February 22, 2021
Strategic Insights: Securing Processes in Your Digital Journey
Next Dimension curates the most practical and useful tools and strategic IT insights from the web. This week we shared articles across our social media talking about Securing Processes in Your Digital Journey.
Are you an SMB? Here are three questions to ask when initiating your Digital Transformation Strategy:
Digital Transformation is an ambiguous term. It encapsulates so much of what’s happening in business today. As a business leader, how do you wrangle it? Qrius asks these three questions when initiating your Digital Transformation Strategy. Unsure of the answers? click the source link below.
What exactly is Digital Transformation?
Why adapt to Digital Transformation?
How to adapt to Digital Transformation for SMBs?
Reality check: digital transformation will happen whether you plan for it or not. Best to be in front of it so you can better control the situation; and mitigate challenges and capitalize on opportunities as they arise.
What does it mean to “underinvest” in cybersecurity? HINT: It’s not just about the purse strings
Inevitably, the total cost of cyber crime topped $1 Trillion in 2020, according to McAffee. The breakdown of these losses is alarming: 90% is attributed to monetary losses while the final 10% are the financial costs of cyber crime prevention. Cybersecurity budgets are expected to see a big jump, but investments can’t simply be made in creating a bigger, better, castle wall. The way organizations approach investing must change. With a disbanded workforce leveraging cloud solutions, cloud security must also ramp up. Increased data access means greater control must be placed on who, and how sensitive data is accessed and interacted with.
Attacks will happen no matter how much you spend.
So its important to invest in insurance, and invest in disaster recovery planning and execution to minimize the production loss in a breach.
The pandemic has opened the door for more flexible work patterns in the future. Are you currently facing work challenges?
For the majority of companies, we’ve adapted – on some level – to the “new” normal of working remotely. 2021 is the year to capitalize by investing in improving process and culture. Here are some tips:
- To be successful in a hybrid world, the business must operate on a ‘Digital First’ strategy. Remote workers can no longer be seen as ‘second class citizens’.
- A key component in building trust is building camaraderie. It can’t be all business all the time – the virtual collaboration also needs a ‘water cooler’.
- Shift the role of the “office”. while the office used to be place to monitor productivity, it should now be used as a space for collaboration – leaving productivity to be the focus in an independent workspace regardless of location.
- Leverage the remote workforce as a means to build cross functional teams. Those who would normally not collaborate in the traditional office space can do so easily in a remote environment.
Focusing on the above objectives, rather than focusing on the technology solutions available in the market, will help you design workplace strategies that work for your organization in 2021 and beyond.
Digital ambitions and investments need to have greater alignment to process objectives as industry moves forward with IOT, AI, M2M, and more.
The need for digital investment is glaring in most organizations. According to KPMG, only 23% of industrial organizations are actively adopting IoT technology, while 43% are still in the planning or discussion stage.
Terms like “Blockchain” and “Digital Twinning” have appeared to take a back seat to cloud security and cybersecurity investments.
Where are you investing in 2021?
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