What trends do companies need to be aware of in 2023?

I asked this question of ChatGPT and received this answer:

"Companies need to be aware of several trends in 2023, some of which include:

1. Remote work: The COVID-19 pandemic has accelerated the trend of remote work and it is likely that more companies will continue to adopt remote work policies in 2023. This will require companies to adopt new technologies and tools to support remote work, and to rethink traditional office-based workflows.
2. Sustainability: Companies will need to focus on sustainability in 2023 as consumers and investors are becoming increasingly conscious of environmental issues. This will require companies to reduce waste and emissions, implement renewable energy sources, and design products and services with a focus on circular economy.
3. Digital transformation: Companies will need to continue to adapt to the digital revolution and leverage technology to improve operations, increase efficiency, and create new revenue streams. This will include the use of Artificial Intelligence, Big Data, Cloud Computing, Automation and the Internet of Things.
4. E-commerce and online marketplaces: The pandemic has accelerated the shift to online shopping and companies will need to focus on e-commerce and online marketplaces in 2023 to reach customers and boost sales.
5. Virtual and augmented reality: Virtual and augmented reality technology will become more mainstream in 2023 and companies will need to explore how to use this technology in their products and services, as well as for training and marketing.
6. Cybersecurity: Companies will need to be aware of the growing threat of cyber attacks and take steps to protect sensitive information and systems. This will require implementing robust security measures, such as two-factor authentication, and regular security audits.
7. Privacy and data protection: Companies will need to focus on data protection and privacy as consumers become more aware of the importance of protecting personal information. This will require companies to comply with data protection regulations, and implement data protection measures.
8. Social and Ethical issues: Companies will need to be aware of social and ethical issues such as worker's rights, human rights, and social justice and take steps to address these issues and promote diversity, inclusion and equity within their organisations.

By being aware of these trends, companies will be better equipped to stay competitive and adapt to the fast-changing business landscape."

Interestingly, ChatGPT has not yet been trained on anything post 2021 and it still seems to have an accurate understanding of what we need to be aware of in 2023. While many of the challenges in business will remain largely the same, it is the rate of change and the complex web it weaves that we need to be aware of more than ever. For example, AI has been coming for some time and now that it is here what does it mean for the ethical use of content, how do we set barriers for our business around how or if we use it and so on.

Our team is here to work with you and your business beyond the numbers to prepare for and respond to our constant business environment. Contact your Business Advisor today to see how we can help.