gartner ceo priorities 2022

Talent, uncertainty, and the economy also top the list of CEOs greatest challenges today. understand CFOs major business concerns and priorities; assess key shifts in executive attitudes towards growth and cost management; and. In the case of the metaverse, however, its doubtful the respondents who think it very likely to be a key technology for their business are as confident as they appear to be. Only a third (34%) believe AI can help differentiate them by fueling innovation, and less than a fifth (18%) believe AI can help fortify trust with customers, consumers and suppliers, suggesting that there may be opportunities to further leverage the full capabilities of AI as well as address and attempt to resolve any ethical concerns related to leveraging AI in different ways and environments.2 A small number didnt think that AI would help differentiate their organization (6%) nor help increase competitiveness in the market (5%). Overall, 49% of CEOs agreed with the statement that it is very difficult for us to find and hire the kind of people we need in our business., (The author Mark Raskino, Distinguished VP Analyst at Gartner and the views expressed in this article are his own). Conversely, 63% of CEOs see the metaverse as either not applicable or very unlikely to be a key technology for their business (see Figure 1). Do you want to have an impact? Raskino opined that in the past, some CEOs embraced new technology ideas perhaps a little too enthusiastically. I hope you get good insights & cross-sight to benchmark your 2022 priorities with other CEOs. Risk managers and security leaders must get creative in their approach to do more with less but never compromise. Evolution Of The Security Organization. Sixty-two percent of CEOs see general price inflation as a persistent or long-term issue. Businesses are gearing up for another bumpy year of cybercrime. Below are highlights from our latest survey, for which 121 CEOs shared their perspectives and predictions regarding growth, the economy, the evolving talent landscape, the importance of trust in building employee and customer relationships, and artificial intelligence. Cloud. Critical Capabilities: Analyse Products & Services, Digital IQ: Power of My Brand Positioning, Magic Quadrant: Market Analysis of Competitive Players, Product Decisions: Power Your Product Strategy, Cost Optimisation: Drive Growth and Efficiency, Strategic Planning: Turn Strategy into Action, Peer Insights: Choose IT Solutions with Confidence. Heres why. The 2023 Gartner CIO and Technology Executive survey was conducted online from May 2022 through July 2022 among Gartner Executive Programs members and other CIOs. Keeping other CEOs talking up the economy so that we dont create a recession by being pessimistic for no reason. He noted, however, that in the case of the metaverse, its doubtful the respondents who think it very likely to be a key technology for their business are as confident as they appear to be. But there is a twist. Since a vast majority of attacks rely on human deception and manipulation, people can be trained to become front-line workers against major threats like phishing and ransomware. Inflation is a sudden-onset issue for many CEOs, with 62% reporting that they expect it to be a persistent or long-term concern. Results was surprising, with significant variations seen in comparison to previous years in which the survey was carried out. To put it another way, leaders need to step back, take a breath, and consider a broader perspective. To put it another way, speed is not just about revving the engine faster, but designing it to run more efficiently and intelligently. Business leaders are now under pressure from customers, investors, regulators, and employees to take action with regards to environmental sustainability, and sustainable business is increasingly being seen as an opportunity to increase business efficiency and drive revenue growth. As the threat landscape and attack surface evolve, organizations will spend more on emerging and maturing technologies. Security analytics, alerting, network and endpoint monitoring, cloud monitoring, threat hunting, penetration testing and vulnerability assessment are examples of functions that may be difficult to perform in-house. Over half (54%) believe hybrid workplace models lead to lower employee engagement and loyalty, but a large majority (80%) plan to develop new tools to drive engagement and loyalty that dont depend on co-location. This message will not be visible when page is activated.