Policy Backgrounder: AI and Cybersecurity Rank Among Top 2024 Issues for CEOs
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C-Suite Outlook

AI and Cybersecurity Rank Among Top 2024 Issues for CEOs

18 January 2024 / Article

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Trusted Insights for What’s Ahead®

Business leaders continue to focus on cybersecurity, labor shortages, and digital transformation as key priorities for 2024, underscoring the need for secure adoption of technology, clarity around guardrails for the use of artificial intelligence (AI), and upskilling of workers to fill roles for which there is great demand.

  • In The Conference Board’s C-Suite Outlook for 2024, both global and US CEOs ranked the potential for increased cyberattacks as the #2 geopolitical risk; businesses are also focused on addressing labor shortages through technology adoption and investing in workers’ capabilities.
  • AI-enabled cyberattacks are expected to increase the sophistication and number of attacks, raising the urgency for organizations to bolster cyberdefenses by leveraging AI technology to identify and resolve vulnerabilities.
  • While 90% of organizations are not prepared for a cyberattack, just 9% of CEOs cite cybersecurity as a critical investment choice for long-term growth.
  • While nearly all CEOs expect AI adoption to enhance their firm’s productivity, nearly half report that their organizations are not doing a good job identifying the business case for how AI should be used, while 94% believe that AI adoption will require new skills and training for their workers.

Authors

John Gardner

John Gardner

Head of Public Policy & Research, CED

Read BioJohn Gardner

Mitchell Barnes

Mitchell Barnes

Economist, Labor Markets

Read BioMitchell Barnes

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