Industry executives and experts share their predictions for 2023. Read them in this 15th annual VMblog.com series exclusive.
CIOs Need to Double Down on Data and Automation
By Dan Krantz, CIO at Keysight Technologies
2023 will present an array of challenges for organizations to weather, from economic volatility to supply chain disruptions. It’s imperative that CIOs evaluate their technology, processes and people to ensure they can successfully navigate the uncertainty. Below are five trends that I predict will become increasingly relevant for CIOs to consider to thrive in 2023 and beyond:
1. Deepening Data Divide Will Determine Enterprise Winners or Losers
While monetizing data insights has been an elusive goal for many organizations, the maturation of AI technologies is finally making it possible for companies to organize and actualize their information. The next five years will see these efforts accelerate, and those organizations that can successfully act on their data will thrive. CIOs at these organizations will favor solutions with these key factors: low code extensibility, intuitive user experience, and prolific APIs for maximum composability, all culminating in breakthrough analytical insights. Those who fail to embrace these capabilities will be mired in an Excel wormhole – the negative financial and competitive consequences of which will be difficult to escape.
2. Talent 2.0: Digital Dexterity becomes Mandatory
Digital dexterity outside the IT function will rise to levels where entire organizations will have basic software development skills. These progressive organizations will differentiate through data science.
3. Automation Impacts Talent Acquisition and Retention
In 2023, automation will remain unaffected– despite economic uncertainty. And in the coming years, the state of automation and systems will increasingly impact retention. Employees will seek out organizations with intelligent automated systems that allow them to focus on more rewarding and creative tasks. Those enterprises who don’t play ball, remaining manual-first, will find it harder to compete for talent.
4. Software Development Goes to the Robots
We’ve become accustomed to text predictions in our digital communication, but people may be surprised to learn that these capabilities also exist in software development. Some environments have bots suggesting how to finish code, which will become increasingly common in the years ahead. By 2028, more than half of the world’s software code will be written by bots as opposed to people.
5. Blending of Physical and Virtual Worlds Will Usher in New Era of Efficiency
2023 will see significant advancement in the form of digital twins being superimposed on physical systems. This will bring numerous benefits to various sectors, ranging from healthcare to manufacturing to retail. For example, imagine if a surgeon could operate with an AI assistant providing input on human anatomy and patient history instead of having to recall these details from memory. This sounds futuristic, but work is already underway to make this a reality. Expect to see more companies cropping up next year to help further blur the line between the physical and virtual worlds.
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ABOUT THE AUTHOR
Dan Krantz is Vice President and Chief Information Officer for Keysight Technologies. He is responsible for the company’s customer-facing platforms, enterprise applications, analytics systems, global computing and collaboration services and information security. Dan is leading the IT transformation to enable Keysight’s software-centric solutions strategy for innovations in 5G, connected cars, Internet of Things, and network security.
