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The 2020s are well on their way to earning the ominous label of a troubling, disruptive decade, but there remain viable opportunities amid the challenges.
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The response to the pandemic from organisations can be classified into multiple phases. In the first phase, business leaders scrambled to equip teams for remote work. Later, ad hoc groups sprang up to devise return-to-office (RTO) plans. Soon after, many recognised they’d have to optimise tools and processes for remote collaboration that would last months longer than they had anticipated.
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In coding, libraries make developers’ lives easier, sparing them thousands of lines of code, while also increasing performance and security. And everyone’s concerned with security as fault-tolerant quantum computing approaches.
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In today’s rapidly evolving business world, the lines between technology and business have blurred. Organisations need to modernise and transform their technology in order to successfully compete. CIOs play a critical role in transforming the world of work using automation and technology – but they can’t do it alone. Collaboration among the C-suite is critical.
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In coding, libraries make developers’ lives easier, sparing them thousands of lines of code, while also increasing performance and security. And everyone’s concerned with security as fault-tolerant quantum computing approaches.
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As a term in business, “agile” is typically used to refer to a project management methodology, especially for software development. But there is a different, more strategic connotation of agility that merits close attention by boards as markets evolve.
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As governments across the globe, including the EU, US, Canada, UK, Japan, Singapore and more, have imposed sanctions on Russia, with promises of additional action if Russia persists with its war on Ukraine, financial institutions and their customers are forced to review their trade and commodities transactions involving Russia to assess their legal and reputation risk.
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Key takeaways
A key theme within the top risks for both 2022 and 2031 is the future of work – the workplace, talent acquisition, retention and succession.
The future of work cannot form by accident – organisations must plan now for the cultures they want.
The need for resilience and agility in addressing future of work issues is
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As finance leaders collaborate with their business partners to adjust plans in the face of economic headwinds, they should take a moment to reflect on the state of their financial planning capabilities: Are financial plans adequately linked to business strategies? Does finance sufficiently partner with cross-functional teams? Are processes automated enough?
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Companies are seeking innovative ways to address today’s finance and accounting challenges. Unforeseen issues, transaction backlogs, and one-time events that demand a rapid response drive this search for new approaches. Finance leaders now operate with leaner staffs. Often, just enough resources are on board to meet routine business needs.
