Articles

Business digital transformation is a buzzword that is misused and not completely clear. For instance, the Wikipedia definition is incomplete and vague: “Digital Transformation (DT) is the use of new, fast-changing digital technology to solve problems often utilizing cloud computing, reducing reliance on user-owned hardware but increasing reliance on subscription-based cloud services.” 

Last year G2 Crowd introduced predictions for 2018’s major digital trends, but this year the focus is on trends in specific industries and how digital transformation will affect them in 2019. 

In a digital age, data security is a top priority, but it can be difficult to know who exactly is  responsible for securing sensitive information. While companies may feel they have sufficiently secured their own data, those that utilize SaaS vendors in their business put their sensitive information and business data in the hands of these vendors, who store it in the cloud or on-premises at their location. There are a number of security considerations and variables a business should keep in mind, especially related to cloud security. But it's helpful to remember one simple question when considering vendors or evaluating current protection efforts: Does the country housing my data care about security? Countries that do have taken action to protect personal and business data stored in their country or region. Other efforts to protect personal information include enforcing security standards, developing national cybersecurity strategies, and providing public awareness campaigns, among others. Countries that received lower scores have done less to ensure businesses are protecting data and require less transparency between data collectors and individuals.  In a globalized world, servers could be housed in any number of countries other than the one your business or a software vendor operates in. Still, it should be considered a potential red flag if vendors operate out of extremely vulnerable geographical regions.  Every year, the International Telecommunication Union (ITU) releases the results of a worldwide security survey titled the United Nations Global Cybersecurity Index (CGI). The index provides an overall security rating based on a number of factors related to legislative, organizational, technical, capacity building, and international cooperation.

In this series, I’ll look at how large technology companies are breaking into the financial services sector. We’ll explore the potential future for this expansion and how it’s affecting the fintech world. Later, we’ll look at how it sets the tone for consolidation across unrelated industries, and how techfin is shaking up major players in the finserv world. 

It’s 2023. Privacy lost the fight. Big Brother is definitely watching. 

Malware, or malicious software, is a big problem for computer users everywhere. The damage it does goes beyond stealing personal information or controlling your device. There are financial losses, too, in fines or resources required to fix it. Every year, malware affects so many people, which costs a lot of money to fix.

The internet has helped us connect many dots and get things done more efficiently. 

Instead of giving credence to fear-mongering books and films about artificially intelligent beings taking over the world and turning on humans (The Terminator, anyone?), it’s time we took a hard look at the proven benefits and potential risks of some real-world applications of artificial intelligence. 

The explosive growth of data and the demand for public cloud offerings have contributed to several new large data centers being planned or constructed across the globe. The onset of the COVID-19 pandemic has coerced numerous companies to look for options to ensure business continuity, leading to data centers growing faster than ever. 

The world of human resources is constantly changing. Employees now wield more power than ever, thanks to gig jobs and technological advancements that allow for remote work. There is a persistent desire to strike a balance between work and life.