Exploring Dangers of the Digital World in 2023 - Spotlight on Cloud, Data, Security, Analytics and Automation
#Digitaltransformation encourages change and gives organizations the power to automate their business like never before. However, a change is not always welcoming as there are many challenges attached to bring in the new experience. Complex software, team adaptation issues, technical barriers, restructuring processes, security issues and budget constraints often pull back businesses from exploring new opportunities that come together with digital transformation. Companies are aware about the performance improvements that digitization can bring but the risks/challenges associated make the scenario unsteady.
New year 2023 has already begun and like every year there are resolutions to accomplish. Many companies are in the que who enthusiastically want to integrate digital transformation solutions into their daily business practices. But dangers of the digital world seemed to have expanded. Security breaches and digital failures in the past year force entrepreneurs to think twice before investing in innovative digital services. Let’s closely explore the dangers of the digital world in 2023 that are causing a hunch in businesses:
Danger in #CloudAdoption : Companies are skeptical about their data that is uploaded/migrated on cloud. Accidental exposure of credentials and mismanagement of privileges can lead to data loss. Unorganized and unprotected files can leave data vulnerable to theft. Threat actors will make the most of security flaws in cloud infrastructure unless cloud security practices improve with changing times.
Danger in #DataSecurity : Hybrid working environment remodeled data security norms causing substantial increase in IT investment. Human errors cause major data security issues and lead to reputational damage to businesses. Rapid increase in digital payment platforms have opened new sources to break in financial data causing monetary loss of multiple accounts. Securing valuable data is a real challenge in the current scenario, similar to a real big fish waiting to be caught so that the calmness of the sea can be back once again.
Danger in #BigData : Companies can fall in serious danger if the data is sourced, stored and used inappropriately. Organizations storing massive data have to bear higher costs and practical burden to keep the security element intact. In case third parties get access to sensitive data it can be deliberately compromised to make illegitimate gains. It is important to adhere to the security measures for safeguarding big data and not violate the data protection laws.
Danger in #BusinessAutomation : Automating business processes has become a priority for companies across a variety of industries. However, migrating from a traditional interface to an automated one leaves disconnected chords between teams, making the tasks tedious in the initial phase. It is a challenge to balance innovation and automation with the right skill set and expertise necessary for the required digital experience.
As digital transformation moulds itself to offer better solutions, challenges and dangers will always linger around. Companies should stay focused in devising strategies and integrating smart solutions that are highly capable to face the upcoming dangers of the digital world.