FATIGUED WORKFORCE, TALENT COMPETITION, SPIRALLING COSTS

Strategic flexibility, systems efficiency will be crucial as organisations seek to bridge the gap between what they are and what they want to become.

Cloud-based systems will become even more crucial in 2023 and beyond and will facilitate secure data solutions with greater access. Data security will be amongst the most critical considerations for executives and will provide the transformational platforms needed to thrive.

With virtual reality becoming less costly and more accessible, businesses will be able to drive immersive consumer experiences across the retail spectrum as well as be an invaluable ally to healthcare providers in training and skills development.

AI and robotics will continue to offer increased productivity and extend their reach to previously untouched industries, with blockchain also making huge strides in its ability to innovate and streamline processes.

The gauntlet has been laid down to organisations in 2023 and the coming years, with big challenges on the horizon coming in the form of a fatigued workforce, increased competition for talent, and spiralling costs. Making the most of existing talent and encouraging skills acquisition means employees can offer more in high-priority areas, which will ensure more flexibility.