Phew!! The 2021 year has been a watershed moment for the software industry. CTOs and CIOs have emerged as influencers and transformers in the new paradigm, from scrambling to deal with the COVID-led disruption to embracing technology to stay competitive in today’s market, called VUCA (Volatility, Uncertainty, Complexity, and Ambiguity).
In the Chinese language, there’s the word “Wei Ji”. Do you know what does it mean?
It means danger/crisis and opportunity. Honestly speaking, the COVID has epitomized this combination for the tech industry because, unlike the previous catastrophes, the technology has enabled people to respond, navigate, and perform better this time.
We have witnessed how technology has influenced this past year and will continue to do so in the next years for organizations, businesses, and individuals.
Here, as we draw the curtains for 2021, the new year 2022 is projected to be a year of opportunities and innovations, resulting in excellent and successful business outcomes. The year 2021 accelerated current activity patterns globally. From the eCommerce industry to cloud activity, every moment was overshadowed by COVID, forcing CTOs and CIOs to take action rapidly.
In recent times, employees are working from home, organizations are adopting remote work culture, and operations that never believed they’d need to be dependent on technology suddenly can’t imagine themselves without it. Strange, right?
As we are moving further in the year 2022, CIOs and CTOs can probably look forward to the same and many other things in the coming days. Moreover, the COO of Radixweb – Mr. Dharmesh Acharya, has also listed down nine tech imperatives CIO/CTO to consider in 2022.
So, it’s time to watch out for the technology development that organizations are planning to invest in and use in 2022 to maintain business continuity and agility.
Let’s dig into some predictions for 2022, from CTOs, and CIOs to tech leaders.
The Adoption of Hybrid Cloud
As we all know, the COVID has forced many organizations to adopt hybrid work culture. Therefore, tech leaders must reconsider their priorities and examine how to balance scale, speed, privacy, security, and business outcomes.
Therefore, the future is expected to be hybrid, with businesses adopting all aspects of hybrid IT models, which includes hybrid cloud, hybrid work patterns, and hybrid customer experience strategies.
Furthermore, businesses are creating platforms and infrastructures that are more secure, scalable, flexible, and not dependent on a single person or provider.
While enterprises have consolidated their tools and platforms, the hybrid cloud approach will continue to be the best option in the near future.
As per the prediction, a growing global cloud ecosystem will enhance resource controls and real-time analytics by 2023. So, what we can do is create a strategy to integrate proactive AI/ML-driven analytics. Also, we can add policy-driven automation and employ more low-code development platforms, serverless workflows, and acquire advanced technologies and AI.
The global disruption was a notification for organizations that believed security was merely a reactive strategy. Enterprises have spread their boundaries due to remote working and cloud and digital technologies implementation. And a strategy that primarily focused on securing what we called “assets” within the enterprise network was found to be woefully inadequate.
Enterprises must be prepared for an ever-changing threat landscape, whether it’s ransomware, supply chain attacks, or deepfakes. Security cannot be a one-size-fits-all solution in a highly distributed environment, where users, data, and applications are available across different locations and platforms.
Well, this is the time when Cyber Security Mesh Architecture (CSMA) comes to prove its role.
CSMA is an integrated strategy to secure all IT assets of enterprises, irrespective of their location. It enables organizations to develop security measures based on device identification rather than its proximity to secured connections.
As per the report by Gartner, by 2024, organizations adopting CSMA will decrease the financial impact of individual security incidents by 90%.
“Executives plan to participate in business ecosystems 332% more in 2022 than they did in 2018.”
Privacy Enhancing Computation (PEC)
With the increasing concern of data security from the customers, many organizations are concerned about the impact of data breaches or other privacy-related occurrences on customer loyalty. Therefore, the approach of PEC can secure personal and sensitive data, allowing businesses to maintain confidentiality while sharing, pooling, or analyzing data.
As per the report by Gartner, by 2025, three out of five major enterprises will have implemented one or more of these strategies.
Analytics in Digital Transformation
While talking about the latest CTOs and CIOs trends 2022, most of their focus should be on setting the groundwork for larger enterprise transformation initiatives. Every CTO and tech leader should be prepared to identify the most feasible business cases for utilizing data and analytics.
Suppose your goal is to achieve large-scale digital transformation rather than piecemeal initiatives based on a specific use case. In that case, you will have to implement a holistic approach to use data and analytics to get the most out of it.
Therefore, in order to achieve effective outcomes, time invested in Q1 thinking through the roadmap of activities and discovering and driving synergies will be important.
AR in Enterprise Applications
Augmented Reality (AR) will remain on the top in the coming years. AR is likely to be integrated into sales and training environments, where the reality of hybrid work as the new normal has altered how we collaborate and learn.
The pandemic lockdown and its impact on remote work culture and eCommerce have only resulted in Augmented Reality (AR) finding new business use cases. There’s no denying that enterprise applications offer enormous potential.
With the new technology – AR, we can expect massive investments in smart manufacturing from organizations, resulting in better growth for the AR market in the enterprise industry. Many other industries such as retail, healthcare, and media & entertainment will be involved in AR implementation.
Crafting a Deep Bench
We should not be surprised to know that having a skilled team of IT/Networking/Security/DevOps engineers is a primary key to your long-term success. With a demand for increased digital dexterity piled on top of COVID-induced hybridization, assembling and maintaining a high-quality group is likely to be difficult.
Competition for top developers and data analytics expertise is unlikely to ease. It will necessitate adequate funds, flexible talent sources, crowdsourcing, and a comprehensive examination of present full-time and part-time team members. And in order to meet development/automation and advanced analytical needs, this will become increasingly important.
Data security, compliance, and governance limits, among other reasons, make it challenging to turn data into useful insights for even the most data-rich organizations.
Data fabrics, which are flexible, resilient data interfaces across platforms and business users, can help executives decrease data management efforts by up to 70% and expedite time to value.
What Should be the Priorities for CTOs and CIOs in 2022?
We can firmly say that 2022 is the year to accept and experiment with technologies. The idea of pilots and small-scale deployments is more appealing to businesses. Because failure and innovation are two sides of the same coin, we can expect many errors and trials as companies need to find out which model will be the suitable choice for them, but the significantly more innovative and differentiated market in the end.
And this pandemic lockdown has forced us to be into the Zooming meetings as well. Everyone is well-versed with digital technologies; hence, we are called digital workers. Moreover, we are ready to challenge the traditional organizational structure and reject working models that don’t satisfy our needs and demands.
Setting tangible goals to propel the organizations ahead with new and transformational initiatives is crucial for CTOs. Therefore, CIOs must make their businesses more composable in order to function in a more disruptive business environment.
CIOs may take the lead while developing composable thinking, business architecture, and technology simultaneously. Plans should include steps that support each other across the domains.
If you need to transform and explore your business with new ideas, you can talk to us. Radixweb is a top-notch software development company, helping many businesses turn their ideas into amazing digital experiences.