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Now prepare for the 5th Industrial Revolution

With technology advancing at an exponential rate, we stand on the brink of the Fifth Industrial Revolution and if business leaders aren’t adapting how they work, they risk getting left behind, writes STUART SCANLON, Managing Director at epic ERP.

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Karl Benz changed the world when he invented the first practical automobile that was powered by an internal combustion engine. Fast forward 130 years and self-driving cars are now a reality. With technology advancing at an exponential rate, we stand on the brink of the Fifth Industrial Revolution and if business leaders aren’t adapting how they work, they risk getting left behind. 

To put it into perspective, the First Industrial Revolution occurred roughly between 1760 and 1850 – lasting 90 years, while the second took place between 1870 and 1914 – lasting 44 years. The third is somewhere between 1969 and 2000 – covering approximately 31 years, and the fourth is currently underway. What’s consistent in all of these is the impact on people’s way of life and that the evolution of technology is speeding up. 

When it comes to Industry 5.0, there’s uncertainty about what it will bring and how it will disrupt business. What we do know is that it’s going to break down barriers between the real world and the virtual one. New technologies are going to be more sophisticated than anything we have experienced before, and they are going to be faster, more scalable and adopted globally. 

Augmented and virtual reality, big data, artificial intelligence and the most revolutionary of Industry 5.0 technologies – cryptocurrency. In the not-so-distant future we can expect cashless economies where cryptocurrencies are accepted around the world, and where everything is sold through e-commerce transactions. The Internet of Things is on the rise, as is blockchain technology, and while artificial intelligence will cause job losses, more efficient processes will drastically increase productivity.

The changes that are coming with the Fifth Industrial Revolution will affect how organisations operate, which is why business leaders need to prepare for tomorrow. To remain competitive, they will have to move away from how they have traditionally operated and they must embrace fresh ideas, new thinking and, of course, unfamiliar technology.

“When new technology from the next revolution becomes entrenched, we’re going to be conducting business in different ways,” says Stuart Scanlon, managing director for epic ERP, the official Southern African distribution partner for Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth. “Current systems won’t be able to handle the expected increase in productivity, which is why business leaders need to become early adopters of technology, to stay ahead of the changes.”

For an organisation to future-proof its business, it needs software that can support the unknown, together with agile infrastructure, so it’s better set up to adjust its services, products and procedures. To manage productivity and achieve success, the business will need to be flexible and run lean. 

“People have different opinions when it comes to predicting the start of Industry 5.0 but, if you consider the speed of transformation in technology, I believe it’s going to be here far sooner than most people think. The future is happening now and we need to rise to the challenges if we are to thrive in the next revolution,” says Scanlon.

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How we use phones to avoid human contact

A recent study by Kaspersky Lab has found that 75% of people pick up their connected device to avoid conversing with another human being.

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Connected devices are becoming essential to keeping people in contact with each other, but for many they are also a much-needed comfort blanket in a variety of social situations when they do not want to interact with others. A recent survey from Kaspersky Lab has confirmed this trend in behaviour after three-quarters of people (75%) admitted they use a device to pretend to be busy when they don’t want to talk to someone else, showing the importance of keeping connected devices protected under all circumstances. 

Imagine you’ve arrived at a bar and you’re waiting for your date. The bar is busy, and people are chatting all around you. What do you do now? Strike up a conversation with someone you don’t know? Grab your phone from your pocket or handbag until your date arrives to keep yourself busy? Why talk to humans or even make eye-contact with someone else when you can stare at your connected device instead?

The truth is, our use of devices is making it much easier to avoid small talk or even be polite to those around us, and new Kaspersky Lab research has found that 72% of people use one when they do not know what to do in a social situation. They are also the ‘go-to’ distraction for people even when they aren’t trying to look busy or avoid someone’s eye. 46% of people admit to using a device just to kill time every day and 44% use it as a daily distraction.

In addition to just being a distraction, devices are also a lifeline to those who would rather not talk directly to another person in day-to-day situations, to complete essential tasks. In fact, nearly a third (31%) of people would prefer to carry out tasks such as ordering a taxi or finding directions to where they need to go via a website and an app, because they find it an easier experience than speaking with another person.

