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The end of business as usual


August 21, 2024

Elevating tech leadership to achieve AI advantage

In today's fast-paced digital landscape, technology is no longer just a supporting function—it’s the driving force behind business success.

With the rapid rise of generative AI, organizations are counting on tech leaders to deliver competitive advantage like never before. 

A new report from the IBM Institute for Business Value, titled "6 blind spots tech leaders must reveal," explains that tech leaders are facing unprecedented pressure to deliver increasingly complex core IT services while building capabilities that enable their organization to achieve AI advantage.

The 6 blind spots

1

We treat tech as an enabler, but tech must be the core of everything we do.

2

We say we are working together, but our collaboration is only skin-deep.

3

We hope it will be a magic wand, but generative AI could break our organization.

4

We want it to be trustworthy, but our AI may be irresponsible.

5

We talk about data as currency, but our data could be a liability.

6

We think our team is strong, but we’re still fighting yesterday’s talent battle.

 

To reveal and obliterate these blind spots, tech execs must be part mastermind, part maestro—architecting technology strategy, building multidisciplinary teams, and finding new approaches to collaboration with other C-suite leaders to drive enterprise-wide outcomes. 

This requires a deep understanding of the organization's goals, as well as the ability to communicate and integrate the value of technology in achieving those goals.
 


A roadmap for success in the AI era

Our report provides a comprehensive guide for tech execs to insert their essential expertise into enterprise decisions, overcome blind spots, and better position their organizations for success.

For instance, tech leaders can deepen collaboration by building relationships with finance leaders, recognizing that a strong partnership between technology and finance is critical to driving business outcomes. Initiate discussions with finance team members about which technology investments create the greatest competitive advantage. Model financial stewardship through transparency and accountability, regularly assessing and evaluating tech investments against business objectives.

Tech executives can also avoid the risk of AI “breaking” your organization by assessing the current state of your infrastructure with an eye toward AI everywhere. Develop an AI transformation roadmap based on what’s needed to solve critical business problems, and optimize your cloud infrastructure for AI workloads that process and analyze large data sets.

Finally, tech leaders can stop fighting yesterday’s talent battles by adopting a day-one mindset when it comes to their approach to talent in today's fast-paced AI landscape. Transform reskilling and upskilling into advancement opportunities. Establish AI academies or centers of excellence where employees can develop their proficiency. Keep high-value skills in house and leverage partners for easier-to-source tasks.

The AI revolution starts with you

Read the full report to learn more specific actions your business can take to overcome these blind spots, elevate your technology strategy, and achieve AI advantage.

Also, subscribe now to receive complimentary reports from the IBM Institute for Business Value that will help you drive business growth, innovation, and success.


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