In 2023, CEO’s priorities have changed and they were concerned with finding a new normal for their people and technology to ensure they future proof their growth aspirations.
As we move on from the COVID preoccupation, it is found that CEO’s priorities are focused on topics such as inflation and declining economic growth, talent skills shortages, cyber security risks and the evolving regulatory compliance and reporting requirements. But possibly one of the CEO’s top priorities moving forward is being able to transform their business to support their long term growth.
Top CEO priorities
While the specific priorities for CEOs and CIOs can vary based on industry, company size, and individual circumstances, here are ten top CEO priorities and CIO priorities in 2024:
Talent Acquisition and Retention
One of the major CEO priorities is to meet a more digitized future. With digital skills in high demand, CEOs and CIOs will prioritize attracting and retaining top technology talent. They will focus on creating a positive work culture, offering competitive compensation packages, and providing professional development opportunities.
CEOs and CIOs will continue to prioritize digital transformation initiatives, leveraging emerging technologies to improve efficiency, enhance customer experiences, and drive innovation within their organizations.
With the increasing frequency and sophistication of cyber threats, CEOs will prioritize cybersecurity to protect their companies’ data, systems, and reputation. This includes implementing robust security measures, conducting regular audits, and investing in employee training.
Regulatory Compliance and Risk Management
Regulatory compliance and risk management are critical for maintaining legal and ethical standards, protecting the organization’s interests, and preserving long-term value.
Agility and flexibility to meet opportunities and business challenges 2024
To accelerate innovation and improve time-to-market, CEOs and CIOs will continue adopting agile development methodologies and DevOps practices. This enables faster software delivery, increased collaboration, and improved quality assurance.
Cloud Adoption and Management
The migration to cloud-based infrastructure and services will remain a priority. CEOs will focus on optimizing cloud usage, selecting appropriate providers, and managing costs while maintaining data security and performance.
Artificial Intelligence and Automation
CEOs will explore opportunities to leverage AI and automation technologies to streamline processes, enhance decision-making, and drive productivity across various aspects of their businesses.
Delivering exceptional customer experiences will be a top priority. CEOs and CIOs will invest in technologies and strategies to understand customer needs, personalize interactions, and improve engagement across all touchpoints.
Business Continuity and Disaster Recovery
The COVID-19 pandemic has underscored the importance of business continuity planning. CEOs and CIOs will prioritize implementing robust disaster recovery strategies to ensure uninterrupted operations in the face of disruptions.
Sustainability and Environmental Responsibility
Increasingly, organizations are prioritizing sustainability and environmental responsibility. CEOs and CIOs will focus on adopting green technologies, reducing carbon footprints, and incorporating sustainable practices into their business strategies.
It’s important to note that the CEO priorities can vary depending on the industry, company goals, and external factors.