Tech Trends 2023

Thursday, December 22, 2022
Warrick Long
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Warrick Long

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Dr Warrick Long is an experienced chief financial officer, company secretary and company director, having worked for more than 25 years in the not-for-profit sector. In 2013, he joined Avondale Business School where he is a Senior Lecturer, MBA Course Convenor and a leadership and governance specialist.

Over the last 14 years Deloitte has published their annual Tech Trends report, which highlights what is on the technology horizon and what the implications might be for business leaders. Deloitte has been amazingly accurate over these 14 years, so I was excited to read their just released Tech Trends 2023 report (read it here).

This year Deloitte have identified six trends business leaders should be aware of and be thinking about how these will impact their business, and how they will respond. The trends are:

  1. Through the Glass
    This trend considers the immersive internet for the enterprise that moves beyond our screens and into immersive virtual experiences. These experiences include conversational and meeting experiences, learning events, and collaborative opportunities.

  2. Opening up to AI
    AI tools are here, and the competitive advantage they offer is decreasing as the become increasingly standardized. The robust integration of AI throughout business processes will be the edge exploited by leading companies. With this will be the need for humans to learn to trust AI.

  3. Above the Clouds
    As technology has evolved and added new layers, the looming metacloud will sit above the various multi-cloud environments to simplify the management of cloud-based tools and techniques.

  4. Flexibility, the Best Ability
    Hiring for current needs is playing catchup. Organisations need to be focussing more on flexible workforces and creative sources of finding talent. And then talent retention become increasingly important.

  5. In us we Trust
    Blockchain is changing the whole concept of trust within society. As trust becomes increasingly decentralised in the blockchain environment, and more reliant on a community of users, building and maintaining stakeholder trust is crucial.

  6. Connect and Extend
    The mantra of “out with the old and in with the new” is diminishing as more organisations choose to connect legacy mainframe systems to emerging technology, rather than just abandon it. Modernization rather than retirement is on the rise.

As a teaser for what is on the even longer term, the report offers a view as to what is in the incubator and about to impact society. Six emerging technology disciplines are identified that will rival traditional IT for impact on business innovation. These disciplines are:

  • Space and aeronautical engineering
  • Cellular and biomolecular engineering
  • Brain and nervous systems applications and interfaces
  • Climate, sustainability, and the environment
  • Autonomous and precision robotics
  • Power, energy, and battery technologies

What are you plans for adapting for the future?

We can help train you

Avondale Business School offers bespoke training programs. Contact our Master of Business Administration course convenor and governance specialist Dr Warrick Long to discuss your organisation's training needs.

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