Strategies for Adaptive Planning and Creative Problem Solving

The COVID-19 pandemic and the resulting economic instability have led to a rapid transformation in the technological world. As we move into 2022, Chief Technology Officers (CTOs) and Product Management teams are taking active steps to address staffing and roadmap planning, as well as their capacity to innovate.

Inch Ahead of the Rivals

In 2019, economists predicted the commencement of a long and arduous journey towards economic recovery, one that was expected to be characterised by both uncertainty and unevenness. The importance of innovation has been highlighted by this situation, as companies that prioritise innovation have a greater chance of gaining a competitive edge over their rivals. InformationWeek has suggested that to transform the current crisis into an “innovation accelerator”, CTOs and other IT executives should invest in innovation to ensure that their business is positioned to take advantage of new opportunities when the COVID-19 crisis is over.

According to research conducted by Gartner, Chief Technology Officers (CTOs) should be wary of focusing solely on short-term needs and instead prioritise innovation projects that will help their businesses both weather the current COVID-19 crisis and prepare for the future. Gartner emphasises that it is essential to maintain a balance between immediate demands and long-term initiatives in order to emerge from the pandemic in a strong position.

Strategy for Products and Staffing in 2023

As Chief Technology Officers (CTOs) strive to plan for the future and seize opportunities, they must also maintain discipline in order to avoid budget overruns and loss of momentum when priorities change. Of the many complexities associated with this task, one of the most difficult is finding the right talent to fill available roles. Properly sizing and equipping teams is always a challenge, but it is especially difficult when recruiting is conducted to meet the demands of continually shifting product roadmaps.

The current job market has presented CTOs with a difficult choice—whether to hire full-time engineers or outsource the work. With remote work becoming increasingly commonplace, greater flexibility and cost-effectiveness can be achieved with new staffing models that enable companies to assemble and maintain high-performing teams. To avoid the challenges of hiring FTEs, many organisations are now turning to long-term engineering staff augmentation services, which can provide a reliable and cost-effective alternative to onboarding full-time employees.

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