New research indicates that the use of artificial intelligence (AI) is expanding beyond established guidelines, with significant implications for IT leadership and security. A study from UpGuard reveals that over 80% of employees in sectors like finance and healthcare are utilizing unauthorized AI tools, often referred to as shadow AI. This trend raises security concerns, as nearly half of these employees report regular use of these unapproved tools, with one in four trusting AI more than their colleagues. The findings suggest that while AI is becoming integral to business operations, the lack of clear ownership and governance poses risks for organizations.
The evolving role of IT leaders is highlighted by a report from Atera, which shows that 63% of IT leaders are experiencing changes in their responsibilities due to AI advancements. Notably, 49% of respondents emphasize the importance of guiding business value leadership, while 47% recognize the need for orchestrating human-AI collaboration. Despite these shifts, only 12% of IT leaders report that AI ownership is clearly defined within their organizations, indicating a gap in governance that could exacerbate the risks associated with shadow AI.
In addition to these developments, the episode discusses the financial landscape for managed service providers (MSPs) as outlined in a report from TopDown Ventures. The report forecasts that managed AI platforms will evolve into a $1.3 trillion market by 2030, driven by the demand for efficiency and governance. Furthermore, 418 publicly traded companies have identified AI as a significant reputational risk, with concerns about misinformation and security exposure. Despite these risks, companies are increasing their AI investments, with average spending reportedly doubling in 2024.
For MSPs and IT service leaders, the implications are clear. The rapid adoption of AI necessitates a structured approach to governance and security to mitigate risks associated with shadow AI. As organizations navigate the complexities of AI integration, there is an opportunity for IT service providers to offer solutions that standardize AI usage and ensure compliance. The evolving landscape underscores the need for proactive strategies to harness AI's potential while maintaining control and oversight.
Three things to know today
This is the Business of Tech.
Supported by: https://scalepad.com/dave/
https://try.auvik.com/dave-switch
Support the vendors who support the show:
👉 https://businessof.tech/sponsors/
Get exclusive access to investigative reports, vendor analysis, leadership briefings, and more.
👉 https://businessof.tech/plus
Want the show on your favorite podcast app or prefer the written versions of each story?
📲 https://www.businessof.tech/subscribe
Looking for the links from today’s stories?
Every episode script — with full source links — is posted at:
Pitch your story or appear on Business of Tech: Daily 10-Minute IT Services Insights:
💬 https://www.podmatch.com/hostdetailpreview/businessoftech
LinkedIn: https://www.linkedin.com/company/28908079
YouTube: https://youtube.com/mspradio
Blues
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Ruthie's Table 4
For more than 30 years The River Cafe in London, has been the home-from-home of artists, architects, designers, actors, collectors, writers, activists, and politicians. Michael Caine, Glenn Close, JJ Abrams, Steve McQueen, Victoria and David Beckham, and Lily Allen, are just some of the people who love to call The River Cafe home. On River Cafe Table 4, Rogers sits down with her customers—who have become friends—to talk about food memories. Table 4 explores how food impacts every aspect of our lives. “Foods is politics, food is cultural, food is how you express love, food is about your heritage, it defines who you and who you want to be,” says Rogers. Each week, Rogers invites her guest to reminisce about family suppers and first dates, what they cook, how they eat when performing, the restaurants they choose, and what food they seek when they need comfort. And to punctuate each episode of Table 4, guests such as Ralph Fiennes, Emily Blunt, and Alfonso Cuarón, read their favourite recipe from one of the best-selling River Cafe cookbooks. Table 4 itself, is situated near The River Cafe’s open kitchen, close to the bright pink wood-fired oven and next to the glossy yellow pass, where Ruthie oversees the restaurant. You are invited to take a seat at this intimate table and join the conversation. For more information, recipes, and ingredients, go to https://shoptherivercafe.co.uk/ Web: https://rivercafe.co.uk/ Instagram: www.instagram.com/therivercafelondon/ Facebook: https://en-gb.facebook.com/therivercafelondon/ For more podcasts from iHeartRadio, visit the iheartradio app, apple podcasts, or wherever you listen to your favorite shows. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.