03 Jan, 2023
Top 4 Technology Trends CIOs Should Embrace In 2023The year 2022 has witnessed a technological transformation in the digital space, to stay ahead, CIOs must plan for the future and create a roadmap for their organization. Thus, the question at hand is: what are the technology priorities for 2023?
Common predictions for the coming year that we have seen range from a focus on AI and the metaverse to digital immune systems and industry cloud platforms. And because many companies will be experimenting and implementing some of the technologies identified in the trend reporting, it’s necessary to learn about what the CIOs would consider as we read these predictions.
Here are the five technology trends that CIOs should be aware of in 2023 and beyond in order to plan, lead, and innovate their business for tomorrow.
1. CybersecurityGartner has reported that cybersecurity mesh practices will lead the information security sector. The method prioritizes network security by utilizing various security checkpoints.
As technology becomes more integrated with goods, technologists are becoming more involved in product development, including product security (such as IoT devices).
The most cyber investment is likely to go to managed security services (30%), network security (22%), mobile security (9%), and online and email security (8%), some of the trends are:
- Multiple identities and access management procedures.
- Zero-trust security networks are gaining popularity.
- Security features can be quickly deployed.
- Increased representation of tech-savvy executives on corporate boards.
- Many goods and services will be now subject to more stringent compliance and security testing requirements.
- Coordination among information security firms have been and will be improved in order to establish standardized security measures.
2. Digital TransformationCompanies are still investing in the digitization of tasks and processes. They also learned that digital transformation has no final end state, and it is a never-ending evolutionary process.
Digital transformation drives changes that involve changing the way people think. Today's digital transformation doesn't just happen once. This means companies should increasingly look for people who are ready for change, starting with their CIO.
The fact that driving change and creating a culture tops the list shows that CIOs know they need to embrace the mindset of digital transformation in business. CIOs can leverage their experience with agile methodologies and extend these methods throughout the organization. Technology will play a vital role in creating an intelligent enterprise.
3. AI And Predictive AnalyticsArtificial intelligence promises to help companies improve day-to-day operations and make workflows more efficient. The enrichment of complex manual processes with self-learning AI algorithms is a game changer for digitization. It also creates immediate value.
Organizations are beginning to see that AI capabilities can be integrated into AR workflows, for example, to perform verification assessments via image recognition, reduce the likelihood of human error, and increase reliability, agility, and workforce productivity. Organizations will also leverage the combination of AI and AR for automated security controls to provide an intelligent way to protect against common business risks.
4. Operational transformationAlmost every business is going through an operational transformation, as the way we work has changed dramatically in recent years. Business transformation is the framework that allows digital transformation initiatives to endure. It should y is going through a company's culture and allow non-technical, in-person and remote teams to participate.
To create efficient workflows, reduce approval processes, facilitate employee onboarding, personalize customer support, and fully digitize operations, enterprises must rapidly evolve from outdated manual processes. Streamlining these operations, whether for task management or customer relationships, enables businesses to collaborate more effectively to achieve revenue targets.
The Year Of CIOs Making an ImpactCIOs recognizes (perhaps more frequently than their peers) that change is accelerating. CIOs who want to help their companies compete in today's digital economy can connect with diverse business ecosystems, engage with customers in new and dynamic ways, and experiment with emerging technologies and business models.
CIOs will most likely begin developing a team of leaders in their organizations in 2023 and beyond. This is critical because, in an age when every IT organization strives to be smart, nimble, and agile, stereotyping bureaucratic vertical organizations no longer works. A true matrix IT organization with many well-rounded IT leaders allows for the flexibility of developing business solutions quickly.
Furthermore, CIOs should prioritize quality over quantity. We have produced several industry-changing innovations with a small IT staff. Digital skills are becoming increasingly important for businesses, and IT will be at the forefront of teaching and coaching their peers.
You can begin by reflecting on your vision in order to build your leadership team. What will the future bring? What skills (both hard and soft) will your organization require to achieve that vision? Who has those abilities nowadays? Who can learn these abilities? Is it a void that should be filled by outside hiring? You can create a roadmap to ensure that you and your team have the skills required to realize your vision.
Wrap-upCIOs and other technology leaders need to keep an eye on the future. The technology trends identified by analyst firms are upon us and must be ready. At the same time, they must manage the day-to-day operations of their business and department.
To navigate 2023, CIOs will need to become even better able to shape the future of their organization while meeting their current needs. This forces businesses to become data-driven and transform in the digital economy. The CIO must protect the company's digital assets, influence change, and create a culture of employee and customer engagement.