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Share Name | Share Symbol | Market | Type |
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SolarWinds Corporation | NYSE:SWI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.27 | -1.92% | 13.79 | 13.915 | 13.67 | 13.90 | 391,720 | 01:00:00 |
SolarWinds 2024 IT Trends Report asks whether IT pros see AI as a friend or foe
SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today released the findings from its 2024 IT Trends Report, AI: Friend or Foe? The report, based on a survey of nearly 700 IT professionals about their views on artificial intelligence (AI), found that despite a near-unanimous desire to adopt AI technology, very few respondents have confidence in their organization’s readiness to integrate AI, pointing to limitations in data and infrastructure and security concerns.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240612672256/en/
The SolarWinds 2024 IT Trends Report Infographic - AI: Friend or Foe? (Graphic: Business Wire)
The report found that while IT pros have a growing interest in embracing AI technology, with nine out of ten already using or planning to use AI, concerns remain about data quality, database infrastructure readiness, and—above all else—security and privacy.
“While talk of AI has dominated the industry, IT leaders and teams recognize the outsize risks of the still-developing technology, heightened by the rush to build AI quickly rather than smartly,” said Krishna Sai, SVP, Technology and Engineering at SolarWinds. “With the proper internal systems in place and by prioritizing security, fairness, and transparency while building AI, these technologies can serve as a valuable advisor and coworker to overworked teams, but this survey shows that IT pros need to be consulted as their companies invest in AI.”
Overall, the industry’s sentiment reflects cautious optimism about AI despite the obstacles. Almost half of IT professionals (46%) want their company to move faster in implementing AI despite costs, challenges, and concerns, but only 43% are confident that their company’s databases can meet the increased needs of AI. Moreover, even fewer (38%) trust the quality of data or training used in developing AI technologies.
The report unveiled significant insights into IT professionals' perspectives on AI, including:
To ensure successful and secure AI adoption, IT pros recognize that organizations must develop thorough policies on ethics, data privacy, and compliance, pointing to ethical considerations and concerns about job displacement as other significant barriers to AI adoption. The SolarWinds report found that more than a third of organizations (35.6%) still don’t have these policies in place to guide proper AI implementation.
In keeping with SolarWinds’ history of working alongside the IT community and to address these concerns about the development of AI, the company recently unveiled its AI by Design framework, a new industry model for the ethical and secure development of advanced AI technologies. AI by Design is built on four guiding principles: prioritizing privacy and security, focusing on accountability and fairness to eliminate biases, emphasizing transparency and trust, and ensuring simplicity and accessibility for seamless integration into workflows.
Built on the success of its Secure by Design initiative, the company believes that the new AI by Design framework will set a model for how the broader industry should approach AI. The company also recently announced its new SolarWinds AI generative AI engine, which was purpose-built using the AI by Design framework.
The company’s recent AI investments build on its longstanding commitment to helping modern IT teams embrace advanced technologies and navigate the emerging challenges of modern hybrid on-prem and multi-cloud digital environments. The company’s suite of observability, database, and service management solutions are designed to optimize today’s hybrid IT environments and simplify the lives of IT pros.
To read the full 2024 IT Trends Report, visit: https://it-trends.solarwinds.com/
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About SolarWinds
SolarWinds (NYSE:SWI) is a leading provider of simple, powerful, secure observability and IT management software built to enable customers to accelerate their digital transformation. Our solutions provide organizations worldwide—regardless of type, size, or complexity—with a comprehensive and unified view of today’s modern, distributed, and hybrid network environments. We continuously engage with IT service and operations professionals, DevOps and SecOps professionals, and database administrators (DBAs) to understand the challenges they face in maintaining high-performing and highly available hybrid IT infrastructures, applications, and environments. The insights we gain from them, in places like our THWACK community, allow us to address customers’ needs now and in the future. Our focus on the user and our commitment to excellence in end-to-end hybrid IT management have established SolarWinds as a worldwide leader in solutions for observability, IT service management, application performance, and database management. Learn more today at www.solarwinds.com.
The SolarWinds, SolarWinds & Design, Orion, and THWACK trademarks are the exclusive property of SolarWinds Worldwide, LLC or its affiliates, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other SolarWinds trademarks, service marks, and logos may be common law marks or are registered or pending registration. All other trademarks mentioned herein are used for identification purposes only and are trademarks of (and may be registered trademarks of) their respective companies.
© 2024 SolarWinds Worldwide, LLC. All rights reserved.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240612672256/en/
Media Contacts John Eddy Goldin Solutions Phone: +1-646-660-8648 solarwinds@goldinsolutions.com
Dillon Townsel SolarWinds Phone: +1-512-571-3455 pr@solarwinds.com
Investor Contacts Tim Karaca SolarWinds Phone: +1-512-498-6739 ir@solarwinds.com
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