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50% of CIOs & CTOs Believe Generative AI Will Increase Strategic Importance of IT Leaders

Report Examines How IT Leaders are Adopting Generative AI and its Impact on Their Organizations

As generative AI continues to emerge as a game-changer in the business world, a new report from IT development firm, JetRockets, reveals deep insights into the adoption, challenges, and transformative impact of generative AI on the future of IT.

The new report, comprised of a study administered to 400 CIOs & CTOs, reveals 90% have already integrated generative AI into their processes, and an overwhelming 99% are planning to ramp up investment in the technology in the next 3-6 months.

But as stakeholders continue to debate the ramifications of generative AI on worker displacement and the jobs market, the report critically digs into another key theme: how do CIOs and CTOs feel about its impact? As it turns out, they think these concerns are largely unfounded.

In fact, 88% of CIOs & CTOs believe that generative AI cannot fully replace human employees such as software developers. Additionally, 50% believe that generative AI will actually increase their strategic importance in the future.

“It was incredibly important that we hear the views of IT leaders as media headlines continue to hype up the notion that generative AI will steal their jobs,” says JetRockets Co-founder and CEO, Natalie Kaminski. “As is usually the case when a new and transformative technology enters the market, we get carried away with skepticism and even fear about how it will change the status quo. And even though we must proceed with caution given generative AI’s ethical concerns, it’s already showing its promise to strengthen the capabilities of our best tech talent and improve the quality of software released to market.”

Additional findings from the report include:

  • Navigating Ethical Frontiers: 50% of IT leaders say generative AI should be regulated, with nearly a third calling for its development to be paused. Ensuring fairness, protecting privacy, and promoting transparency top the list of ethical considerations.
  • IT Leaders Harness Generative AI’s Potential, Fueling Unprecedented Growth: From cybersecurity and threat detection (81%) to predictive maintenance and equipment monitoring (69%), generative AI is transforming an increasing number of business processes. Organizations are also utilizing generative AI for software development/product development (68%), natural language processing and chatbots (59%), and data analysis and visualization (55%).
  • Enhancing Software Development: Every single respondent believes generative AI will ignite positive change in software development. In fact, 46% of IT leaders believe integrating generative AI into the software development process will significantly shorten timelines and improve the quality of the final product.
  • Challenges of Scaling: Overcoming the Expertise Gap: 88% of IT leaders identify a lack of expertise in generative AI as the greatest challenge in scaling their investments. As a result, 92% of IT leaders say they are upskilling existing staff to bridge the expertise gap, rather than replacing them.