Esty Scheiner, the CEO of an AI startup, faced a frustrating situation. Her team developed a better way to deliver deepfake audio detection and met with various IT groups at key enterprises. Most agreed that this is an issue that needs to be addressed and could benefit from Scheiner’s software. However, her company couldn’t get the backing to take action since the deepfake problem is still months, maybe a year away.
This is a common IT problem across different industries. IT decision-makers often see potential issues coming but are not allowed to address them until it’s too late. Wall Street’s focus on quarterly earnings makes it difficult for enterprises to invest in long-term or even mid-term solutions.
According to Scheiner, the US has a short-term IT vision compared to other regions. Some European countries are more proactive, while America is less prepared. The exceptions, like Apple’s investment in a new security approach for its messaging platform, prove the rule.
Proactive IT can be challenging due to underfunded budgets and the need for proper context from CFOs. When a CIO can’t afford to deliver items scheduled to go live in three days, they won’t prioritize future investments. This lack of investment in IT could lead to SEC filings and shareholder litigation when known risks are not addressed.
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2024-03-13 23:00:03
Post from www.computerworld.com