Economic headwinds seem to be gathering for business in general and for the technology industry specifically. But there are many regulatory incentives that may spur innovation and growth in 2023 and beyond. To survive and thrive, technology companies should rededicate their efforts to improving supply operations, modernizing infrastructure, and leveraging growth opportunities.
The technology industry has not just weathered the pandemic-driven disruptions of the past few years; it has flourished. The crisis thrust many organizations into the future, accelerating digital transformation and changing work models dramatically. But in 2023, the tech industry will likely continue to grapple with issues around supply chains, workforce, and innovation—now exacerbated by considerable macroeconomic and global uncertainties.
While tech stocks outperformed during the pandemic pressures of 2020–21, the sector led considerable stock market declines in 2022. A major challenge now for tech companies is how to weather a potential economic slowdown by trimming costs, increasing efficiency, and growing revenues. At the same time, many are likely looking for ways to remain innovative and build a strong competitive position for the future.
Some of the specific themes we see playing a critical role in 2023 and beyond include:
Download the full report to learn more about the impacts of technology industry trends, key actions to take, and critical questions to ask.