With a rapidly evolving tech landscape, it’s essential that enterprise CTOs are always up to date when it comes to the next big thing likely to impact their business. They need to competently navigate the technology space as well as emphasize the business side of things. To that end, here are suggestions of areas enterprise CTOs must keep an eye on in 2023.


1. Business Intelligence & Analytics

You know your job is never done if you’re an enterprise CTO. If you’re not working on new products, you’re working on improving existing ones. If you aren’t innovating, you’re perhaps working towards accelerating the workflows in place. And if you aren’t focusing on what’s next, you are falling behind the competition.

This means it’s time to get up to speed with the massive developments in the space of business intelligence and analytics (BI&A). You can bet that your competition has been exploring this space for some time now — and they’ve likely already developed solid BI&A capabilities. To keep up with the competition and stay ahead of the curve in 2023, enterprises must get their hands dirty in BI&A, especially in the context of:

  • Nurturing data literacy
  • Leveraging predictive and prescriptive analytics capabilities
  • Driving mobile BI initiatives
  • Laying the foundation for Data Quality Management (DQM) frameworks


2. Cloud Engineering

In 2020, enterprise CTOs were focused on two main areas: cloud architecture and security. In 2023, we expect that they’ll be focused on cloud engineering. The global cloud computing market has grown by 635% in the past decade, and it’s still evolving.

This is a new concept we increasingly see in the industry. Cloud engineering isn’t just about setting up a cloud infrastructure — it’s about building a culture of innovation. It starts with making sure your team has the right tools and tech to do their jobs effectively but goes much deeper than that. It’s about creating an environment where engineers feel empowered to solve problems creatively and collaboratively. Cloud engineering means ensuring your entire team can work together seamlessly even when they’re not in the same physical location.

The good news? The tools and techniques for doing this are already here. You just don’t need to reinvent the wheel or start from scratch if you want your team to collaborate remotely; plenty of services will allow you to do so easily. Notably, if you’re not yet set up for cloud engineering, it might take some time before your organization can get there. So, it’s wise to get started as soon as possible.


3. Data Management

Data management is one of the top priorities for enterprise CTOs in 2023, and it will continue to be important in the future.

Organizations today are devising useful ways to make sense of the constantly growing volume and variety of data. This requires CTOs to analyze how their company uses data and how they can improve its usage.

In addition, many companies are now working with AI and machine learning models that require large amounts of data to deliver the expected outcomes. For example, a company may want to use AI-based fraud detection tools or machine learning algorithms for customer service initiatives. To do this effectively, CTOs need to ensure that they have enough relevant data available for these models to work effectively.


4. Artificial Intelligence

Artificial Intelligence (AI) will be the key to digital transformation in 2023, and enterprise CTOs will need to take charge. After all, AI has the potential to increase business productivity by up to 40%.

AI is the most promising tech of the modern-day. It has the power to solve some of humanity’s most pressing problems, including climate change, biodiversity loss, and global hunger. It could also help us find new ways to treat cancer or diabetes — and even make us smarter as a species.

When people are increasingly concerned about their privacy and security online, AI could be a solution for these issues as well — it would allow companies to protect customers’ personal information without compromising convenience or access. New technologies like quantum computing are just starting to appear on the horizon that could completely change how we approach AI-related projects.


5. Supplier Diversity

In 2023, enterprise CTOs will be focused on supplier diversity.

The number of suppliers an enterprise uses to source goods and services has grown exponentially in the last decade. While this benefits companies in terms of variety, it can also present challenges.

With so many suppliers, managing contracts and ensuring compliance with all applicable laws can be difficult. In addition, there is often no single point of contact for suppliers, which can make communication challenging when issues arise.

Enterprise CTOs must find ways to manage this complexity and ensure compliance with regulations while also maximizing their supply chain benefits. Technology will play a vital role here in streamlining the whole process.



Conclusion: CTO’s Role Will Be More Important Than Ever

It’s an exciting time for enterprise technology and, in particular, for CTOs as they strive to use technology to create incredible value for their organizations. The above-mentioned trends will be central to this process.

Excited to tap into the future of enterprise technology? Connect with us for a consultation.