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    Protiviti Named a 2024 Fortune Best Workplace in the Bay Area
    Consulting firm one of 25 Best Large Companies recognized for corporate culture and employee experienceMENLO PARK, Calif. – June 13, 2024 – Global consulting firm Protiviti has been named to the Fortune Best Workplaces in the Bay Area 2024™ list. This marks the sixth time the company has made the highly competitive list, which recognizes organizations based in the San Francisco Bay Area that have…
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    Protiviti Launches Generative AI Tools to Empower Clients and Enhance Internal Operations
    New tools leverage Protiviti’s AI expertise, enables the firm to advise clients on this rapidly emerging technology and improves efficiencyMENLO PARK, Calif. – June 12, 2024 – Protiviti recently introduced ProtivitiGPT, a custom-built firmwide internal Generative AI based application to enhance the development of cutting-edge business solutions. The application has been made operationally…
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    Innovation elevates security concerns
    Not surprisingly, while many organizations are pursuing an innovation agenda, security risks are on the minds of many technology executives, especially when it comes to implementing new technologies.
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    Technical debt remains a major burden
    As organizations strive to increase their focus, and time and resources, on innovation, technical debt becomes a significant concern and burden that can lead to decreased productivity as well as increased costs and risk. On average, nearly 70% of organizations view technical debt as having a high level of impact on their ability to innovate.
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    A call to action for technology leaders
    Following are steps companies should undertake or continue over the near term to ensure they can increase their agility and sustain their innovation and transformation journey successfully over the long term:
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    Strategies to organize for innovation and address roadblocks vary
    Technology initiatives need someone to champion the project. That champion can be an executive sponsor or accountable executive whose goal is to garner buy-in and move projects forward. In nearly half of organizations, that person is the chief innovation/strategy officer, while in close to one in three organizations these responsibilities fall to the chief technology officer (or equivalent).
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    Innovation is a clear goal for most - strategies and approaches are still works in progress
    Innovation is critical in an ever-changing business environment. Organizations that fail to prioritize innovation are more likely to fail – in fact, in a separate global survey of board members and C-suite executives, the rapid speed of disruptive innovation is ranked among the top risk issues for organizations over the next decade.
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    Global Technology Executive Survey - Key Findings
    On average, an organization invests more than 30% of its IT budget and more than 20% of its overall resources to manage and address technical debt.
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    The Innovation vs. Technical Debt Tug of War
    Technology leaders are exploring new ways to drive innovation and maximise the value of IT in a changing world driven by disruption and a need for acceleration Executive Summary Innovation is the name of the game in today’s global market. Recognising this new reality, CIOs, CTOs, CISOs and other technology executives and leaders are exploring new ways to fuel innovation throughout their…
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