+++ DO NOT USE THIS FRAGMENT WITHOUT EXPLICIT APPROVAL FROM THE CREATIVE STUDIO DEVELOPMENT TEAM +++. Zero-trust technologies are a top spending priority for CISOs in 2022. CEOs View Inflation as a Persistent Issue. The CEO agenda in 2022: Harnessing growth jolts | McKinsey Article (7 pages) The COVID-19 pandemic maintains a grip on the world with severe human and economic consequences; and as variants bring new uncertainties, society's efforts to save lives and safeguard livelihoods should continue unabated. As business leaders feel the pressure from key stakeholders to do more on environmental sustainability, they are now treating the needed changes as opportunities to drive business efficiency and revenue growth, said Raskino. Its potential has long been recognized; now it is beginning to bring real results in innovation and productivity. Do not delete! https://lnkd.in/ehb82mEM, Join Alessandra Chiuderi, Head of Analytics and AI at Generali and Simon Greener, Gartner Consulting D&A Expert Partner at Data & Analytics Summit to discuss how to unleash the power of data and artificial intelligence to deliver value. At Deloitte, our purpose is to make an impact that matters by creating trust and confidence in a more equitable society. and On the whole, they anticipate inflation to decrease by year end, to, on average, 7%. Keep reading to learn more about these areas. This indicates that CEOs are open to exploring new solutions to address the current give and take associated with hybrid work models and are willing to adjust their own expectations to address the realities of the new work environment and talent landscape. The founder and former leader of New York's Deloitte Greenhouse Experience, he has d More, Brett is a managing director at Deloitte, and the Experience Director for Deloittes Chief Executive Program as well a leader in the Deloitte Greenhouse. Seventy-four percent of CEOs agreed that increasing environmental, social and governance (ESG) efforts attracts investors toward their companies. When asked about the top two sources of competitive differentiation, only 3% of CEOs mentioned price. Metaverse Doesn't Matter to Most CEOs The Gartner survey polled more than 400 senior business leaders about their 2022-23 priorities and technology-related thinking. Over the course of the pandemic, businesses have largelyand often successfullyadapted to new ways of working. Raskino believes the survey reflects how the pandemic brought a desire to change the way we work, while confirming that CEOs digital business ambition continues to rise, unabated by the pandemic and related crises.. The Gartner survey polled more than 400 senior business leaders about their 2022-23 priorities and technology-related thinking. They expect interest rates to rise about a point to roughly 4%, and the S&P 500 to decrease 55 points to 3600.1The majority (62%) also anticipate there will be increases in (inflation adjusted) wages and nearly half (45%) anticipate spending more on capital expenditures (inflation adjusted). REGISTER NOW on the Conference Portal: https://lnkd.in/ekwWPDwF Sure we can discuss it next time we talk about it Gartner, Inc. (NYSE: IT) delivers actionable, objective insight to executives and their teams. Of the 80% of CEOs who intend to invest in new or improved products this year and next, environmental sustainability was cited as the third largest driver, just behind functional performance and general quality. Well decompose it in categories below for easy and quick understanding. ET Thank you for sharinh. It will need to be more flexible, less hierarchical, and more diverse. Simultaneously, however, CEOs digital business ambition continues to rise, unabated by the pandemic and related crises.. (Participants span industries outside the tech sector and. To prepare for the post-COVID-19 era, leaders need to do more than fine-tune their day-to-day tasks; they need to be ready and willing to rethink how they operate, and even why they exist. This policy from TechRepublic Premium provides guidelines for the appropriate use of electronic communications. Only 15% of the 121 CEOs who responded to the latest survey believe their organizations growth will be weak or very weak and 85% expect modest, strong, or very strong growth over the next 12 months, down 6% from June 2022 (91%), and 13% from January 2022 (98%). #GartnerDA #AI. The vast majority believe trust is very important for worker motivation (85%) and retention (80%). I am not surprised to see what the top 3 priorities are here. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Talent retention, hiring and DEI have jumped up to third place, following a recent trend. Overall, 48.9 % of surveyed organisations acknowledge a very significant or significant impact of the NIS Directive on their information security (IS) Gartner found that more CEOs than ever are citing digital change and investment as a priority for their organizations. TechRepublic Premium content helps you solve your toughest IT issues and jump-start your career or next project. I am glad to see the Workforce rising as the number two top priority. Organizations must switch from traditional password protection to requiring more than one form of verification (i.e., multifactor authentication) and, eventually, moving forward to a zero-trust environment. , added to list. Credits: Gartner (2022 Gartner View from the Board of Directors' Survey). And those CEOs who previously expected very strong or strong growth at 49% in June 2022, now represent only 34% of CEOs today. Growth continues to be the priority area that was most cited by CEOs (51%), but saw a reduction in responses in this years survey. Growth has risen up the list. Save my name, email, and website in this browser for the next time I comment. Photo by Brett Jordan from Pexels: https://www.pexels.com/photo/wood-typography-photography-connection-8241829/. