8 IT Challenges That Business Leaders Face in 2024
Navigating IT challenges can be tricky in today’s digital landscape. Faced with a raft of emerging technologies that continuously shift the landscape, IT leaders have to predict the future as well as react to the present.
As we edge into 2024, the difficulties C-suite executives might anticipate already look ominous. The outlook for the global economy remains “uncertain”, but as technology continues behaviours, decisions are becoming more difficult to call.
Tech leaders are in pains over optimisation and flexibility. Strike while the iron is hot, but be prepared to bend when changes are needed. Balancing costs between optimisation and adaptability can put management teams at odds with each other.
So how can IT leaders ensure essential business operations continue without disruption and respond quickly when the business landscape shifts? We have 8 solutions that business leaders can draw inspiration from to help you navigate the IT challenges you are facing in 2024.
Cybersecurity Threats and Data Breaches
IT challenges often involve risks to data security and the integrity of digital assets. Navigating these challenges involves implementing robust cybersecurity measures, data protection strategies, and compliance frameworks to safeguard sensitive information and intellectual property.
Cybersecurity remains a persistent challenge for businesses in 2024. Sophisticated hackers are constantly evolving, with threat actors employing new tactics, techniques, and procedures (TTPs) built on new technologies.
IT leaders are not only faced with the challenge of preventing existing threats but also to predict potential threats and vulnerabilities of emerging technologies.
In recent years, we have seen how threat actors have infiltrated private messenger apps like Microsoft Teams to drop malware. Gift card scams and fake QR codes have also been used to acquire personal data and ill-gotten gains.
Social engineering will remain a troubling issue throughout 2024. Verizon’s 2023 Data Breach Investigations Report (DBIR) demonstrates that cybercriminals are finding new ways to prey on people’s good nature. And with the Internet of Things (IoT) looming large, threat actors have more gateways into the private lives of your employees.
Cloud computing and edge computing also introduce new security challenges and attack surfaces. Business leaders need to assess the security implications of adopting these technologies and implement appropriate security controls.
Data Privacy and Compliance
On the back of IT security headaches, data privacy regulations continue to evolve as well. With stricter compliance requirements for data protection regulations managing and protecting sensitive data is becoming more expensive.
Data protection regulations such as the General Data Protection Regulation (GDPR) and the Data Protection and Digital Information Bill (DPDI) are forcing businesses to implement robust data privacy measures, secure data handling practices, and privacy-enhancing technologies.
However, the UK government has promised business leaders that DPDI will cut down on paperwork and costs involved in cybersecurity. It is estimated the new bill will save UK businesses a staggering £4.7 billion. Believe that when it happens.
In the meantime, IT leaders will need to consider what legal gateways and restrictions are open for you to conduct research, deliver basic business services and develop new technologies. Bear in mind that new bills typically favour corporate innovators and not SMEs that implement the new technologies. Google and Amazon alone could save £4.7 billion.
Cloud Optimisation and Management
Many businesses are undergoing digital transformation initiatives to stay competitive and meet evolving customer demands. With the majority of companies in the cloud, the focus will shift from migration to optimisation.
Cloud computing offers scalability, flexibility, and cost-efficiency, but managing complex cloud environments can be challenging. Integrating legacy systems with modern technologies can make cloud optimisation even more complex and challenging.
Ensuring optimal performance of applications and workloads in the cloud is crucial for delivering a positive user experience. IT teams need to optimise cloud infrastructure, fine-tune configurations, and leverage performance monitoring tools to identify and address performance bottlenecks.
However, managing multiple cloud environments introduces complexity in terms of interoperability, data integration, high availability of systems, consistent security policies and potential vendor lock-in.
Managing performance and expenses effectively requires monitoring resource usage, optimising workload placement, and implementing cost-saving strategies such as reserved instances and rightsizing resources.
IT teams need to implement dynamic scaling policies, auto-scaling mechanisms, and workload placement strategies to optimise resource utilisation.
Automating cloud management tasks and orchestrating workflows across cloud platforms can also improve efficiency and scalability. However, implementing effective automation requires expertise in cloud-native automation tools, infrastructure as code (IaC), and DevOps practices.
Avoiding vendor lock-in and maintaining flexibility in cloud deployments is critical for long-term strategic planning. We recommend IT teams adopt cloud-agnostic architectures, leverage open standards and APIs, and develop contingency plans for migrating workloads between cloud providers.
Remote Work Infrastructure and Hybrid Work Models
The shift to remote work accelerated by the COVID-19 pandemic has become more permanent for many businesses. Managing remote work infrastructure, and ensuring seamless connectivity, collaboration, and cybersecurity for remote and hybrid teams are expected to remain critical IT challenges for business leaders in 2024.
For hybrid work models to become effective, businesses need to invest in flexible work technologies that provide reliable remote access to corporate resources and applications. Ensuring secure and high-performance connectivity for remote employees, especially in distributed environments, requires robust networking solutions and effective bandwidth management.
Managing and integrating multiple collaboration tools and platforms used by remote and hybrid teams can be complex. Ensuring seamless communication and collaboration across different tools while maintaining data security and compliance requires interoperability solutions and user training.
In addition, security measures need to be balanced with user experience. Delivering a positive digital workplace experience for remote and hybrid workers is essential for productivity and engagement.
IT teams need to optimise digital workplace technologies, such as Microsoft virtual desktop, unified communications, and enterprise mobility solutions, to meet user expectations and support flexible work arrangements.
