Info-Tech report flags seven trends CIOs need to anticipate in 2023 – IT World Canada

Info-Tech Research Group has released its 2023 Tech Trends report, containing what it described as seven data-driven trends and findings based on a survey of 813 industry professionals, the bulk of whom worked in IT departments.

The bottom line, the report states, is that next year it will be the duty of the chief information officer (CIO) to enhance existing capabilities plus create new ones, while protecting their organization from continued and expected volatility.

“Last year’s Tech Trends report focused on the capabilities organizations would need to compete in a digital economy, ” said Brian Jackson, research director and one of the principal research leads for the latest report. “(This) report considers how technology leaders can explore new technologies whilst protecting the particular organization from the risks posed. ”

He noted, that just “like a chess grandmaster, CIOs will need to play both sides of the board in 2023. Emerging technologies present opportunities to attack, while protecting from a volatile board state is a requirement.

“It’s the particular role associated with the CIO to push the organization harder. While maintaining existing technology, they must set goals for technology to support the business to move faster and perform better. To enhance current capabilities and create new ones. ”

Based on the findings, the report highlights the following seven technologies trends with regard to the coming year:

The Metaverse: Info-Tech says it views the metaverse as “best understood from a technological perspective. A convergence of mixed reality, artificial intelligence, immersive digital space, and real-time communications stacks together to create metaverse experiences. ” The particular report notes that when survey-takers were asked individually about their interest in collaborating in VR, about one in four said they are interested. That is equal to the number of organizations that are at least planning a proof of concept, showing that on average, organizations are demonstrating the right amount of enthusiasm for that metaverse, the particular firm says.

Generative AI: The research firm defines the technology as a type of semi-supervised machine learning that uses neural networks to produce new content or interpret complex signal information. The uses for generative AI, it contends, go beyond creating imagery. It could help businesses with predictive maintenance or improving cybersecurity analytics, or it could help generate new ideas with regard to drugs or assist in quality analysis and medical diagnoses. Survey results indicate that by the end of next year, AJE will receive the most net-new investment simply by organizations.

Industry-Led Data Models: The particular report notes that after AI, the two technologies gaining the most momentum inside new investment are data lake (lakehouse) and information fabric (mesh), with both seeing a five per cent increase in the number of organizations planning to invest found in 2023. According to typically the survey, “most organizations will look to develop their own data evaluation, with upwards of 41 per cent building their own along with in-house staff. ”

Sustained Digital Processes: Based on survey info, it appears that more companies may now be through the initial rush associated with digitalization and into the following phase regarding sustaining their particular efforts. For example, last year, more organizations (eight in 10) indicated they had digitalized over 20 per cent of their processes. In this year’s survey, the number is down, with seven in 10 respondents saying they have digitalized between zero % plus 20 for each cent of the processes.

ESG Analytics and Reporting: According to the report, in 2023, it will be expected that will public companies will be required to statement on their very own carbon emissions by financial regulators inside places like Canada, this U. K., EU, in addition to the U. S. However , many organizations are still behind on this issue, even though various regulators around the world are either implementing those reporting requirements or moving closer in order to doing so. Less than one-quarter of IT professionals say their organization can accurately report upon the impact of its ESG (environmental, social and even governance) initiatives, and 43 percent state their reporting on impacts is inaccurate. Reporting accuracy was even worse regarding reporting about carbon footprint, with 46 per penny saying his or her organization could not precisely report the carbon impact. IT leaders will need to improve on this front to end up being compliant.

Zero Trust Security: Slightly more than half involving the respondents said it was likely or very likely that a cybersecurity incident would disrupt their business in 2023. Disruption from new government-enacted security regulations was the subsequent most common concern, with 40 per cent saying they were likely or very likely to be able to disrupt company. As attacks increase on frequency together with impact, businesses are turning to the concept of a Zero Trust network to defend against threat vectors.

Recession Preparation: The record states of which in addition to the new technologies the fact that could yield innovation, and all the subsequent risks that IT must work for you to mitigate, a financial risk to the IT budget looms intended for 2023. “This risk reduces the degree to which THIS can pursue growth opportunities and offer protection from regulatory burdens and additionally bad actors. ”

However, Info-Tech notes that despite what calls the negative signals, the majority of IT professionals expect all their budget will certainly increase the coming year.