A group of McKinsey’s technology practice leaders have taken a look at what 2023 might hold, and offer a few new year’s tech resolutions to consider: 1) Look for combinatorial trends, in which the sum impact of new technologies create new opportunities. 2) Prep boards for tipping point technologies. 3) Relieve the bureaucratic burden on your engineers to increase their productivity. 4) Look for new opportunities in the cloud. 5) Take advantage of how the cloud is changing security. 6) Take advantage of decentralized AI capabilities — and what this technology might mean for your business model.
they’ve adopted AI in at least one function in their business. While boards may be preoccupied with flattening or reduced investment in IT budgets, they need to keep energies focused on the risks and opportunities in this big shifts.
Leaders can’t assume the board will come to this vision on its own. For the board to be able to engage at this level, the CIO and CTO will need to have more continual and frequent dialogs with individual members of the board about tech priorities and needs.Layoffs in the tech sector and belt-tightening measures at most enterprises mean that tech leaders in 2023 will need to master the art of doing more with less.
Be more thoughtful about team makeup and get a handle on who your top performers are. Individual engineer performance can vary 2-3x between teams. This isn’t just a productivity issue; it’s a talent issue. If you want your company to become a destination for top engineers, you need to create a work environment where engineers can do what they love.Last year, many CEOs changed their outlook on cloud computing, essentially going from “I’ll do it because that’s what my CIO recommends” to “I want to be all in.” This point came home to me recently when the CEO of a large bank expressed frustration with lack of incremental progress on cloud.
In 2023 companies should focus on building out strong cloud foundations that allow them to take advantage of the most important benefits that cloud provides . That means developing the right application patterns . It also requires putting in place strong cloud economics capabilities, called FinOps.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The 100 Most Anticipated Films of 2023From the return of 'John Wick' and 'Mission: Impossible,' to new films from Martin Scorsese, Greta Gerwig, and Leonardo DiCaprio, here are 100 films to look forward to in 2023.
Read more »
Gallery: A look at major downtown Jacksonville projects heading into 2023 - Jacksonville Business JournalThe list features ventures from out-of-state and local developers, both adaptive reuses and new construction, spread across a variety of multifamily, hotel and retail sectors.
Read more »
69 Looks from the Spring 2023 Collections to Inspire Your Bridal LookLooking for a wedding dress? Here are some ideas from the spring 2023 runways, featuring Chanel, Bottega Veneta, Simone Rocha, and Alexander McQueen among others.
Read more »
Edmunds: Top vehicles to look out for in 2023The supply chain shortage has crushed automotive production and sales, but that hasn’t stopped automakers from introducing new and redesigned models.
Read more »
Gallery: A look at major downtown Jacksonville projects heading into 2023 - Jacksonville Business JournalThe list features ventures from out-of-state and local developers, both adaptive reuses and new construction, spread across a variety of multifamily, hotel and retail sectors.
Read more »