Five tips for investing in new business technology
Digital TransformationAs we start to adapt to life after lockdown, many organisations will be considering the impact on their technology strategy.
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As we start to adapt to life after lockdown, many organisations will be considering the impact on their technology strategy.
Mid-market technology companies need to be creative about supply chain cost management
Some years ago, one would have never dreamt of the possibilities that this “digital network” called the Internet, would provide regarding the ways and means of communication with other people across the globe.
Businesses of all shapes and sizes are trying to carve out a competitive advantage by leveraging digital information. The most cutting-edge companies harness customer preference data for a range of reasons, including to create personalised services and targeted marketing campaigns; to scrutinise employee performance data to drive productivity; and to analyse supply chain information to drive efficiencies. And that’s just the tip of the iceberg, with digitised data embedded across business practices.
Businesses have ploughed billions of dollars into technology that promises to keep cyber threats at bay. Gartner claims that end-user spending for the information security market is estimated to grow at a CAGR of 8.5% between 2017 and 2022, reaching $170bn.
Businesses of all shapes and sizes are trying to carve out competitive advantage by leveraging digital information. But owing to the increased use of personal data, it also creates vulnerabilities and inter-dependencies between two previously discrete threats – data privacy and cyber security.
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