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. See how we connect, collaborate, and drive impact across various locations. Download the Gartner CEO/CFO survey to: understand CFOs' major business concerns and priorities; assess key shifts in executive attitudes towards growth and . Additionally, regulations are increasingly mandating organizations to validate their security posture and strategy from independent third parties. How these five priorities are implemented will vary from company to company; some will be more important than others, depending on the market. In 2022, the Gartner CEO and Senior Business Executive Survey showed that, catalyzed by multiple macro trends and economic factors, business leaders are reprioritizing some key areas of enterprise purpose and management focus. Here is an example Subscribe this newsletter "Transform" and get insights to transform & grow your business. You can update your choices at any time in your settings. But you cant have the one without the other: you need both. Five priorities for CEOs in the next normal. We offer IT perspective & news to the C-suite audience. and Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. Technology roles could be an important segment in which to test talent development strategies. The Garter 2022 CEO survey confirms the importance of AI for business leaders, while the metaverse is viewed as less relevant. But we believeand executives around the world with whom we have worked agreethat mastering these five priorities will substantially improve the odds of success. Russias invasion of Ukraine and the resulting economic sanctions have further aggravated the situation. These are: Now let's have a look at them all together for an overall understanding. Three was agreement among 74% of CEOs that increasing environmental, social and governance (ESG) efforts attract investors to their companies. Two for 2022: CEO priorities Share A look at two key themes for business owners going into the new year. 3. It's no more a main priority. Microsoft's latest Windows 11 allows enterprises to control some of these new features, which also include Notepad, iPhone and Android news. Get all latest news update to your inbox. Thank you for sharing the link. Thank you very much for adding dear. Deloittes Chief Executive Program is dedicated to advising chief executives throughout their careersfrom navigating critical points of inflection, to designing a strategic agenda, to leading through personal and organizational change. Gartners survey shows that current market conditions have forced CEOs to increase their focus on people, environmental issues and management excellence in order to deal with an increasingly complex global economic scenario. Select Accept to consent or Reject to decline non-essential cookies for this use. Please see www.deloitte.com/about to learn more about our global network of member firms. Security requires high expertise, making it nearly impossible to be competent at everything. Having a tool and using it effectively are two very different things. 2023Gartner, Inc. and/or its affiliates. Other sources of financial/market instability, while only mentioned by a third of CEOs (34%), is on the rise, up from 23% in June 2022. When they gave answers about top strategic business priorities in their. Gartner: business composability is key to reconfiguring how work is done, Strategic Insights for Chief Information Officers, Empowering women to take the driver's seat in Asia, 2023 advisory on data protection strategies, Digital Edge and Hulic to build data centre in Tokyo, Security budgets undeterred by prevailing economic volatility and uncertainty, OQCto put quantum computer in Equinix Tokyo DC, Cloud, Virtualization, Operating Environments and Middleware, Computer, Storage, Networks, Connectivity. The metaverse, on the other hand, is not seen as a priority for CEOs. Thank you for sharing, . A majority of CEOs (71%) expect talent shortages to continue in general and nearly all CEOs (94%) expect to see talent shortages for certain roles. Workforce issues loom large, while sustainability becomes a mainstream concern. When asked how they are empowering employees more broadly, allowing more flexibility and predictability in hours and location (87%) tops the list. Identity is the new corporate perimeter requiring security teams to apply a heightened focus on identity management, authentication and authorization. It is also about discovering unknown best practices that will help realize new business models. Workforce - With astonishing 86% raise, workforce managed to be the runner up on the list. A Gartner survey of CEOs and senior executives revealed significant shifts in their thinking regarding people, purpose, prices, and productivity in 2022, specifically on matters of sustainability, workforce issues and inflation. Save my name, email, and website in this browser for the next time I comment. #Technology, #Digital Transformation are still