CIO 2020 Predictions: 10 disruptive predictions in an overhyped world!
By 2025, the CEO, CIO, and CXO partnership team must exploit the digital power of enterprise innovation with disruptive technologies, especially AI and ML technology.
Here are ten critical disruptive technology predictions for 2020 CIO strategic planning!
CEO / CIO / CXO partnership teams need to plan and wait for the proper maturity of new technology and execute just in time to prevent enterprise program failures and wasted money and resources. CIOs will face a challenging time over the next five years with disruptive technology planning and timing.
Adapt wisely or die before 2025. Enterprises must be able to dynamically change their business strategies, operating processes, technical algorithms, and supporting platforms. And they need to execute it, not just prepare to do it.
Enterprise leaders must be able to observe, orient, decide and act to change business strategy in real-time (OODA.) They also need to apply when matured with appropriate risks and rewards:
- Tools like Robotic Process Automation (RPA) to address tactical process deficiencies that aggregate into strategy failures.
- AI/ML – entirely new algorithms and data which enable entirely new classes of application and decision making.
- Multicloud platforms to support the range and complexity of workloads in modern enterprises.
- Cybersecurity – new cybersecurity strategy models are needed to defend against rapid further attacks and cyberwarfare exfoliation at any organization with high-value assets. This risk applies to major cloud service providers, where attacks can lead to widespread disruptions and potentially economic dislocations.
Here is what you need to know for 2020
There are so many overhyped technologies in 2020 that CIOs need to provide strong leadership for strategic planning with the CXO leadership team. General AI, ML, open blockchain, and RPA solutions, to name a few, are still in their early maturity stages. The results are limited and at a very high cost and risks, but they show tremendous promise in the near years.
2020 is the year for mainstream digital enterprise planning and adoption. IDC research forecasts 52% of global GDP growth and uptake in digitally transformed enterprises in 2020. CIOs’ leadership roles enable their enterprise business models to change appropriately to be relevant for survival in 2023. Strategic plans must align business units’ initiatives to be digital enterprise-focused. These digital opportunities will be substantial financial bets for corporations and government/military organizations. CIOs need to redirect past efforts from cost-cutting and targeted efficiencies. CIOs using this old productivity and efficiency playbook will fail to be successful at contributing to business growth during this transitional period of the next three to five years. The focus is on digital industry supremacy!
Annual enterprise workforce transformations are the new norm with disruptive technologies. CIOs must support the digital enterprise transformation with disruptive technology to help their organizations transform to meet customer expectations and reshape workforce experiences. “AI-enabled” must be built into the strategic plan for future enterprise adoption. The customer and the workforce must have accurate and high-value predictive technology. Currently, AI projects have a high rate of failures.
By 2025, the CIO and CXO partnership team must exploit the digital power of enterprise innovation with disruptive technologies, especially AI and ML technology. Large global organizations – both commercial and government/military are first up with deep financial resources and the ability to take on high-risk projects. It must yield real enterprise revenue growth and digital leadership or government mission advancement.
With the adoption of these critical technologies such as AI, ML, Multicloud, and RPA, CIOs must be careful not to allow advocates of disruptive technologies to override the cybersecurity precautions and standards that are necessary when introducing any new technology into the enterprise architecture. Cybersecurity and Digital First work together!
To help position CEO and CIO planning, here are the top critical 2020 to 2025 disruption predictions:
- AI and ML are the backbones of digital enterprise transformation strategies that are essential to remaining competitive. These technologies will not deliver ROI for many enterprises before 2025.
- Blockchain technology should be rapidly adopted by over 25% of digital transfers of value assets by 2025.
- Cyber-attacks and cyber warfare incidents involving data-rich industry-leading cloud service providers will increase by more than 40% by 2025.
- Digital enterprise transformation programs will continue with a rate of over 60% failures, substantial cost overruns, business scope reductions, and low ROI by 2025.
- Higher Ed virtual degrees and professional skill-based certifications will continue at a rapid pace growth rate of over 50% for each student’s customized just-in-time career needs by 2024. Advanced certifications are more critical than more degrees in 2020!
- Mobile users will increase cryptocurrency adoption with decentralized open blockchain using big tech, fintech, governments, and other institution solutions by 30% by 2025.
- Multicloud adoption rate, including hybrid cloud rollup, will exceed 90% in business, government, and military/DoD strategic plans by 2025.
- People-Focus First! over Data First! Enterprise Data Strategies require AI algorithms with people-focus use cases for adoption to create new precision customer services.
- Quantum computing cloud-based services will be more successful in developing and shaping real-world use cases and leadership positions while increasing major cybersecurity data breaches by 2025 and beyond.
- Workforce transformations – people, skills, and technologies – will be a continuous enterprise program driven by new agile demand in AI, ML, and digital learning by 2023.
CIOs who provide the right insights, people skills, and timing of disruptive technologies over the next three to five years with a focus on cybersecurity will be in high demand for successful digital enterprises going forward in 2020.
Copyright @ 2019 HAWALD ADVISORY, LLC. DISCLAIMER: This article is entirely my opinion without financial payments. Research note credits: Peer review by Tom Austin and Dr. French Caldwell. The image is by pixabay.com. Member of The Analyst Syndicate.