by Montagu Group | Oct 10, 2022 | Candidates, Employers
Digital and Inforamtion Technology Trends for 2022
Every year, Gartner identifies technology trends that are critical to business.
This year, the list comprises 12 strategic trends that will enable CEOs to deliver growth, digitalisation, and efficiency.These trends will position CIOs and IT executives as strategic partners in any organisation.
Here’s the list of 12 Top Strategic Technology Trends for 2022
- Trend 1: Data Fabric – a flexible, resilient integration of data sources across platforms and business users. This makes data available everywhere it is needed regardless of where the data lives.
- Trend 2: Cybersecurity Mesh – Enables best-of-breed, stand-alone security solutions to work together to improve overall security. This moves control points closer to the assets they are designed to protect.
- Trend 3: Privacy-enhancing Computation – Securing the processing of personal data in environments that are not trusted.
- Trend 4: Cloud-native Platforms – Technologies that allow you to build new application architectures that are resilient, elastic, and agile—enabling you to respond to rapid digital change.
- Trend 5: Composable Applications – Making it easier to use and reuse code, accelerating the time to market for new software solutions and releasing enterprise value.
- Trend 6: Decision Intelligence – Modelling decisions as a set of processes, using intelligence and analytics to inform, learn from, and refine decisions.
- Trend 7: Hyperautomation – A disciplined, business-driven approach to rapidly identify, vet, and automate as many business and IT processes as possible.
- Trend 8: AI Engineering – Automatic updates to data, models, and applications to streamline AI delivery.
- Trend 9: Distributed Enterprises – A digital-first, remote-first business model to improve employee experiences, digitalise consumer and partner touchpoints, and build out product experiences.
- Trend 10: Total Experience – Business strategy that integrates employee experience, customer experience, user experience, and multiexperience across multiple touchpoints to accelerate growth.
- Trend 11: Autonomic Systems – Self-managed physical or software systems that learn from their environments and dynamically modify their own algorithms in real time to optimise their behaviour in complex ecosystems.
- Trend 12: Generative AI – Learns about artefacts from data and generates innovative new creations that are similar to the original but do not repeat it.
Watch Gartner’s video now, and see how three trends—generative AI, cybersecurity mesh, and decision intelligence, will propel strategic change.
Knowing the different trends and their impact will be a key focus for business in the future. With a tight integration between most of the trends, varying combinations of technologies are likely to be required to compete at various times in the business growth cycle. Selecting the priority trends will revolve around CIOs and IT leaders understanding their organisations’ short-term and strategic business objectives.
Read the full article here: Gartner Top Strategic Technology Trends for 2022
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by Montagu Group | Jan 19, 2022 | Employers
Staff shortages in 2022
On Jan 4, 2022, Financial Review posted an article, Staff shortages will take three to five years to fade: KPMG where they say hundreds of Australian business leaders cite staff shortages and warn it will take up to five years to recover.
The latest KPMG survey of 400 chief executives, directors and business heavyweights found that almost 70 per cent believe acquiring and retaining talent is their key worry, amid negative net migration and soaring COVID-19 case numbers.
Immigration skill sets and staffing
Whilst there have been assurances from the federal government about skilled worker migration being ramped up, KPMG chairman Alison Kitchen said she expected omicron outbreaks will temporarily worsen the pain of labour shortages.
KPMG chief economist Brendan Rynne said the challenge posed by labour shortages was caused by both a lack in “volume of people … and also the skill sets that we’re chasing”, pointing to almost two years of closed borders and foreign residents returning home as causes.
In the past 12 months, net overseas migration has fallen by nearly 100,000 people – a negative trend – which, although borders have since reopened, Dr Rynne expected to continue.
“As we now come out of that, what you’re seeing is that with net overseas migration being negative for last year – and I’m anticipating it is going to still be negative for this year as well – there’s a lot of pressure being put on [both] permanent migration and temporary skilled migration,” Dr Rynne said.
“There’s an acknowledgement [by the federal government] that there needs to be a ramp-up in net overseas migration[but] it’s tricky in terms of the timing of opening up borders as well.
“There’s still this global health pandemic we’re dealing with, so it’s managing the rapid escalation of migration with some overarching health concerns.”
Dr Rynne also acknowledged that a rapid jump in migration could also dampen wage growth – an issue under consideration by the Reserve Bank – but believed this would be offset by improved productivity.
Staff shortages have also worsened since the survey was completed in November, as thousands of new daily cases across the country force workers into isolation.
Also, the survey showed that upskilling existing staff to meet increasing demands for digital transformation will continue to be a concern until 2026.
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Click on the link to read the full article:
https://www.afr.com/policy/economy/staff-shortages-will-take-three-to-five-years-to-fade-kpmg-20220104-p59lpy
by Montagu Group | Jan 19, 2022 | Candidates, Employers
IT BUSINESS EDGE has a great article on the top trends in 2022 that will be shaping digital transformation. It is a great read, check out the original post here: Top 6 Trends Shaping Digital Transformation in 2022
Here are the Top 6 Digital Transformation Trends for 2022
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- Automation will power prescriptive guidance –
Analytics have powered much of the innovation of the last decade. It tells us what happened, explains why it happened, and predicts what will happen in the future. When combined with automation, we can move past descriptive and predictive analytics toward prescriptive guidance. With traditional analytics, we can only understand what’s happening at the moment and make an educated guess at what will happen next. Analytics augmented by automation, on the other hand, gives us a solid foundation on which we can plan for the future.
- Agility will become a bigger priority –
We learned that a business’s agility is the key to its survival in ransomware attacks. We should prioritize investments in disaster recovery and business continuity as per Ginna Raahauge, CIO at Zayo.
More enterprises will also see a shift toward low-code or no-code software adoption. These tools have long been the source of some controversy in the IT industry because many developers have feared their jobs would become obsolete if companies could operate on low-code software alone.
Whether it’s inventory shortages or shipping delays, significant supply chain challenges have sent organizations of all sizes in all industries scrambling. Many experts anticipate that data analytics will be the solution.
Customers effectively want the same experience when interacting with a business whether they choose to do so online or in person. To meet this demand, organizations should have a clearly defined omni-channel strategy and a consolidated, streamlined view of their customer data.
Most enterprises’ IT budgets will increase as well. This prediction is in line with Gartner’s forecast that worldwide IT spending will reach $4.5 trillion by this time next year — a 5.5 percent increase over 2021.
Enterprises should consider how innovative IT solutions can support their broader priorities. Digital transformation allows businesses to become more agile, productive, and dynamic in almost every aspect of their organization when implemented strategically. For the best possible outcomes, businesses should align their IT budgets with these priorities.
Check out the original post here: Top 6 Trends Shaping Digital Transformation in 2022