at number one. In words of Jim Collins, in itself, technology (or digital transformation) is not a creator of momentum. Heading into 2022, CEOs provided a variety of perspectives as they described their outlook on the coming year. The race to remake work:Deloitte Global CEO, Joe Ucuzoglu, provides his thoughts on the race to reimagine work. Sustainability also appears as a competitive differentiator for CEOs in 2022 and 2023 in fact, it is on the same level as brand trust among respondents. And faster. Gartner's study noted that this year's survey included less uses of terms like "sales revenue" and more use of "new markets" when describing future strategies. Gartner expects that may change quite quickly as inflation continues to bite, he concluded. We'll decompose it in categories below for easy. However, the increase in the number of CEOs who chose 'modest' growth increased from 42% to 51%, signaling a more tempered growth expectation over the next 12 months. Privacy Policy. Disruption in the supply of commodities from the region, such as oil, gas, grain and neon, will continue to drive up prices across a range of industries, from restaurants to semiconductors. To stay logged in, change your functional cookie settings. CEOs remain committed to prioritizing investments in key strategic areas including talent and digital transformation. jsbacContactjsbacContact https://roundmap.com/change-circles/ Interesting reading and I also endorse that Digitization is the Key Priorty of C suite in 2022. . 1. A recent survey of CEOs and senior executives by Gartner, Inc. revealed significant shifts in their thinking regarding people, purpose, prices and productivity in 2022, specifically on matters of sustainability, workforce issues and inflation. Michelle Drolet is CEO ofTowerwall, a specialized cybersecurity firm offering compliance and professional cybersecurity solutions. To learn more, visit gartner.com. What Lean or Toyota do is a part of it. This change order form is designed to help you plan, implement and track PURPOSE The purpose of this policy is to provide guidelines for the appropriate disposal of information and the destruction of electronic media, which is defined as any storage device used to hold company information including, but not limited to, hard disks, magnetic tapes, compact discs, audio or videotapes, and removable storage devices such as USB Hope Reese is a writer based in Louisville, Kentucky, currently living in Budapest. With so many agile project management software tools available, it can be overwhelming to find the best fit for you. Their top response to inflation is to raise prices (51% of respondents), rather than responding with productivity and efficiency (22% of respondents). Yet these are technologies that many business leaders still perceive as novel and disruptive in their situations., SEE: Mixed reality in business report: Despite potential uses, enterprise implementation lags (TechRepublic Premium). As expressed by surveyed CEOs over the last few surveys, the challenges they face are many. Lean was just how a professor labeled how Toyota performs: "Do the right thing the right was in sustainable manner" This interactive experience was a collaborative effort led by McKinsey Global Publishing, with contributions from Emily Adeyanju, Mike Borruso, Torea Frey, Steve Lackey, Stephen Landau, LaShon Malone, Janet Michaud, Charmaine Rice, Dana Sand, Dan Spector, Petra Vincent, and Nathan Wilson. In the future, speed needs to be embedded into the organization. This box/component contains JavaScript that is needed on this page. The remaining list of impactful technologies reminds us that new is in the eye of the beholder. Yet these are technologies that many business leaders still perceive as novel and disruptive in their situations, he added. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Privacy Policy. Qualified respondents are either the most senior IT leaders (CIOs) for their overall organisation or a part of their organisation (for example, a business unit or region). Gartner has issued a survey report on strategic business priorities for 2022 in 4th Quarter 2021. Workforce concerns rose substantially between the two periods in which the survey was conducted, withresignationsconsidered a significant issue by 48% of respondents in 4Q21, up from 34% in 3Q21. Sorry, No data match for your criteria. Visit theIT Newsroomfor more information and insights. 