SURVIVING TOUGH TIMES

It’s that time of the year again when I gaze into the crystal ball and make predictions about tech trends shaping 2023. As they say, prediction is always difficult, especially about the future. Last year, many businesses reimagined and transformed their strategies to build resilience. With the threat of global economic recession looming, the new mantra for businesses this year will continue to be digital resilience. Earlier this month, we organised a CXO roundtable with Splunk to discuss why digital resilience is now more critical than ever and ways to build it. There is no doubt that technology is key to fighting business disruptions, and many companies, regardless of size, are investing heavily in modernising and securing their IT systems to drive positive business outcomes. The pandemic has taught us that operational resilience is the only way to thrive in dynamic market conditions and fend off business disruptions. The technology leaders who joined us for the discussion unanimously agreed that the only way to build resilience into business is to simplify and increase the visibility of their IT environments, which has become a challenge in this age of multicloud and cloud-native applications.

As businesses strive to modernise, one of the important technologies to watch out for in 2023 is AI and ML. We are already seeing how ChatGPT, the research project from OpenAI, can transform the future of business communications. In this issue, we have reached out to industry experts for their take on the trends that will shape the technology landscape this year, and you’d notice that there is a rising emphasis on data security. The future currency will be data, and we expect to see increased adoption of zero-trust security models this year. We have also turned the spotlight on one of the hottest topics in the industry today – cyber insurance. The exponential surge in ransomware attacks, which will get worse this year, is making it imperative for businesses to invest in cyber insurance to offset the cost of security incidents.

On that note, I wish all our readers a happy new year – may this one be your best yet.