The data we generate, store, and share is growing exponentially as the world inexorably digitizes. With the global data sphere expected to double in size by 2026 as organizations and consumers increasingly go online, automate, and digitize processes, the right tools are required to mine this massive trove of valuable data coming from a widening and diverse pool of sources globally. The competitive edge gained by rapidly converting complex data into business insights is a crucial growth driver.
Business priorities, and therefore people priorities, are shifting at a pace like never before thanks to increasing interest rates, energy prices, political uncertainty, global supply constraints, and issues finding and funding expensive talent. People and HR leaders are going to be under considerable pressure to adapt and evolve quickly throughout 2023 in order to support their CEO’s much bigger focus on the workforce.
It’s been a rollercoaster ride for everyone over the last few years, with particular pressure on Chief Financial Officers (CFOs) to support CEOs steering their organizations through things none of us expected to experience in our lifetime. Unfortunately, with the financial markets going into turmoil over the last few months and consumers of all shapes and sizes starting to cut back on spending, the uncertainty isn’t going to stop anytime soon.