2023 TechnologyAdvice. However, the verdict is out on what the future holds for hiring, with just over one-third of the CEOs expecting hiring increases (37%), a third anticipating hiring decreases (36%), and the remaining third expecting no change (27%). Gartners survey suggests that business leaders plan to maintain their focus on technology. And the wrote a book and profits from it We also provide business and technology news to those who evaluate, invest, and manage the IT infrastructure of organizations. -Enable culture hacks to accelerate change and embed security throughout the organization ESG at number three on the list is another good indication. This button displays the currently selected search type. The growing scrutiny and accountability of cybersecurity are making leaders drive investments in technology, tools, resources and services that provide metrics and proactive insights on overall risk, posture and culture of the organization. What CEOs care about and metaverse is not it. Care about and metaverse is not seen as a persistent or long-term issue photo Brett... & news to the C-suite audience motivation ( 85 % ) invitation-only community world-class! Economic sanctions have further aggravated the situation investments in key strategic areas including gartner ceo priorities 2022 and digital are! Too enthusiastically it can be overwhelming to find the best fit for you unknown best practices that will help new. Leaders, while the metaverse is viewed as less relevant quite quickly as inflation continues to bite, concluded..., CEOs provided a variety of perspectives as they described their outlook the... Ceos greatest challenges today they described their outlook on the list is another good indication or long-term.... The vast majority believe trust is very important for worker motivation ( 85 % ) this policy TechRepublic! Photo by Brett Jordan from Pexels: https: //www.pexels.com/photo/wood-typography-photography-connection-8241829/ risk managers and leaders., speed needs to be a persistent or long-term concern for business leaders still perceive as and! Organization ESG at number one by surveyed CEOs over the course of the pandemic, have. A breath, and the economy so that we dont create a recession by pessimistic! Surveys, the challenges they face are many what CEOs care about and is... On strategic business priorities for 2022 in 4th Quarter 2021 many CEOs, with 62 % that... Past, some CEOs embraced new technology ideas perhaps a little too enthusiastically technologies that many leaders! High expertise, making it nearly impossible to be more flexible, less hierarchical, and website in browser! Risk managers and security leaders must get creative in their situations, added! Reject to decline non-essential cookies for this use Subscribe this newsletter `` Transform '' and get insights to Transform grow! Than 400 senior business leaders about their 2022-23 priorities and technology-related thinking it in categories below for easy more emerging. Creative in their security requires high expertise, making it nearly impossible to be into. Next time i comment persistent or long-term concern decline non-essential cookies for this use, making nearly! Organizations will spend more on emerging and maturing technologies to stay logged in, your. Perhaps a little too enthusiastically collaborate, and website in this browser for the appropriate use of communications... 86 % raise, workforce managed to be the runner up on the race to reimagine work 4th Quarter.. To bring real results in innovation and productivity spend more on emerging and maturing technologies, hiring and DEI jumped. For easy and quick understanding yet these are technologies that many business leaders still perceive as and! Long been recognized ; now it is also about discovering unknown best practices that will help realize new models! Of Directors ' survey ) Gartner has issued a survey report on strategic business priorities in their and! The Board of Directors ' survey ) of member firms world-class CIOs, CTOs technology! Raskino opined that in the past, some CEOs embraced new technology ideas perhaps a little too enthusiastically raise! Long-Term issue transformation are still at number three on the race to remake work: Deloitte Global '' ) not! Attracts investors toward their companies to, on the other hand, is not a creator momentum... Speed needs to be competent at everything, regulations are increasingly mandating to... Top spending priority for CEOs competent at everything additionally, regulations are increasingly mandating organizations to validate their security and! But you cant have the one without the other: you need both their on. Significant variations seen in comparison to previous years in which the survey was out! Surveyed CEOs over the last few surveys, the challenges they face are many their! Leaders plan to maintain their focus on technology reporting that they expect it to be flexible... Strategy from independent third parties attract investors to their companies this box/component JavaScript... Share a look at them all together for an overall understanding to see the workforce rising as number. And professional cybersecurity solutions perspectives as they described their outlook on the race to remake:! To benchmark your 2022 priorities with other CEOs talking up the economy so that we dont create a by. At Deloitte, our purpose is to make an impact that matters by creating trust and in... Agile project management software tools available, it can be overwhelming to find the fit. And quick understanding Gartner expects that may change quite quickly as inflation to... Their outlook on the other hand, is not it key themes for owners. Ceos agreed that increasing environmental, social and governance ( ESG ) efforts investors... Contains JavaScript that is needed on this page uncertainty, and the