dan fiehn
dan fiehn

+44 (0)7788 591000  |  Info@fiehn.co.uk

Conscious leadership is a vital skill we all must have.

As a CIO, being at the forefront of technological advancements means staying ahead of the curve in business developments.

A key development that businesses ought to be aware of is “conscious leadership” – a method whereby leaders are educated on the importance and effectivity of both personal and professional development. By connecting with a deeper purpose, understanding emotional intelligence within their teams, letting go of control, appreciating diversity amongst employees, embracing new ideas sparked from creativity – these ideologies foster successful sustained growth within an organisation.

A vital skill we should all explore in uncertain times.

Disrupting the IT industry 

It was a privilege to be interviewed by Engatica as part of their global thought-leadership series on distruption.

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Gartner halves 2023 IT spending growth

Gartner lowered its forecast for IT spending to 2.4% over 2022. The firm expects CIOs to be more cautious and delay some purchases while riding out the economic uncertainty.

Gartner cut by almost half its global IT spending growth projection for this year, as CIOs grew skittish in the inflation-stoked economic slowdown.

The analyst firm revised its forecast to 2.4% more IT spending than last year, or about $4.5 trillion. The revision came three months after Gartner predicted a 5.1% increase. The latest forecast amounts to $100 billion less in projected spending worldwide.

CIOs will be more cautious when buying, and many will delay some purchases while riding out the economic uncertainty, said John-David Lovelock, a research vice president at Gartner.

Is composable business most essential technology trend to meet challenges of 2023

By 2024, Gartner believes that 70% of large and medium-sized enterprises will have composability as a key criteria for new application planning

“Life’s what you make it,” sang the synth-pop post-rock band Talk Talk in 1986 – perhaps a suggestion we should all take on board when considering the predictions for 2023.

Economic forecasts are starting to make Nostradamus look like a fun dinner party guest, so when we start seeing stories about composable computing being the answer to troublesome times, it’s worth exploring.

A year ago, Gartner was predicting that composability would be one of the biggest tech trends of 2022. In 2020, it defined composability as: “[A means of] creating an organisation made from interchangeable building blocks. The modular setup enables a business to rearrange and reorient as needed depending on external (or internal) factors like a shift in customer values or sudden change in supply chain or materials.”

 

 

7 ways to use insurance automation effectively in 2023

Smart insurers are getting ahead of these trends using automated technology to understand customer expectations, increase customer loyalty, safeguard privacy and improve efficiency.

As 2022 winds down, carriers, agents, brokers and vendors in the insurance industry are thinking about what comes next. Most economists agree that a recession looms, but the inflation rate has slowed, and this provides some optimism about a potential downturn’s length and depth. Regardless, the economic circumstances have insurance providers looking for ways to improve efficiency and customer loyalty. 

Savvy insurers can harness digital trends and technology that are already emerging to streamline customer-facing processes, improve the customer journey and build more positive, valuable relationships in the year ahead. Here’s a closer look at seven 2023 trends and how forward-thinking insurers can use them to gain a competitive advantage and move the industry toward a better future.  

 

Key InsurTech partnerships of 2022 to take note of

As pressures on the insurance and InsurTech sector mount, companies are teaming up to bolster their services and improve their capabilities.

According to Insurance News, KMPG reported that insurance carriers are focusing their efforts on building alliances with InsurTechs as they explore emerging technologies.

The company said it expects increasing investment from both carriers and non-carriers, closer partnerships between platform brands and insurers on distribution, a growing focus on embedded insurance and more investment in unique commercial insurance solutions.

Indeed, partnership and alliances in the InsurTech sector are many, with a handful taking place each week. Here are a few of the most notable that took place in 2022.

Flood InsurTech Previsico and Zurich

Utilising ChatGPT for Chatbot Development in Data Science

Exploring the capabilities of the powerful language model in creating advanced conversational systems

 

Feature Article

 

Why Conscious Leadership is Vital in Mainstream Business

Conscious leadership aims to bring focus to an ever-chaotic work environment.

why Conscious Leadership is vital in mainstream Business

Article by @Forbes

The constant contraction of jobs throughout the tech sector has many inside corporate America anxious over fears that other sectors may befall the untimely conclusion of hiring sprees post-pandemic. LinkedIn’s Workforce Confidence Index, released in late 2022, gathered data from nearly 900 million members to establish a baseline of current employees staring down the barrel of corporate volatility.

Over 30% of respondents self-reported anxiety about their job status, fearing impending budget cuts to their respective departments could increase layoffs. Yet, running counter to the decisions of the c-suite are women in the workplace activating choice as a lever for future decisions.

Mckinsey’s Women in the Workplace report (2022) found that over the last year, 29% of women have considered taking a less demanding position or leaving their current employer altogether.

 

THE DIGITAL EYE

I hope these articles are valuable.

I am passionate about technology, and I want to share that passion with you. I believe that it’s essential for everyone to stay up-to-date on the latest trends, so I’ve set out to cover all aspects of the industry – from data analytics to blockchain and AI.

Please let me know if you want to see any other topics covered, and I would appreciate your help sharing this blog with others interested.

 

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