A Note on : The year 2020 new challenges that are more disruptive than most have ever faced
By MYBRANDBOOK
D V Seshu Kumar
Asst. VP – IT Head
Orient Cement
The coronavirus COVID-19 pandemic is the defining global crisis, and it is the greater challenge to the world. In just a small period, it is transformed people’s lives on an unprecedented scale, impacted every industry, and impacted the companies’ growth. The need for innovation is greater than ever, driven by new challenges that are more disruptive than most have ever faced. The question for enterprises is to how fast they can act, considering this new reality and new imperative, Enterprises are revisiting Technology Vision for 2020 and exploring possibilities during and in the post-COVID world. Our technology trends explore how people’s values are shifting, and digital-age technology models are increasing, and some of the models are meeting the business needs and some are mismatching with business needs above that COVID-19 issues it exacerbates it. Now more than ever, it is critical that businesses think about overcoming today’s uncertainty.
The need for digital platforms and experiences will continue to accelerate in the future also, as businesses and consumers seek alternatives to in-person gatherings in a post-COVID world. The enterprises that start building personalized, interactive, and shared virtual communities today can carry that success far into the future. Many studies say that roadblocks to scaling the technology is lack of employee adoption. A recent study shows that younger and older employees are more likely to embrace change, while those in the middle years are more resistant. But the pandemic could push this past. If enterprises invest in explainable Digital, AI & other tools that support and enable the experience of technology at its best. Success today could open new possibilities for businesses to reimagine their enterprise and workforce in the future.
Keeping up with security: The pandemic has created an enormous challenge for businesses worldwide. To continue operating despite massive shutdowns of offices and other facilities. The information technology on which having long dependency. Data centres, cloud systems, departmental servers, and the digital devices. Now employees used to stay connected remotely to each other and to access the company’s data becomes even more vital. Overnight, the demands placed on the digital infrastructure have skyrocketed.
This kind of current scenario become a much bigger and more lucrative target for cybercriminals. Cybersecurity efforts need to be upgraded to prevent a second crisis from emerging on the digital devices and networks that have become substantially more vital to companies in current scenario. Work from Home (WFH) and Business Continuity has become a mandate. Major cybersecurity breaches are in the news in recent times. Studies says every 14 seconds a business will be victim to a ransomware attack. In 2021 it is predicted to be 11 seconds. Having robust cybersecurity in place is a necessity. Social engineering attacks like phishing have always been used by attackers to trick victims into surrendering sensitive information like login details and credit card information. Though most organizations are enhancing their email security to block phishing attacks, cybercriminals are coming up with sophisticated phishing kits that aid in data breaches and financial fraud. Adoption of security parameters may be an inconvenience sometimes, but now it’s a necessity all the time.
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