Executives clearly recognize the danger. Almost three-quarters (74%) of 168 executives recently surveyed by Harvard Business Review Analytic Services regard cyber risk as one of the top-three risks their company faces today, and 67% predict it will be a top three risk two years for now. Only half of respondents, however, say they are successful or very successful at generating insights and enabling informed decisions on cyber risk and at anticipating, preparing for, and responding to future cyber incidents.

This report posits the following, “When effectively harnessed, AI and ML can form the core of a dynamic predictive IT system, saving money, streamlining operations, and raising productivity as organizations become more adept at avoiding operational, and security issues that could affect their bottom line.”

From the report, “Internet of Things (IoT) technology holds incredible promise for transforming the enterprise, but one of the biggest hurdles for companies implementing IoT will be extracting insight from the incredible volumes of fast-moving data these systems produce and integrating that resulting intelligence into business processes in real time.”