Five Strategic Trends for Business Transformation in 2023 Featured

Image Credit: blackboard/BigStockPhoto.com With an emphasis on digital transformation and business agility, 2023 will see businesses consuming more as-a-service capabilities and focusing on securing their digital infrastructure, while ensuring sustainable practises remain a priority. Introduction 2022 has been a transformational year for many businesses. The year started off with more unexpected challenges — surging inflation, recession fears, and geopolitical woes — forcing business leaders to rethink their strategies on productivity and growth. According to Gartner , most (89%) board of directors report that digital is embedded across all business growth strategies. Yet only 35% say they have achieved or are on track to achieving their digital transformation goals. So, it is high time that businesses accelerate their digital transformation to effectively address the changing economic landscape. However, rapid digital transformation is not without its challenges. Businesses need to address cybersecurity threats (39% of UK businesses identified a cyberattack in 2022, according to Cyber Security Breaches Survey by Ipsos ) and the complexity in managing multi-cloud systems (four out of five businesses now use more than one public or private cloud system, according to HashiCorp report 2022 State of Cloud Strategy Survey) besides ensuring that they keep pace with constant […]

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