Time to pull together a number of analysts reports floating around again. Gartner first, who had their virtual symposium this week and released a ton of data.
A survey on CIOs shows 66% are increasing investment in cyber and information security. More than half said business intelligence and data analytics are also areas to invest heavily in. The survey focused on the idea of “business composability”, — which involves the mindset, technologies and set of operating capabilities that enable organizations to innovate and adapt quickly to changing business needs. High composability enterprises expect to increase revenues by 7.7% in 2022, versus 3.4% for low-composability ones.
Gartner also identified the top strategic trends for 2022. There are twelve. Here are a select few of them:
The distributed Enterprise: Traditional office-centric organizations are evolving into distributed enterprises composed of geographically dispersed workers. Gartner is projecting that by 2023, 75% of organizations that exploit distributed enterprise benefits will realize revenue growth 25% faster than competitors.
Cybersecurity Mesh Architecture: Integrated security structure and posture to secure all assets, regardless of locations. This will reduce the financial impact of individual security incidents by an average of 90%, according to Gartner.
Total Experience. force multiplier for a growth strategy that combines customer experience, employee experience, user experience and multi-experience disciplines. The goal of TX is to drive greater customer and employee confidence, satisfaction, loyalty and advocacy.
And, Technology executives expect a 3.6% increase in IT spend for 2022, according to survey data released Monday at their event. Their numbers say it’s 5.5 percent up from 2021.
At that event – clearly with all their predictions – the firm also focused on predictions on business technology operations. Here are three of them. First, a self-directed workforce. The boss isn’t obsolete – just that teams create tactics and leaders focus on higher level issues and career developments. Second, data usage pivoting to focus on what businesses can, and should, use. This brings a combination of policies, regulations, and AI. Gartner predicts by 2025, businesses will avoid 70% of privacy violation penalties by supplementing personal data collection with synthetic data. Finally, the firm believes cyber-attacks will get worse before they get better and predict a member of the G20 will use a physical attack to reciprocate by 2024.
Canalys weighing in too. The chip shortage is a current issue – now hitting smartphones, with shipments down fix percent in Q3 of 2021. “The chipset famine has truly arrived,” said Canalys principal analyst, Ben Stanton.
Why do we care?
There’s catnip in here for sure. I’m thinking about 2022 myself – the three trends I highlighted from Gartner are the ones I’m thinking about too. Making Gartner practical – being good at the distributed organization is not the same as just working at home. That brings the need to do security anywhere – that mesh architecture – and do experience well. This is the practical portion of implementing IT effectively, and not just implementing. And the cliché – business skills, not technical ones.
I’m less sure about composability – this sounds like a new way of saying digital transformation, which I’ve always argued is just “adapting your business”. Bit too much consultant speak for my liking.