The opportunities associated with the technology that has captured the attention of businesses in recent times are finally starting to emerge – which is good news for the global economy in 2023.
The exciting part is as this technology has advanced, the opportunities it offers businesses now exceed the number of challenges.
The conversations around tech like blockchain, central bank digital currencies and other digital assets have shifted over the past 12 months as the capabilities they offer mature. The future is finally here.
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This development of tech is one of a handful of key themes I expect to see dominate 2023 when it comes to businesses and technology. Another is the importance of talent, including both attraction and retention, which I expect to continue to grow in importance in the New Year.
The critical nature of risk management will also grow, whether underlying tech risk like cybercrime or operational risk.
There will be many in 2023, but each will ultimately boil down to the complex relationship businesses must balance between ideas, prioritisation and execution. The more a business can balance these three, the better chance it has of overcoming those challenges.
The economic and geopolitical factors that have shaped an unprecedented period for business around the world are not going anywhere soon.
As 2023 looms, large organisations face a cocktail of influences impacting the way they do business: rapid digitisation, shifting supply chains, geopolitical uncertainty, and the ongoing impacts of the COVID-19 pandemic.
At ANZ Institutional, we know our customers are looking to position themselves to take advantage of these forces.
As part of our Outlook 2023 series, we’re asking our subject-matter experts to provide insights in a range of complex areas from across more than 30 markets – helping you better understand how you can prepare for the New Year. We’ll be sharing the responses with you over the coming weeks.
Sreeram Iyer is COO, International at ANZ institutional
