With the rise of ChatGPT and other generative AI tools, including Microsoft 365 Copilot, artificial intelligence took the technology space by storm this year. But for businesses to maximize the potential of AI and machine learning, they need to ensure that their data is ready.
So, from adopting AI to building a solid data foundation to transforming employee experience and scaling managed services, here are our best reads of 2023 – to help IT and business leaders optimize SaaS operations, secure collaboration, and accelerate digital workplace transformation in 2024.
“A few years ago, moving to the cloud was considered non-negotiable for business continuity during the pandemic and a prerequisite to fostering innovation. But with only 60% of corporate data hosted on the cloud, it’s clear that the shift still continues.”
“With exponential data growth overwhelming traditional practices, approaches to information management must be modernized to deliver effective outcomes reliably.”
“As more organizations implement this technology into their daily work and into the products and services they offer customers, it’s critical we do so with integrity.”
“Unfortunately, it’s not just storage costs that are on the rise – so is your risk. Holding on to too much information can increase your chance of facing regulatory, operational, or security-related risks.”
“Spurred by pandemic-driven digital transformation, organizations are continuing to create data at an unprecedented rate, resulting in time-consuming tasks, higher storage costs, and greater risks.”
“To stay protected and optimize costs, especially as organizations tap into AI technology, CEOs should encourage their teams to develop the proper information management, governance and security strategies for this critical data.”
“John Peluso, chief product officer at AvePoint, outlines how your organization can empower digital initiatives with the enhanced tools and security guardrails needed to succeed.”
“With 95% of cybersecurity breaches caused by human error, and the average cost of a data breach expected to surpass $5 million in 2023, how can organizations make it easy for employees to work together while at the same time keeping their digital workplace secure?”
“While you can simply ask people to complete tasks for you, you’re also risking the chance of giving overprivileged access that may introduce risks to your environment.”
“Despite the shifting political landscape making it uncertain what new policies might be enacted, the matter of data privacy regulation is not going away.”
“While progress has been made in terms of reporting cybercrime incidents to authorities, there is still much work to be done to improve cybersecurity practices and reduce the risk of falling victim to cybercrime.”
“Many organizations are eager to adopt AI to their business, but to harness the power of this new technology, you must first consider one critical factor: is your data ready for Microsoft 365 Copilot adoption?”
“Operating efficiency is top of mind for tech leaders in 2023. While many organizations have reduced the size of their workforces, and the media has paid great attention to this trend, it is not enough.”
“According to Fortune Business Insights, the global low-code development platform market is projected to grow from about $14 billion in 2021 to $95 billion by 2028.”
“Failed digital transformation oftentimes has nothing to do with technology; rather, it is due to a lack of clarity and commitment to the organization’s purpose.”
“According to Forrester, enhancing employee experience has transcended beyond an HR priority and has become a key IT objective for businesses and technology professionals over the next 12 months.”
“While AI unlocks boundless opportunities, MSPs need to take a prudent approach centered on education and showcasing how AI can be leveraged to add value.”
“For MSPs, this is an opportunity to equip organizations with the right technology and guidance to harness the full power of Copilot to transform their business operations and productivity.”
“Historically, buyers spent 51% of their time meeting with sales reps. That has plunged to just 17% today. The rest of the time is self-education through digital channels – online research, social media, communities, reviews and more.”
“According to Forrester Research, for every dollar an end-customer spends on a Microsoft subscription, there is an additional spending of up to $9 within the partner ecosystem for services and add-ons.”
“As the channel becomes more critical to driving overall revenue for software companies, chief revenue officers (CROs) must keep an eye on how emerging technologies and challenges will impact their partner ecosystems, not just direct customers.”
“With ISV tools, service providers can take the tedious grunt work out of repetitive tasks like system updates and backups. This allows MSP technicians to focus on higher-impact work, including exploring additional solutions for clients.”
Thanks, and See You in 2024!
As we close 2023 and look forward to 2024, it’s clear that the optimization of SaaS operations and the security of collaboration platforms will continue to be pivotal for businesses. IT and business leaders must stay on top of the latest trends, strategies, and best practices – and hopefully, our best reads list helped.
And from all of us here at AvePoint, thank you for a fruitful 2023, and cheers to 2024!
Jose Mendoza is the Manager of Content & Communications at AvePoint. A journalism major, he covers the Employee Experience program and writes about data migration and modernization, digital workplace enablement, workforce training and analytics, and digital transformation. Previously, he directed SEO, social media & content marketing for a leading low-code/no-code software development platform.