A new report published by consulting firm Searce claims that organisations across the UK and US are making significant investments in artificial intelligence this year with nearly one in 10 decision-makers in both the UK (8 percent) and US (7 percent) planning to spend over $25 million. The 2024 State of AI report [registration] is based on a poll of 300 C-Suite and senior technology executives – including Chief AI Officers, Chief Data & Analytics Officers, Chief Transformation Officers, and Chief Digital Officers – at organisations with at least $500 million in revenue. The research examines some of the biggest trends, successes, and challenges facing businesses in their artificial intelligence decision-making, strategy, and execution. More →

The vast majority (92 percent) of ICT roles are expected to undergo big changes as a result of advancements in artificial intelligence and the technology continues to transform the information and communications (ICT) sector according to a new report from tech giants, Cisco, Microsoft and Google. The AI-enabled ICT Workforce Consortium, led by Cisco has published the “Transformational Opportunity of AI on ICT Jobs” report, offering guidance on the areas for of concern for workers to reskill in response to the evolving job landscape. This transformation will impact professionals in 47 ICT roles, including cybersecurity, data science and software development, according to the report. More →

A new report from Cognizant and Oxford Economics New Work, New World: Quantifying Global Gen AI Momentum suggests that firms are planning major investments into generative AI technologies to drive increases in productivity, but are still being cautious about their impact. Additionally, 76 percent of businesses say they are looking to leverage the technology to create new revenue streams, while 58 percent are incorporating revenue increases into their business cases. More →

A number of fundamental issues, including a shortage of high-quality data with which to ‘train’ the technology is threatening the AI ‘boom’, according to a new white paper from the Open Data Institute. The paper Building a better future with data and AI is based on research carried out by the Institute in the first half of 2024. It claims to identify significant weaknesses in the UK’s technological infrastructure that threaten the predicted potential gains – for people, society, and the economy – from the surge of interest in artificial intelligence and its applications. It also outlines the ODI’s recommendations for creating diverse, fair data-centric AI. More →

According to a new study published by Netskope, regulated data (data that organisations have a legal duty to protect) makes up more than a third of the sensitive data being shared with generative AI (genAI) applications—presenting a potential risk to businesses of costly data breaches. The new Netskope Threat Labs research claims to reveal that three-quarters of businesses surveyed now completely block at least one genAI app, which reflects the desire by enterprise technology leaders to limit the risk of sensitive data exfiltration. More →