Change, they say is the only constant thing in life. However, for the past few decades, the speed of change has been frightening and there are no signs of it slowing down…
This change has affected life in the workplace as this is possibly, the biggest transformation since the industrial revolution which in itself, led to sweeping changes across the world. More innovation and greater reliance on technology is rapidly affecting the operations of businesses all around the globe.
“We won’t experience 100 years of progress in the 21st century, it will be more like 20,000 years of progress,” says Ray Kurzweil, an American described by Forbes magazine as the ‘ultimate thinking machine’.
This change has come with the introduction of wireless internet, email, smartphones, virtual video conferencing tools and social networking sites with clout such as Facebook, Twitter, etc. all of which have been growing at a phenomenal pace.
Customers have become empowered through social media and with the rate of competing products and services, companies have been forced to dance to the tune of the customers.
Customers are constantly demanding better, faster, and cheaper solutions while companies on the other hand, are facing tough competition and are under increasing pressure to innovate.
With all these changes and innovative technology comes new Business Risks. On a daily basis, companies are constantly exposed to threats in form of viruses, spywares, worms, ransomewares, Scareware, Keylogger, Adware, and so on. Businesses are therefore forced to be on the lookout or have to face serious penalties for data loss, data leak, and so on.
But who is driving this change? Where is it Headed? How do we keep up?
In as much as we would want to find answers to these questions, we need to keep moving. Companies need to be innovative in their operations.
To do this, they need to keep up with the recent change in the market and consumer behavior.
This is where Business Information Technology Spotlight comes in. We bring updates on happenings all around the world right to your ‘door step’. We help you with information that is tailored to your specific needs and bring you solutions that combats these challenges that are facing your business on a daily basis.