November 9, 2020
Strategic Insights: Transformation Security & Risks
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 Transformation Security & Risks.
Digital transformation requires bold leadership that is committed to change. Here are 5 solutions to implement now.
Digital Leadership means enabling the business to modernize systems to better meet customer and supplier demand. Entrepreneur says if you’re serious about creating and executing a digital transformation strategy, these are the five solutions that must be on your roadmap:
1. Cloud Storage Solutions
2. Collaboration and Communication Tools
3. Remote Project Management
4. Cybersecurity Solutions
5. CRM Solutions
No matter which of these solutions you prioritize and ultimately deploy, Entrepreneur encourages your organization to Embrace the Journey. It’s a valuable opportunity to view your business operations through a new lens.
Operational Security needs to protect financial data. Here’s how to discuss it in the Boardroom.
Remote work also applies to an organization’s finance team. When sensitive data is accessed from remote locations, the risks of cybersecurity breaches increase exponentially. Corporate, customer, and supplier financial data are at greater risk of exposure. Alexander Bant, Practice Vice President of Gartner says “CFO’s especially need to collaborate with both IT and risk managers to make sure new cybersecurity risks stemming from the adoption of remote work don’t outpace the policies designed to protect vulnerable data.” Gartner created the following Cybersecurity Checklist for CFOs:
Step 1: Realize – find out where your financial vulnerabilities lie.
Step 2: Respond – create an action plan and prioritize action items.
Step 3: Review – set policies for regular check-ins on the health of the security measures in place.
More info on the checklist can be found at the link below.
While embracing Industry 4.0, manufacturers face data breach and security risks across the organization.
Could the threat of cyber crime really upend Industry 4.0 before it ever fully impacts the manufacturing industry? Forbes says to beware of the lurking risks when converging IT and OT. Here are four key factors for mitigating risk for the hyperconnected:
4. Advanced Technology
5. Defending the Edge
The article says “For industry 4.0 to successfully deliver on its promise of unprecedented efficiency and creating new markets and demands, cybersecurity cannot be relegated to an afterthought.” Forbes recommends weighing business risks against rewards in each of the above areas with respect to cyber planning.
Continually adapting to shifting priorities is a real threat to the mental well-being of employees. It’s called change fatigue.
Change Fatigue is the back-breaker for employee motivation and drive to a successful digital transformation. By now you know full well, Digital Transformation starts with PEOPLE, not the technology. The people need to be the ones who drive the change, who value the change, and who see the most impactful benefits of your transformation. Enterprise Project offers these three tips to keep your people engaged and motivated in your transformation:
1. Speak openly about the change
2. Align your organization to the right priorities through goal setting
3. Check in with your team
The bottom line? Communication is Key. Change fatigue may be unavoidable, so it’s best to be transparent and open about the goals and the progress of your organizations transformation initiatives.
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