With IoT threats looming large, business leaders also have a tough call to make around employees using personal devices. Managing a diverse array of BYOD devices used by remote employees will require implementing effective device management solutions, enforcing BYOD policies, and ensuring device security compliance are critical for maintaining control over corporate assets and data.
IT Talent Shortage and Skills Gap
The demand for skilled IT professionals continues to outpace the available talent pool. Last year, 93% of UK business leaders reportedly confirmed they have an IT talent shortage and filling the skills gap is a struggle.
As technology evolves, there is a growing need for professionals with specialised skills in areas such as cloud computing, cybersecurity, data science, artificial intelligence (AI), and machine learning (ML).
With organisations competing with each other to attract and retain top IT talent, finding and retaining candidates with the right combination of technical expertise and domain knowledge will be an ongoing challenge over the next few years.
Experienced IT professionals are in high demand. Because the pace of technological advancement outstrips the ability of educational institutions to adapt their curricula, graduates entering the workforce don’t have the relevant skills demanded by employers. There is a noticeable gap between the skills that employers require and the skills that job seekers possess.
Addressing the IT skills gap will require investment in training and development programs. Upskilling existing staff is the obvious choice. Fostering partnerships with educational institutions and industry organisations to help new candidates transition into the workplace with relevant competencies is another option.
Emerging Technologies Adoption
Keeping pace with emerging technologies such as artificial intelligence, machine learning, blockchain, and IoT presents both opportunities and IT challenges for business leaders.
Integrating new emerging technologies into existing IT infrastructure can be complex and challenging. Adopting new technologies requires careful planning to avoid potential compatibility issues with legacy systems and leverage data interoperability in a hybrid environment.
We have already touched on some of the IT challenges business leaders should expect to face when adopting emerging technologies, namely, recruiting individuals with specialised skills and guarding against security and privacy risks.
The other challenge is the potential need to retrofit legacy systems to support new technologies. The alternative option is to replace legacy systems with new technologies altogether. But that brings its own set of complications.
Firstly, employees may resist change or lack the necessary skills to adapt to new technologies, requiring effective change management strategies and training programs.
Secondly, adopting emerging technologies often requires collaboration with partners, suppliers, and other ecosystem stakeholders. Businesses need to build strong collaborative relationships and ecosystems to leverage the full potential of emerging technologies but at the same time, you run the risk of falling into the vendor lock-in trap and face more challenges further down the line when trying to adapt to changes in consumer behaviour.
Investing in emerging technologies can be costly, and businesses may struggle to justify the return on investment (ROI) in the short term. Calculating the ROI of emerging technology projects can be challenging due to uncertainties around adoption rates, market trends, and business outcomes.
IT leaders need to identify the specific technologies that align with your business objectives and prioritise them based on their potential impact and feasibility.
Conduct a thorough assessment of the emerging technologies you’re considering. Understand their capabilities, limitations, and suitability for your business. Evaluate factors such as cost, scalability, interoperability, and security to ensure that the technologies meet your requirements.
We also recommend conducting a proof of concept (POC) or pilot project to test the technologies feasibility and viability in a real-world environment before fully committing to its implementation. A POC allows you to assess the technology’s performance, usability, and potential benefits before scaling up.
Finally, partner with managed IT teams that specialise in the technologies you’re adopting and who can provide valuable support and guidance throughout the implementation process. This gives you access to more technologies without IT challenges typically encountered when working directly with a raft of big tech companies.
Supply Chain Disruptions and Resilience
KPMG predict that supply chain will be shaken up by emerging digital technologies. The new paradigm should enable companies to “respond quicker to day-to-day requests, proactively address problem solving, and reduce errors and inefficiencies.”
Building resilience in the supply chain involves developing strategies to anticipate, withstand, and recover from disruptions effectively. This requires proactive planning, scenario analysis, and the ability to adapt quickly to changing circumstances.
Business leaders can mitigate the risks associated with global supply chain disruptions by diversifying their supplier base, reducing dependencies on single-source suppliers, and establishing alternative sourcing strategies.
Microsoft launched an ideal solution during the supply chain crisis caused by the pandemic. The behemoths Supply Chain Management Platform seeks to enhance supply chain visibility across the nation to help businesses recover from disruptions easily. The risk management tools can also help identify potential disruptions early and enable proactive efforts that mitigate any potential losses.
Business leaders should also look to enhance supply chain resilience by implementing agile and flexible supply chain management practices, such as demand forecasting and inventory optimisation. Investing in technology solutions, such as supply chain analytics, predictive modelling, and real-time monitoring, can also help identify potential risks and opportunities for improvement.
IT Support in London
Outsourcing your IT challenges can often be more cost-effective than hiring and maintaining an in-house IT team. Businesses can save on recruitment, training, and overhead costs associated with employing full-time IT staff. Additionally, outsourcing allows businesses to pay for IT services on a flexible, as-needed basis, reducing overall IT expenditures.
The IT specialists at Micro Pro serve as enables that allows you to free up your internal resources to focus on core business activities and strategic initiatives.
Our IT support team can handle the complexities of cloud optimisation and cybersecurity tasks together with routine IT tasks, maintenance activities, and troubleshooting whilst your internal teams concentrate on driving business growth and innovation.
With IT specialists at the forefront of technology innovation and trends, partnering with Micro Pro gives you access to the latest IT solutions, tools, and best practices that can drive innovation and competitive advantage.
For more information speak to our senior management team and find solutions to the IT challenges you’re facing in 2024 and beyond.
