forward will differentiate the winners and the losers in large companies," Baig said.
Yahoo
30-04-2025
- Business
- Yahoo
MIT Sloan CIO Symposium Selects Finalists for 2025 Innovation Showcase
Winners include early-stage companies in artificial intelligence, cybersecurity and data CAMBRIDGE, Mass., April 30, 2025 /PRNewswire/ -- The 22nd annual MIT Sloan CIO Symposium, today announced the 10 finalists for its 2025 Innovation Showcase. The selected outstanding early-stage companies have developed cutting-edge solutions that combine both value and innovation to the Enterprise IT space. The finalists will receive key exposure to many of the world's most creative and influential IT executives at the in-person Symposium from May 19-20, 2025. "We are excited to introduce the finalists for the 2025 Innovation Showcase, an annual highlight of the MIT Sloan CIO Symposium," said Anton Teodorescu, Chair of the Innovation Showcase. "It's an honor to continue to support emerging enterprises as they connect with industry leaders, fostering collaborations that consistently drive meaningful innovation and mutual success." The 10 Innovation Showcase Finalists for 2025 are: Aperio–Boston, Massachusetts Aperio addresses the top barrier to industrial AI by delivering scalable, trusted Data Quality that enables analytics, compliance, and efficiency. Arundo Analytics–Houston, TexasDelivering AI solutions and virtual assistant technology to drive excellence in asset heavy industries. Simplifying operations, accelerating decisions. Bluumly–San Clemente, CaliforniaBluumly is an AI-powered marketing platform that transforms how micro-businesses create, optimize and execute digital marketing across all channels. DataTrails–Santa Clara, CaliforniaDataTrails – Provenance Signed, Sealed, Delivered. It's no wonder responsible businesses rely on us. DBOS–Boston, MassachusettsDBOS is a durable computing system that simplifies software development and protects the business from the effects of software crashes and errors FenixPyre–New Albany, OhioFenixPyre delivers seamless, zero-trust file-centric security, transparently encrypting data at rest, in transit, and in use. iCustomer–Cambridge, MassachusettsiCustomer enables semantic enrichment, multi-agent AI orchestration with privacy guardrails—activating enterprise customer data for smarter, Marketing decisions & growth. Narratize–Covington, KentuckyNarratize is the AI-powered product intelligence platform that transforms scattered knowledge into market-ready innovations, accelerating development by 46%. Silverthread–Cambridge, MassachusettsSilverthread helps software teams modernize systems by improving code quality and architecture for better maintainability, agility, and decision-making. Skyline Nav–Cambridge, MassachusettsSkyline Nav AI delivers precise, GPS-independent navigation for land and air using computer vision and satellite data—no connectivity required. After careful consideration, the Innovation Showcase judges selected these 10 impressive companies because they: Have an enterprise IT solution product available in the market Are a start-up with less than $10 million in annual revenues Are selling enterprise IT solutions to CIOs or corporate IT departments Show innovation and/or strategic value and potential impact on the top and/or bottom lines The Innovation Showcase will take place at The Royal Sonesta in Cambridge, Massachusetts on May 20, 2025. The full agenda for the MIT Sloan CIO Symposium is available at and tickets are available for purchase at About the MIT Sloan CIO SymposiumThe MIT Sloan CIO Symposium is the premier global conference for CIOs and digital business executives to become more effective leaders. CIOs and senior IT executives explore enterprise technology innovations, business practices and receive actionable information that enables them to meet the challenges of today and the future. The Symposium offers a unique learning environment by bringing together the academic thought leadership of MIT with the in-the-trenches experience of leading global CIOs and industry experts. The MIT Sloan CIO Symposium is organized and developed by the MIT Sloan Boston Alumni Association. For more information and to register for this year's Symposium, visit Editor's Note:Journalists interested in press credentials or speaking with any of the Showcase Innovation finalists should contact Kim Schaefer, Warner Communications, at kim@ View original content to download multimedia: SOURCE MIT Sloan CIO Symposium Sign in to access your portfolio
