2024 State of the CIO Study by Foundry highlights CIO role's evolution, with focus shifting towards strategic tasks, security management, IT operations improvement and business process redesign. Increasing collaboration with LOB on AI applications is observed. Anticipated tech budget growth is expected to shift ownership of out-of-IT budgets to IT. The increase in security threats redirects focus from innovative tasks, forcing tech budgets to rise. CIOs anticipate more involvement in AI due to automation and efficiency gains. The research provides industry, size, region-specific insights, based on responses from 875 IT heads and 251 LOB respondents globally.
