Put down your crystal ball … and get ready for 2023

Rebecca Watson Date published: Dec 22, 22

Oh, for a crystal ball! If only we knew what was coming, we’d be in a much better position to prepare, right? Uncertainty is said to be the enemy of many things – investment, commerce and even wellbeing.

But those carnival fortune-tellers, gazing into their misty crystal balls, only give you one version of that future, one that could be interpreted in many ways. In truth - if you’ll pardon the pun – what we actually need is a clear view of the landscape, a vista of the coming year, through which we can plot a route.

This was the motivation behind the research that went into our 2023 predictions report. From speaking to customers across all of the sectors we support, there was a clear desire for that horizon-scanning and clarity on what we might need to be ready for in the coming year.

Not all regulation and legislation is relevant to everyone – there are nuances that are specific to industry and geography. But through the process of our research we found that there are eight key themes that are likely to impact all regulated or high-compliance industries in the months ahead and if organisations are on top of, or considering these in their operations, they’ll be better set up for success.

So many of those themes are about people and behaviours. 2022 was another tumultuous year, it hit some businesses hard. 2023 will see more of the same but success (or survival) will depend on how well businesses equip their people to manage the changing environment.

And it’s all within the realms of the possible. With a clear view of that landscape, a map of the possible hazards, we can plan and circumnavigate the potential challenges, some which include:

• Criminals exploiting employees’ personal financial vulnerability to access critical organisational systems or commit fraud
• Weak BYOD (bring your own device) policies that are already seeing regulators and legislators taking action in the form of fines
• Standards bodies taking a dim view of ‘box ticking’ – demanding a dynamic approach to risk management
• Quiet Quitting or ‘working to rule’ continuing through 2023, which will impact productivity if not managed properly
• Tighter controls or higher penalties for ‘greenwashing’ ESG claims
• And perhaps most importantly, the agility of people and systems will matter more than resilience

We don’t need you to cross our palm with silver, our report is free! And to help businesses further, we’ll be holding a series of webinars in the New Year where we dive deeper into these topics with industry experts.

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Get ahead of the curve and take a look at our 2023 predictions report.

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