CIO Survey: GenAI presents CIOs with the chance to lead AI initiatives or risk falling behind. Many CIOs have not fully embraced GenAI, yet most allocate at least 10% of their budget to it. Key findings indicate a shift toward seeing technology as a strategic partner for growth and innovation. CIO involvement in digital strategies significantly boosts success rates. However, only 32% meet M&A deal objectives, highlighting the need for greater post-transaction engagement. Despite mixed feelings about GenAI's value, budgets are expected to increase, with a focus on IT automation and partnerships over in-house development. Overall, CIOs recognize the growth potential but face challenges in execution and organizational readiness.