Whether they are helping us avoid direct contact or filling a void in our daily lives, our constant reliance on devices has become a cause for panic when they become unusable. A third (34%) of people worry that they will not be able to entertain themselves if they cannot access a connected device. 12% are even concerned that they won’t be able to pretend to be busy if their device is out of action.

Dmitry Aleshin, VP for Product Marketing, Kaspersky Lab said, “The reliance on connected devices is impacting us in more ways than we could have ever expected. There is no doubt that being connected gives us the freedom to make modern life easier, but devices are also vital to help people get through different and difficult social situations. No matter what your ‘connection crutch’ is, it is essential to make sure your device is online and available when you need it most.”

To ensure your device lifeline is always there and in top health – no matter what the reason or situation – Kaspersky Security Cloud keeps your connection safe and secure:

·         I want to use my device while waiting for a friend – is it secure to access the bar’s Wi-Fi?

With Kaspersky Security Cloud, devices are protected against network threats, even if the user needs to use insecure public Wi-Fi hotspots. This is done through transferring data via an encrypted channel to ensure personal data safety, so users’ devices are protected on any connection.

·         Oh no! I’m bored but my phone’s battery is getting low – what am I going to do?

Users can track their battery level thanks to a countdown of how many minutes are left until their device shuts down in the Kaspersky Security Cloud interface. There is also a wide-range of portable power supplies available to keep device batteries charged while on-the-go.

·         I’ve lost my phone! How will I keep myself entertained now?

Should the unthinkable happen and you lose or have your phone stolen, Kaspersky Security Cloud can track and protect your device from data breaches, for complete peace of mind. Remote lock and locate features ensure your device remains secure until you are reunited.

 

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Five key biometric facts

Due to their uniqueness, fingerprints are being used more and more to quickly identify and ensure the security of customers. CLAUDE LANGLEY, Regional Sales Manager, for Africa at HID Global Biometrics, outlines five facts about the technology.

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How many times in a day are you expected to identify yourself? From when you arrive at work you are required to sign in, visiting your bank, receiving healthcare services… The list is endless. When a system knows who you are, you are able to do any number common, everyday activities. Your identity is unique and precious. It is also easily stolen and the target of many hackers across the globe. Technology is constantly evolving alongside the criminal element, always looking for ways to protect data and identity. One such solution happens to be biometrics and it is rapidly gaining traction in our increasingly complex modern world.

Reliable, secure and fundamentally YOU, unique biometric traits such as fingerprints are being used by banks, enterprises and consumers to verify identity. Biometric solutions offer significant identity protection because they use unique biological details to ensure an account is only accessed by the account holder, a door only opened by the owner. Here are five things that are little known about this technology…

  • The uncut identity. Your fingerprint is unique to you. Nobody can use a copy of it to impersonate you. Good technology is capable of scanning down into the layers of the fingertip to differentiate unique elements of a person’s fingerprint, this data is then encrypted and used as a key to unlocking whichever physical or virtual door that the biometric system protects.
  • The living proof. No, there is nothing to the stories of fingerprints being used without their owner’s knowledge or permission. Biometric solutions can use specific variables to determine if the finger used to access the system is that of a present, living person.  A copy or a fake cannot be used to access a cutting-edge biometric solution.
  • Easy and convenient. Queues and documents and paperwork may well be a thing of the past should biometrics take a firmer grip of government and banking systems. The process of registering is easy, and access to identity documents and records is yours alone.
  • Security blanket. A thousand passwords and a hundred post-it notes stuck on walls and drawers.  An excel file with a list of sites and applications and their corresponding passwords, all a thing of the past.  Nobody needs to remember their password with biometrics, they only need to show up.
  • Anywhere is cool. Schools, airports, networks, offices, homes, toilets, banks, libraries, governments, border controls, immigration services, call centres, hospitals and even clubs and pubs – knowing “who” matters and biometrics can quickly and conveniently confirm your identity where needed.

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