Tech Priorities for Enterprises: Where Security Meets Innovation
The fast ascension of emerging technologies has lately been a trend in most enterprises, due to the COVID-19 consequences, where most of these businesses had to move their activities onto a remote system. Decision-makers are developing strategies that will keep their business floating without losing too many resources, while also ensuring that the productivity and the quality of their services remain untouched.
According to an extensive report from McKinsey, it turns out that almost 86% of the first-time customers are satisfied or very satisfied with how businesses have managed to adopt a friendly digital strategy. This is proof that digital technology is now at the forefront of most businesses. At the same time, this means that those who want to differentiate themselves on the market have to put more effort into being innovative and be the target audience’s first choice. From this perspective, I find it critical to approach the cybersecurity measures that need to be taken, and the landscape they form with innovation, a subject that I will advance in this article.
Why approaching innovation from a security perspective?
As previously mentioned, the competitive advantage is forcing innovation to be the new norm. But trying to focus on innovation while ensuring the security stays in check can be challenging during times of crisis, when budgets are usually stretched, or unusual events can become security threats for your business.
To give an example of how sensitive your business data can become, in the past few months, there has been a 667% increase in coronavirus-related cyberattacks, due to the uncertain situation that led people to search and click on mainly everything.
Nevertheless, the potential cybercrime damages can cost your business much more than it would be to have a security strategy in place that aligns with the innovative technologies you are looking to implement within your organization.
Even more so, when the innovation brings cloud computing, artificial intelligence, edge computing, blockchain, Internet of Things, and technologies that require special attention when it comes to monitoring the processes that make use of these technologies. That is mainly because emerging your processes with more technologies involves more entry points for cybercriminals looking to take advantage of the smallest security gap within your organization.
Eventually, being the victims of a cyberattack will not only cause financial and brand damage to your business, but will also endanger your customers’ data and operations, impacting your business’ position health.
Read the full blog article: https://rickscloud.com/tech-priorities-for-enterprises-where-security-meets-innovation/
What are your thoughts on leveraging innovation through? Did you already prioritize it for your enterprise? Share your thoughts in the comments section below!