“The global pandemic opened an ocean of opportunities, disruption and chaos for CIOs and IT leaders. Businesses cannot go back to their previous state from here on.”

“Different types of manufacturing react to market signals differently - industrial manufacturing’s response is different than that of consumer goods or retail manufacturers. It is similar but not same.”

“CEOs of industrial as well as CG/retail manufacturing consider growth to be their top priority, followed by finance, corporate, technology and workforce for the next two years.” 

“According to the Gartner 2021 CEO and Business Executive Survey, 71% of industrial manufacturing CEOs will increase their investment in research and development, and 38% industrial manufacturing CEOs will decrease their investment in properties/facilities.”

“Over 65% of manufacturing technology users confirm that they experience digital friction once or more per week, which contributes to almost 150 annual hours wasted, according to the Gartner 2020 Digital Friction Survey.”

“According to the 2022 CIO and Technology Executive Survey by Gartner, the manufacturing sector lacks highly composable businesses.”

By 2024, 30% of corporate teams will be without a boss due to the self-directed and hybrid nature of work. “Work is becoming much more remote, teams are becoming much more autonomous and the idea of a boss is becoming less helpful.”

By 2025, synthetic data will reduce personal customer data collection, avoiding 70% of privacy violation sanctions. “Synthetic data can create patterns of information that doesn’t require looking at any given individual’s information.”

By 2024, a cyberattack will so damage critical infrastructure that a member of the G20 will reciprocate with a declared physical attack. “Cyberattacks are increasing, the impact per attack is growing, and the critical infrastructure is what’s being targeted now.”

By 2024, 80% of CIOs surveyed will list modular business redesign, through composability, as a top 5 reason for accelerated business performance. “When we survey CIOs, they tell us that they want to be more agile. To do that, you need to be composable.”

Learn about five additional top predictions and more about each trend in the associated Gartner press release.

“Boards are increasingly concerned about the risks from social polarization as society gets more divided about issues like the environment and diversity, equity and inclusion (DEI).”

“Boards are now amending their risk appetite to take this new—and for many, unfamiliar—risk, and factor it into their digital acceleration strategy and investments.”

“Economic uncertainty continues to be the biggest source of risk that Boards are concerned about.”

“Digital business remains the top priority for BoDs. This is broader than just IT, encompassing the landscape of technologies like artificial intelligence (AI), 3D printing, AR/VR and blockchain.”

“The workforce becomes a significant challenge as companies increase their digital acceleration. IT and HR will be at center stage for Boards focusing on workforce, whether it’s retention, training, hiring or partnerships.”

“For executive leaders looking to align with Board priorities, look at three areas that have become a massive focus: workforce; environmental, social and governance; (ESG) and risk management.”

See more key findings from the 2022 Gartner Board of Directors Survey in associated Gartner press release.