Oct. 28 - Can the US lead in AI policy? | The steep cost of IT outages

Even small IT failures can cost millions, tech leaders say; Microsoft CEO asked board to cut pay in connection with security overhaul [View online]( | [Signup]( [CIO Dive]( Daily Dive Oct. 28, 2024 | Today’s news and insights for tech leaders [CIO Dive’s studioID]( TRENDLINE [Top Priorities for Today’s CISOs]( Breaches, cyberattacks and looming regulations have thrust CISOs into the spotlight. Explore how top security executives navigate these challenges in [this Trendline.]( NOTE FROM THE EDITOR CEOs know IT is critical to operations, but here’s one number that puts things in perspective: Each hour of IT downtime can cost businesses up to $1.9 million, [according to New Relic data](. More than ever, executives need to work together to make sure the business can leverage the technology it needs, staying one step ahead of potential disruptions. The CIO and CFO, in particular, must be in lockstep. To address how executives can work together, CIO Dive and CFO Dive will partner this [Wednesday, Oct. 30 to host a live, virtual event](. Starting at 1 p.m. ET, executives from General Mills, Principal Financial Group, BlackLine, Grant Thornton and more will join us to discuss the latest trends in tech and finance. The event is free, and [you can reserve your spot now](. Thank you, Roberto Torres Editor, CIO Dive [X/Twitter]( | [Email](mailto:rtorres@industrydive.com) --------------------------------------------------------------- [Can the US lead on AI regulation?]( Vice President Kamala Harris and former President Donald Trump promise to spur AI innovation, but a lack of bipartisanship and a patchwork of state laws could hinder the country’s global influence. --------------------------------------------------------------- [Even small IT failures can cost millions, tech leaders say]( Businesses lose up to $1.9 million per hour from high-impact events like the CrowdStrike outage, according to a New Relic survey. --------------------------------------------------------------- [Microsoft CEO asked board to cut pay in connection with security overhaul]( Despite the request, Satya Nadella's total compensation in fiscal year 2024 far exceeded 2023 thanks to Microsoft's stock market performance. --------------------------------------------------------------- Sponsored Content by Lumos [The 3 keys to balancing productivity and security for your business]( Finding the right balance of productivity and security for your business can be a challenge. Learn how a comprehensive access governance strategy can make it easy. --------------------------------------------------------------- [Read more news]( [image]( [Strategic Contract Lifecycle Management Solutions]( As an IT leader, you have an opportunity to greatly increase operational efficiency with a smarter approach to CLM. Learn how a unified CLM strategy can help increase reliability and drive growth in this playbook. 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