Organisations are uncertain about how 2023 will shape up for them, amidst concerns about recessions, supply chain uncertainties, continued geopolitical volatility, energy crisis, and labour disruptions. At the same time, they have to continue to evolve their products and services, the customer experiences they deliver, and overall brand image.
If you are a tech leader, your first instinct would be to cut down on technology spend to align with your organisation’s cost optimisation strategy. And that is where you would make the first mistake – this is the time to invest in the right technologies to help your organisation face the uncertainties with agility.
Here are 5 things that you should keep in mind when shaping your organisation’s tech landscape in 2023.
- Focus on the shortest time to value. Choose a few smart digital improvements that are aligned with the strategic goals of the business and deliver value quickly.
- Drive better corporate outcomes through Sustainability programs. The transition to smart and sustainable digital assets and infrastructure should be a top priority for today’s technology leaders.
- Build resilience by improving value chain visibility. Digital technologies will continue to play an important role in providing visibility and insights across the value chains for risk management and resilience.
- Treat location data as a feedstock for AI & Automation. With the increasing importance of automation, especially to contemporary service models like digital twins and metaverse, incorporating spatial and location data into your strategy is essential for staying ahead of the competition and driving meaningful business outcomes.
- Find allies against cyber adversaries. Join the cybersecurity communities that exist in your geography and industry. Participate openly as possible so that lessons are shared quickly and widely. Don’t try to defeat the flood on your own.
Read on to find more.
Download Making the Right Tech Decisions for Better Value as a PDF
Ecosystm and Bitstamp, conducted an invitation-only Executive ThinkTank at the Point Zero Forum in Zurich. A select group of regulators and senior leaders from financial institutions from across the globe came together to share their insights and experiences on Decentralised Finance (DeFi), innovations in the industry, and the outlook for the future.
Here are the 5 key takeaways from the ThinkTank.
- Regulators: Perception vs. Reality. Regulators are generally perceived as having a bias against innovations in the Financial Services industry. In reality, they want to encourage innovation, and the industry players welcome these regulations as guardrails against unscrupulous practices.
- Institutional Players’ Interest in DeFi. Many institutional players are interested in DeFi to enable the smooth running of processes and products and to reduce costs. It is being evaluated in areas such as lending, borrowing, and insurance.
- Evolving Traditional Regulations. In a DeFi world, participants and actors are connected by technology. Hence, setting the framework and imposing good practices when building projects will be critical. Regulations need to find the right balance between flexibility and rigidity.
- The Importance of a Digital Asset Listing Framework. There has been a long debate on who should be the gatekeeper of digital asset listings. From a regulator’s perspective, the liability of projects needs to shift from the consumer to the project and the gatekeeper.
- A Simplified Disclosure Document. Major players are willing to work with regulators to develop a simple disclosure document that describes the project for end-users or investors.
Read below to find out more.
Download Pathways for Aligning Innovation and Regulation in a DeFi World as a PDF
