As we are nearing the halfway mark of 2023, we are seeing some key trends that are shaping business technology and the corporate environment as a whole in the present and in the years to come. At the same time, technology will play an increasingly different role in the way businesses will operate, how customers will be served, and how data will be managed in this post-pandemic environment.
There are three key areas in which there are emerging technology trends that are set to change the way we work this 2023 and beyond.
The Need to Further Improve Data Analytics
Advanced data analytics is critical in order for businesses to make more proactive decisions. Also, analyzing data using machine learning plays a key role in identifying information gaps. It also increases one’s understanding of the depth of the information that’s available to identify data use cases that can stand on their own.
However, despite all the data that’s available to a business to better understand its customers or for a healthcare provider to better understand its patients, there's still much work to be done. For one, in some cases, the data could not provide the desired precise information needed for certain situations. In addition, some companies have yet to fully maximize the data available and thus are less inclined to make proactive decisions.
Talent Acquisition Through Learning And Development, Culture And Communication
Candidates seeking technology positions are looking for opportunities to join a company that shares their values and can provide them with an individualized experience that is aligned with their personal and professional goals. These benefits can include things like regular coaching sessions, continuous learning opportunities, and even weekly lunch-outs. As such, companies looking to boost their talent acquisition efforts should consider these benefits as must-haves rather than nice-to-have extras.
Communication between management and team members also plays a key role in employee satisfaction. This does not only mean on a professional level but on a personal level. Asking what someone did over the weekend or what their plan is for an upcoming holiday can go a long way to foster a better work environment.
The Increased Role Of Security And Compliance
As security breaches have become more advanced, end users must contend with increasingly cumbersome authentication methods and security controls beyond just creating better passwords. But it should not be this way. There are efforts to improve security technology for it to evolve toward a more password-free environment. Such developments are also welcome as hacking and phishing become more sophisticated that passwords can be broken.
Because of this, apps and authenticators are expected to play a bigger role in securing data and other vital information. At the same time, workforces bear greater responsibility than ever in the fight against security breaches as they are more empowered to be more vigilant than before. On the other hand, such measures can also be seen as a double-edged sword so it will be very interesting to gauge the continuing evolution of cybersecurity.
How the business acts upon these trends will shape its future, especially in terms of growth. Thus, it is important to take appropriate action in order to secure its future. At the same time, it is important to be cognizant of the current challenges not only in relation to these trends but also with regard to the resources the business has in place to implement them properly. Striking a sometimes delicate balance will ensure a more secure and resilient business for the rest of the year and beyond.