Top Tech trends for 2023: What can companies expect in 2023 and position themselves better?

The year 2022 was marked by supply chain disruptions, inflation, debt, labor market gaps, geopolitical uncertainties, fears of recession and increasing ransomware attacks. These developments continue to pose a critical threat to the companies. But it is also important to look into the future at the end of the year to be better prepared for the challenges and opportunities to come & heal covid19 scars.

 

Cloud budgets are being analysed more closely

According to a recent report by Veritas, misunderstanding about cloud security, scalability and storage has led most enterprises spending much more than anticipated. 93% of companies overspend on the cloud, exceeding budgets by an average of 43%. As the amount of data increases every year, the cost of storing it in the cloud also increases. For IT teams, this is becoming increasingly difficult to justify. Exceeding budget is mainly due to the misunderstanding nearly all organizations had that CSPs are responsible for protecting their assets in the clous. Although cloud adoption has enabled most companies to implement advanced business strategies, future CEOs and boards of directors will demand more transparency into the return on investment (ROI) of cloud spending. IT managers are under great pressure to justify their cloud budgets while finding new solutions to reduce data volume as Veritas expect IT spending to be reviewed even more closely in 2023.

The vast majority of enterprises fail to stay within their cloud budgets

Low-code and no-code make compliance difficult

As the demand for hyper-automation and IT modernization is growing at an exponential rate, low-code and no-code applications are contributing significantly to the democratization of application development in companies. In 2023 they will become even more established. The global low-code platform market is forecasted to generate a revenue of $187.0 billion by 2030, increasing from $10.3 billion in 2019, and is expected to reach 31.1% CAGR in the forecast period (2020-2030).

Employees without a technical background (citizen developers) can develop their own applications. Almost 60% of the custom apps are now built outside the IT department. Of those, 30% are built by employees with limited or no technical skills, creating huge compliance issues for businesses. Because citizen developers are less experienced in implementing security and privacy systems. Creating new vulnerabilities that can be exploited by cyber criminals.

 

Edge device vulnerability

Gartner analysts predict that by 2025, around 70% of of the data managed by organizations will be created and processed outside of the data center or cloud vs 10% now. Adoption of edge devices are considered as the solutions that facilitate data processing & generation. But this increasing shift of data processing to the edge complicates the IT architecture and increases the attack surface. Because of the lack of IT specialists, it is often not possible to provide the same level of protection at the network edge as in the data center or the cloud. Nevertheless, to fully protect the enterprise, every single edge device must be secured.

 

IOT & hyper-connectivity

We live in a hyperconnected world where worldwide companies are under huge pressure of shearing and integrating data in a smart way. It’s predicted that there will be more than 43 billion connected devices by 2023 with the goal of generating, collecting, shearing and helping companies to make use to data in the smartest way possible. 5G technologies are also boosting the full potential of IoT & hyper-connectivity. It’s true that IoT devices make our lives easier and more convenient but also comes with huge security issues if not well protected.

As the number of devices explodes during 2023 and beyond, device manufacturers and security experts will have to strengthen their strategies to fight against cyberattacks and minimize the chances of losing valuable data.

It Takes Next Level Preparation to Achieve the Best of Your Cloud Migration

a cloud migration steps

Nothing is built for eternity in IT. Applications that were state-of-the-art ten years ago no longer meet the needs of agile enterprises. Every day, industry leaders are competing with digital upstarts that develop their business exclusively in the cloud. To fight this battle, Innovative CIOs are therefore migrating their applications and data management to the cloud.

They want to benefit from the flexibility, diversity, security, and scalability of powerful and highly available cloud services for their digital transformation. But you only unlock these potentials if you prepare yourself and your IT departments well enough. Here below is a five-step preparation to respond to the demand.

 

  1. Question everything and rediscover your business

Do not leave one stone on the other and analyze all previous processes. Ask the right questions: What needs to change? What are the consequences of migrating certain applications to the cloud? Which adjustments are necessary for the work processes, the responsibilities? Take all departments with you on your journey. As cloud migration means much more than the introduction of new technology, the entire organization to the last employee must understand where the journey is going, what is being done, and what needs to change. Rather, it means developing into an agile organization because the cloud also works with agile methods, since every four to six weeks is an update. So, a company is constantly benefiting from new and best practice solutions when it is ready to adapt. To keep pace with this rapidly changing infrastructure, the new cloud services need to be designed and implemented so that you and all departments move at the same pace. For many companies, this is a significant change.

 

  1. Define agile business processes to unlock all of the cloud potentials

If you have not yet established agile work processes, you will need to introduce them with cloud migration at the latest. Because the effects of constant updates circulate in all areas. The departments also need to be more agile to ensure continuous integration of new features. You need to involve senior executives in prioritizing and approving. The specialist departments and project teams will have to collaborate in the future like an interconnecting gearbox in a single machine. As the development tool spins faster to support agile processes, it also forces everyone else to spin faster. This may be annoying at first, but the long-term benefits will be enormous. The organization as a whole becomes more agile, which speeds up day-to-day operations and workflows. Product development, marketing, and sales can react much faster to market opportunities and competitive pressure. Developers can quickly implement new features to meet important customer needs. Thanks to the scalability of cloud applications, they can optimize IT investments along with the services they request.

 

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  1. Think networked in processes, technologies and especially in people

In the face of agile and accelerated processes, cloud migration is never just a technology introduction, but always a change process for the entire company. Ask about the effects on people and processes: which people are directly, and which are indirectly affected? Who needs to be hired and who needs further education? What effects does this have on the ongoing processes? In order to handle the three dimensions of people, processes, and technology equally, you need a change in the current management method.

 

  1. Set priorities and start with the easy-to-reach Quick Wins

The implementation of cloud migration is a complex challenge in which some tasks are highly useful and can be implemented quicker. Other areas, however, have a low benefit and require high expenditures. Prioritize all tasks with an XY matrix, where you divide the quadrants into high and low utility and low and high overhead. Then start with the implementation with the tasks that offer a high utility value with little effort. Such “quick wins” give their project energy and help to convince the skeptics. Tasks with little benefit and high effort can postpone your entire project. The intervening tasks should be sorted according to the organizational needs.

 

  1. Formulate your vision with clear goals and document your concept

Many cloud projects begin with an informal discourse that quickly brings about much agreement. It is better, however, to document the concept and to define the key factors in it. For example, a cloud migration project needs a vision with clear goals for the next one, three, and five years. Describe the benefit for your business and how it will evolve. Create a roadmap that defines competency progress and milestones. Sketch the solution architecture for full implementation and how your business will transform along the way. This document provides guidance to all project participants in the implementation process and ensures the long-term success of your company on the path to digital transformation.

 

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