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.

State of the CIO Study 2024 • Foundry Foundry

Immersive tech experts see potential in the Apple Vision Pro mixed-reality headset for use in healthcare, particularly in surgical training. Its eye-tracking and gesture-based controls show promise, with perceived limitations in operating suites possibly surmountable with modifications. The device could be useful in patient education, facilitating communication between healthcare providers and patients, and optimising hospital tasks. Furthermore, the ability of the Vision Pro to function without a connected computer could lower costs. However, its hefty price could discourage those already using cheaper VR headsets. The Vision Pro's rapid adoption will likely be in areas where imaging and haptics truly matter.

Immersive Tech Experts Foresee Bright Future For Apple Vision Pro In Health Care MedTech

Tax season sees rise in W-2 fraud scams, exploiting finance departments' heightened stress and with attacks increasing by over 130%. Scammers pose as executives, requesting W-2s from finance and HR departments using spoofed emails and social engineering. If successful, the hacker sells stolen W-2s or uses for identity theft. Spear-phishing, one form of these attacks, resulted in $2.7 billion losses last year. To protect against these attacks, organizations should refrain from publishing private info online, check for email spoofing, use alternative means to confirm requests' authenticity, adopt email authentication protocols, implement multi-factor authentication, and fortify email security with advanced tools like NLP.

Brace for W-2 fraud powered by AI this tax season SC Magazine

AI investment gives businesses unique value generation opportunities. Papa John's uses AI in fraud detection and delivery prediction; they're testing AI-enabled robotics and voice automation in customer service. Canva has integrated AI in creating text-to-image and image generating tools and perceives AI as a creative partner. Cushman & Wakefield employs AI in commercial real estate transactions and created an AI task force to ensure its responsible deployment. Morningstar uses AI to automate tasks and collect data; they launched an AI chatbot that summarizes investment insights. ServiceNow adopted an "AI-first" approach, deployed a dozen generative-AI use cases, and encourages AI investment. Snowflake is testing Document AI to help customers with their contracts, considering it a productivity tool. Businesses prioritize AI applications with clear value and defined ROI.

How CTOs can make the case that AI investments create value | Fortune Fortune