Third (Party) String Considerations for AI Technology Investments
As organizations continue to integrate artificial intelligence into their operations, it’s crucial to scrutinize third-party AI tools before implementation. Questions of data handling, storage duration, and privacy are paramount. As Whitney Merrill, head of global privacy and data protection at Asana, advises, it’s essential to know whether an AI vendor trains on your data and if they anonymize it beforehand. Richard Bownes, chief data scientist at Valtech Europe, recommends probing the unique technological and data offerings of these AI tools, while Dennis Perpetua of Kyndryl advises considering the tool’s potential to enhance enterprise-wide experiences. These considerations pave the way for a strategic and responsible approach to AI technology investments.
The Harris Poll Reveals Keys to AI Success in Organizations
According to the ‘AI in Action 2024’ report by IBM and The Harris Poll, AI leaders are distinguishing themselves by leveraging human factors as much as technology. The global survey of 2,000 organizations uncovers that successful AI integration involves a strategic roadmap aligned with opportunity, need, and existing capabilities. Additionally, clear communication and a strong data foundation are crucial in supporting AI’s flexibility and customization. With two-thirds of surveyed leaders reporting over 25% revenue growth due to AI, the findings underscore the importance of visionary leadership in harnessing AI’s full potential.
Professional Liability Insurance for CISOs Emerges Amid Rising Responsibilities
In an era marked by increasing cybersecurity threats and responsibilities, a new professional liability insurance for Chief Information Security Officers (CISOs) has been launched by Crum & Forster (C&F). This tailored policy addresses coverage gaps often found in traditional directors and officers (D&O) liability insurance, offering protections like no-deductible defense costs and coverage against claims from criminal proceedings. The move mirrors growing recognition of the pivotal role that CISOs play in organizational security and acknowledges the unique risks they face in their line of duty, especially following high-profile incidents involving CISOs in recent years.
Negotiation Skills for CISOs in the Era of Rising Software Prices
Chief Information Security Officers (CISOs) need to turn their focus towards honing negotiation skills as software vendor prices surge. With a Forrester report revealing a 79% increase in software costs for US organizations, effective negotiation becomes a critical tool in a CISO’s arsenal. Alex Sharpe of Sharpe Consulting emphasizes the need for CISOs to look beyond technical aspects and grasp the leverage they hold during initial deals. By adopting strategic negotiation techniques, particularly as year-end sales pressure mounts, CISOs can secure better terms and contribute significantly to cost management within their organizations.
Stat, Quote, Read: Today’s IT Snapshot
The landscape of IT has seen a significant drop in job listings for middle management, as reported by Business Insider, reflecting a trend towards corporate flattening. Meanwhile, IT leaders like Dan Stanzione of the Texas Advanced Computing Center are looking for cost-effective alternatives to pricey components like Nvidia GPUs, opting instead for Blackwell supercomputers and SambaNova chips. In another corner of the tech sphere, the notorious Enron brand makes a surprising reemergence associated with a cryptocurrency venture, as noted by Ars Technica. These snippets provide a glimpse into the dynamic world of IT and its continuously evolving challenges and innovations.
