Generative AI is more than just a trend; it’s a catalyst for change in digital transformation, Isaac Sacolick, President of StarCIO, writes in a current article. The text published by the server cio.com informs about the increasing interest of companies and employees in generative AI, and mentions that it will soon become a priority tool for digital transformation.

A survey by EY shows that 94% of executives plan to increase investment in IT, and 80% of them expect to increase investment in artificial intelligence. These figures indicate a huge shift towards the adoption of AI technologies, and underline its growing importance in the corporate world.

How should we deal with such findings?

Set real priorities: The ability to differentiate between digital transformation and technology upgrades will be key. Transformation means redefining business models.

Identify weak points: Managers and executives must find gaps between expectations and reality. This will reveal possible delays, as well as problems in implementation and their solutions.

Motivate your people: The key to leading transformational projects will be to develop the leadership skills of people in teams, and to encourage their innovative thinking.

As the cited article states, in 2024 it will be crucial to find the right balance among the various digital transformation platforms. The use of generative AI and other technologies will determine the success of businesses. However, just like today, they cannot survive without strategic planning.

Source: https://www.cio.com/article/1257421/3-key-digital-transformation- priorities-for-2024.html