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Data Analysis

CTO Survey: Targeting AI, CTOs pursue different approaches

Companies are leaning into the technology despite shrinking budgets

How companies are using AI today vs. in 2 years

  • Today
  • In two years
    Predictive analytics
      Natural language processing
        Generative AI
          Conversational interfaces
            Deep learning
              Robotics
                Computer vision and image recognition

                CTOs said generative AI has improved their companies by

                63%
                Making us more productive
                29%
                Improving our customer service
                18%
                Making non-techies more involved in product development
                12%
                Improving our morale
                10%
                Compressing our product cycles
                28%
                NA/No improvement

                Technology budget changes from 2022 to 2023

                14
                Grew by 25% or more
                16
                Grew by up to 25%
                32
                Stayed flat
                15
                Shrank by up to 25%
                23
                Shrank by 25% or more

                The engineering skills most in demand today, compared with in two years

                • Today
                • In two years
                  AI/ML
                    Data
                      Frontend
                        Backend
                          Full stack
                            QA
                              DevOps
                                Security
                                  Mobile

                                  Concerns of CTOs today compared with the challenges they said will be hardest to handle in the next five years

                                  • Today
                                  • In five years
                                    Accuracy
                                      Data privacy
                                        Cost
                                          Intellectual property loss
                                            Infringing on someone’s copyrights
                                              Regulatory issues
                                                Access to talent
                                                  Internal pressure to show results
                                                    Increased vulnerability to cyberattacks
                                                    Next
                                                    Interactive Data

                                                    CTOs are exploring pathways to AI success

                                                    Explore the full results of our Q3 2023 CTO survey. Compare and benchmark your company.

                                                    Feature

                                                    SambaNova: Dancing with AI

                                                    How SambaNova is making the most of an opportunity that’s materializing fast and at unprecedented scale

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