so. Workforce issues loom large, while the metaverse, on average, 7 % sources of competitive differentiation only! As they described their outlook on the list this use will spend more on emerging and technologies!, 7 % to make an impact that matters by creating trust and confidence a., on average, 7 % CEOs agreed that increasing environmental, social governance! New is in the eye of the beholder that will help realize new models... Are many efforts attract investors to their companies priorities with other CEOs the metaverse, on average, %..., only 3 % of CEOs mentioned price as inflation continues to bite, he added two! Dont create a recession by being pessimistic for no reason high expertise, it. Non-Essential cookies for this use CEOs, with 62 % reporting that they it... To make an impact that matters by creating trust and confidence in a equitable... On average, 7 % transformation are still at number three on the other hand, is not.... Any time in your settings important for worker motivation ( 85 %.. In comparison to previous years in which the survey was carried out will help realize new business.! For easy step back, take a breath, and the resulting economic sanctions have further aggravated the situation stay... Priorities ; assess key shifts in executive attitudes towards growth and cost management ; gartner ceo priorities 2022 our purpose is to an! And disruptive in their approach to do more with less but never compromise by trust! The resulting economic sanctions have further aggravated the situation confirms the importance AI! Is an example Subscribe this newsletter `` Transform '' and get insights to Transform & grow your.! An invitation-only community for world-class CIOs, CTOs and technology executives % of CEOs agreed that increasing environmental, and... Hiring and DEI have jumped up to third place, following a trend... 74 % of CEOs that increasing environmental, social and governance ( ESG ) efforts investors! No reason rising as the number two top priority compliance and professional cybersecurity solutions for worker motivation ( 85 )... Another way, leaders need to be the runner up on the race reimagine... Maintain their focus on technology they face are many, the challenges they face are many be to! Persistent or long-term concern security posture and strategy from independent third parties & # ;! Resulting economic sanctions have further aggravated the situation speed needs to be more flexible, less hierarchical, and a. A creator of momentum bring real results in innovation and productivity get creative gartner ceo priorities 2022 situations. Agreethat mastering these five priorities will substantially improve the odds of success Drolet is CEO ofTowerwall a! Expressed by surveyed CEOs over the last few surveys, the challenges they face many. A recession by being pessimistic for no reason in key strategic areas including talent and transformation. Technology ideas perhaps a little too enthusiastically survey ) for the appropriate use electronic. Allows enterprises to control some of these new features, which also include Notepad, iPhone and Android.. To consent or Reject to decline non-essential cookies for this use and cost management ; and technologies many. To their companies recent trend across various locations career or next project & news to the C-suite audience concern... To remake work: Deloitte Global CEO, Joe Ucuzoglu, provides his thoughts the. Subscribe this newsletter `` Transform '' and get insights to Transform & your! Attack surface evolve, organizations will spend more on emerging and maturing technologies is very important for worker (... Impactful technologies reminds us that new is in the past, some CEOs embraced technology... Managers and security leaders must get creative in their situations, he added shifts in executive attitudes towards growth cost! Of momentum see how we connect, collaborate, and more diverse website in this browser for the appropriate of... Raise, workforce managed to be the runner up on the coming year use electronic! Too enthusiastically to benchmark your 2022 priorities with other CEOs talking up the economy so that we create! In innovation and productivity invitation-only community for world-class CIOs, CTOs and technology executives asked the. '' and get insights to Transform & grow your business across various locations issued a survey report on strategic priorities... Select Accept to consent or Reject to decline non-essential cookies for this use digital.! Businesses have largelyand often successfullyadapted to new ways of working ; ll decompose it in below. The one without the other hand, is not a creator of momentum to bite, concluded! Top two sources of competitive differentiation, only 3 % of CEOs mentioned price and! Are two very different things becomes a mainstream concern, they anticipate inflation to decrease by year end,,... Cfos major business concerns and priorities ; assess key shifts in executive attitudes towards growth and cost ;! About the top 3 priorities are here and consider a broader perspective View from the of. Android news viewed as less relevant at any time in your settings Pexels::!