Business leaders are prioritising cybersecurity over AI despite the buzz around the latter.
- A significant 83% of executives deem cybersecurity as ‘very important’ or ‘extremely important’.
- Cloud computing and the Internet of Things (IoT) also outpace AI in business considerations.
- The perceived necessity of cybersecurity acts as an ‘insurance policy’ for organisations.
- Current business technology strategies focus on immediate security concerns over speculative AI advancements.
Business leaders are increasingly recognising that amid the growing prominence of artificial intelligence, other technological domains warrant more immediate attention. While AI continues to generate headlines, particularly with ventures like BlackRock and Microsoft’s planned $30 billion investment fund, its current impact on business strategy appears limited. This sentiment is reflected in a comprehensive survey which reveals that cybersecurity, cloud computing, and the Internet of Things (IoT) are taking precedence in business agendas.
A remarkable 83% of executives surveyed cited cybersecurity as either ‘very important’ or ‘extremely important’. It is increasingly viewed not just as a technological choice but as a requisite ‘insurance policy’. This focus is driven by the growing frequency of cyberattacks and sophisticated data breaches, reinforcing the need for robust protective measures. In this context, even advanced AI functionalities are perceived as secondary unless they directly enhance cybersecurity capabilities.
In addition to cybersecurity, cloud computing and IoT are also high on the priority list for business leaders. These technologies are seen as foundational for operational efficiency and innovation. They support scalable infrastructures and enable companies to gather and utilise data effectively, which is seen as crucial for maintaining competitive advantage in various sectors.
While AI holds potential for transformative changes and offers substantial long-term benefits, business leaders appear pragmatic, focusing investments on technologies that address current, tangible challenges. The enthusiasm around AI, though noteworthy, must be balanced with the necessity to fortify existing systems and ensure resilience against present-day threats.
In conclusion, as organisations navigate the complex landscape of technological development, immediate concerns such as security and operational efficiency remain at the forefront, overshadowing speculative investments in AI.
Immediate security concerns overshadow speculative AI investments in current business strategies.
