The trend never to neglect: Cybersecurity
Cybercrime is far from a new trend but it evolves just as quickly, if not faster, than general innovation in the IT sector. It’s predicted that costs from ransomware attacks will reach $11.5 billion globally in 2019, and a business will be affected every 14 seconds. Considering the severe penalties for non-compliance with the European Union’s General Data Protection Regulation (GDPR) and South Africa’s upcoming POPIA (Protection of Personal Information Act), air-tight system security must be a priority for every business this year.
Moving forward, there may be a role for blockchain technology in helping businesses to transact more ethically and protect individuals’ private data. Bitcoin’s fortunes have been up and down lately, but the blockchain technology underpinning the digital currency is decentralised and uses public-key cryptography, offering reliable, independent data verification. In addition to security, this type of technology can be adapted to provide a host of other solutions too. Its increasing use in healthcare, government and manufacturing, is something we can certainly expect in the upcoming year.
What’s next
The continual emergence of new tech trends, offering more efficient ways of doing things, is inevitable. And given the speed at which things are changing, simply keeping up to date with developments can be challenging. It’s important to maintain a dual focus though – on the technologies of the always-shifting now as well as the fast-approaching future.
More important than even this, though, is focusing on the needs of your organisation first, and then considering how to integrate available technology into your IT strategy in a way that betters internal processes while transforming the customer experience. Enlist the help of a solutions specialist if you’re struggling to make that connection because rapid action is necessary. Digital transformation will continue to change how we do business no matter your industry. Embracing the process now is the key to survive and thrive.
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