What’s Up 2023? Data, AI, C-Suite Leadership and Privacy

The future is here! If you thought 2020 was an eventful year, then get ready for a wild ride in the next 3 years as our world changes drastically. What does 2023 hold for data, AI, C-Suite leadership and privacy? Here are our predictions!

Data

• Organizations will move to 100% digital data. Most companies understand the benefits of digitizing their data, and the pace of conversion will be rapid over the next few years.
• Data analysts will become a hot commodity. Companies will be looking for data analysts to make sense of their digital data, and the demand for this valuable skill set will be staggering.
• AI will replace some routine data tasks. While data analysts will remain valuable, artificial intelligence will quickly become essential in automating some of the repetitive data tasks.

AI

• AI will become more pervasive in everyday life. AI is already used for many tasks, but it will be used for even more tasks – from helping diagnose medical conditions, to providing personalized shopping recommendations.
• AI will start to augment C-Suite decisions. AI will be used to assist executives in their decision-making. AI can help process huge amounts of data and provide real-time insights that will be invaluable.
• Businesses will diversify their AI talent pool. AI requires diverse skill sets – from coding to data analysis – and organizations will start to look for a more well-rounded AI team.

C-Suite Leadership

• Leaders will become more customer-centric. Leadership positions will be held by people with the skills to focus on customer needs, rather than just a technical expertise.
• Managers will become less hierarchical. The traditional top-down structure will become outdated, and companies will start to emphasize collaboration and creative problem solving over top-down management.
• Leaders will focus on collaboration and innovation. Collaboration and innovation will become the driving force of success, as organizations prioritize agility and creativity over siloed departments and rigid processes.

Privacy

• Tech companies will face more regulations. Governments will become more stringent in their regulations around data privacy and consumer protection, and companies will have to comply or face hefty penalties.
• Consumers will demand privacy. Consumers will have a greater understanding of the importance of data privacy and will demand more transparency from companies.
• Data privacy will become a priority. Companies will prioritize data privacy and security, and take proactive steps to protect consumer data.

It’s clear that there will be a lot changing in our world over the next three years! Keep an eye out for all of these exciting changes in the world of data, AI, C-Suite leadership and privacy as we move closer to 2023.