CxO Priorities for 2023

As the new year 2023 begins, Modern CxOs are facing a challenging task list in maximizing IT productivity and efficiency in unpredictable times. The past few years have been focused on speed to market to maximize opportunity, but this will no longer be the case. CxOs will have to find ways to continue achieving the same results but with less margin for error. To respond to both old and new challenges, IT leaders must reassess their business and technology strategies and realign them to address rapidly evolving business and economic concerns. The following nine priorities are gaining the most attention:

1. Building resiliency: Resiliency will be a top priority for many CxOs this year as they face a possible recession and ongoing labor shortages. Technology will play a pivotal role in building resiliency, since it's entrenched in every aspect and rung of an enterprise.

2. Improving business intimacy and alignment: Improving business intimacy enables CxOs to increase their relevance, enhancing their ability to deliver business value. IT leaders can improve business intimacy by bringing new skills and operating processes to the executive table.

3. Rationalizing the technology estate: Over the past decade, enterprises have rapidly added powerful technology and cloud-based services to their portfolios. CxOs will be looking to rationalize their technology estate to reduce unnecessary cost and maintenance and minimize security attack surface and privacy exposure.

4. Aligning on business goals: There must be open, transparent, and collaborative working sessions to create alignment on how technology capabilities can be deployed to meet enterprise goals.

5. Monetizing data insights: Organizations that can successfully act on their data insights will thrive. CxOs need to treat the assessment and analysis of data as a monetization opportunity and not just a cost center.

6. Strengthening Cybersecurity: With the growing number of cyber threats, CxOs will prioritize on strengthening the cybersecurity of their organizations. Companies like Stratascale will lead the way with their innovative solutions to protect the enterprise from cyber attacks.