About 93% of CIOs plan to increase their budget to make investments in AI tools in 2024: Canva

According to an official release, Canva, an all-in-one visual communication platform, released new insights from more than 1,360 CIOs on their priorities, opportunities, and the challenges of managing their IT amid the AI boom. The survey is expected to explain how CIOs are managing application sprawl and making decisions about workplace tools in the AI era.

About 93% of CIOs plan to increase their budget to make investments in AI apps, with over 51% planning budget rises of more than 50%. IT leaders recognised the benefits of adopting AI, such as saving time on creative or strategic tasks (53%), helping consolidate apps (53%), and offering greater insights to guide business decisions (49%).