Disruption is the one constant in today’s rapidly evolving technology landscape – your business must be prepared not only for the challenges it faces today, but also for those challenges that are on the horizon. Ray Steen, CSO at MainSpring, shares the top IT trends and challenges your organization needs to prepare for.
Armed with strategic knowledge of IT trends and how they connect to business outcomes, your organization will be able to remain resilient in the midst of change, stay ahead of trends and take advantage of new technologies before your competitors.
Let’s take a look at the key challenges organizations will face in early 2023 and seven trends that will impact IT strategy across industries.
Challenges for IT professionals
2023 will be the culmination of many global developments that have impacted businesses as of 2020. They are shaping enterprise IT spending now and will continue to do so in the coming year—plus they will challenge enterprises to explore new revenue models and ways of working.
1. Global instability
The supply chain crisis that began with the COVID pandemic has combined with further supply chain disruptions stemming from the Russian invasion of Ukraine and other global political conflicts. The uncertainty surrounding the availability of global exports and the reliability of shipping will have a major impact on global businesses for the foreseeable future.
2. Economic turmoil
Partly as a result of global instability, experts are predicting that the global economy is headed for recession and turmoil. This is likely to cause companies to back off from increased investment and hiring; There will be an urge to “mature” with better efficiencies, labor-saving automation, and cost reductions to offset potential losses.
3. Cyber Threats
Cyber attacks are increasing in both frequency and cost, as they have for many years. In 2023, this trend will continue, and organizations will need to consider cybersecurity in their business practices, solutions, and third-party partnerships.
4. Talent Gap
IT talent has been difficult to find and pay for for some time. Thanks to trends like “the great resignation”, it is also difficult to maintain. Above all, companies need cybersecurity talent and employees who can translate between IT concerns and business outcomes.
5. Remote Employment
Companies continue to engage in hybrid working models – until the end of 2022, 25% of all professional jobs in America will be remote. This has created an expanded network perimeter outside of organizational networks, creating new vulnerabilities and collaboration challenges.
See more: Into the Light with Discovery: It’s time to rethink Shadow IT
Top 7 IT trends for 2023
Below are the trends to keep an eye on and prepare for in advance.
1. AI readiness
Advances in AI, machine learning (ML), and neural networks have accelerated over the past decade thanks to major breakthroughs. Today, companies are spending more on AI than ever before, with experts predicting an above-average market size $422 billion until 2028.
By 2023, AI-enabled organizations will be ready for applications that enable better on-the-fly decision-making based on big data, superior customer experiences, more flexibility in cloud deployments, and more. Ultimately, AI readiness will be a key differentiator with competitive advantages.
2. High bandwidth wireless standards
Gartner predicts that by 2025 60% of companies will use five or more wireless technologies – including 5G, which isn’t just a faster way to connect to the internet from your mobile device: it’s a more reliable channel to deliver content to your customers, collaborate with remote employees and work remote equipment.
The value of 5G is particularly evident when it comes to Internet of Things (IoT) devices. There are billions of active IoT devices today, and that number will continue to grow in 2023. As businesses rely on the IoT to collect critical data, they need the higher bandwidth and lower latency of 5G, which can support a greater number of devices.
3. Cybersecurity culture
Despite the danger of today’s cyber landscape, only 50% of small businesses currently have a cybersecurity plan in place. In 2023, more organizations will begin to understand the critical role of cybersecurity in protecting their revenues, both long-term and short-term.
Because of the role social engineering plays in facilitating cyber attacks, cyber training for all employees is becoming a pillar in the culture of many organizations. We will also see increased adoption of multi-factor authentication, particularly as tech giants adopt the Fast Identity Online Alliance’s FIDO2 standard and WebAuthn API.
4. Cloud Migration
According to Gartner, global cloud spending will have increased by more than 20% nearly $500 billion by the end of 2022. We expect that in 2023 more companies will move their IT infrastructure, data and applications to the cloud because of its faster deployment, lower costs and superior security compared to alternatives.
In today’s world, there are some good reasons to adopt so-called “managed hosting” services: While this model of IT delivery made sense in the ’90s and mid-2000s, the advent of cloud computing has made it obsolete. Cloud offers all the benefits of managed hosting with few downsides like high monthly costs, hidden fees, little flexibility and restrictive service contracts.
5. Federal cybersecurity compliance
Given the danger that cyber threats pose to national security, the federal government leaves nothing to chance. While government contractors have been required to follow cybersecurity standards like NIST 800-171 for some time, Cybersecurity Maturity Model Certification (CMMC) will require greater accountability from private sector organizations doing business with the federal government.
The Department of Defense (DoD) aims to include CMMC in its contracts by 2023. Meanwhile, government agencies are working to implement a Zero Trust Architecture (ZTA) by 2024. Both initiatives are expected to have an impact on the private sector, according to Gartner predict that 60% of companies will adopt Zero Trust security principles by 2023.
6. Outsourced IT talent
Increasing IT challenges require a competent IT team. Unfortunately, at 75% of IT executives, IT talent is becoming increasingly difficult to find specify It is difficult to fill open tech positions in 2022. At the same time, they are also difficult to afford as scarcity accelerates wage inflation over 20% for important technical positions.
Ultimately, companies will look to outsourced professionals to complement their in-house IT teams. Many will turn to managed service providers (MSPs) and virtual chief information officers (vCIOs) for both their business experience and technical expertise.
7. Performance Optimization
With the economic problems that businesses will face in 2023, organizations will look for ways to reduce costs and perform better in every way imaginable. They will continuously monitor KPIs and other metrics to ensure the solutions they are using are actually generating the expected business value over the long and short term. If they don’t, they will use these metrics to continuously refine and improve their position.
Get help from a strategic advisor
Make IT work for you in 2023 by strategically utilizing technology trends to increase revenue and meet your long-term goals. If you don’t have the in-house talent to take advantage of the risks and trends you face in 2023, seek help from a trusted MSP or business consultant. Look for a proactive partner who takes ownership of your results and works diligently to exceed your business needs.
Can you think of any other IT trends to add to the list above? How ready do you feel to tackle these trends? let us know Facebook, Twitterand LinkedIn.
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