“2020 shall define and unveil cyber security threats, either it shall mature us to handle the threats or the game is completely lost”
Key Priorities of 2020
Organizations today are nonplussed on the implementation of new technologies and their success rate. For us the most important drivers shall be focussing on big data and block chain, while cyber security remains a bigger concern. To stay in the business, it is very important to be efficient and effective. Data analytics shall serve as a bigger business competency. Systems have to be transparent and the visibility of the products provenance shall be justified through block chain. Robotics is also playing on our minds which shall create huge business opportunities through automation. Business coupled using Artificial Intelligence to augment an increasing number of roles and independently manage and execute evermore complex and emotionally human-like tasks. Our bigger task is cyber security and resolving the “human factor” will be our top priority. Most of the data breaches are caused by human error and hence we are working on solving people problems, to protect the data and systems. One of the ways to combat this is through “Machine learning, which can analyse data, spot patterns, identify potential threats and warn users in real time, shall prove invaluable in preventing cyber-attacks
Combining Breakthrough & Fusion approach
The pace of technological innovation is quickening. Companies today cannot afford to miss a generation of technology and expect to remain competitive. Organizations are adept at using a diversity of technologies to create new products that transform markets. But many others are floundering because they rely on a technology strategy that no longer works in such a fast-changing environment. The difference between success and failure is not how much a company spends on research and development, but how it defines it.
There are two possible definitions. Either a company can invest in R&D that replaces an older generation of technology—the “breakthrough” approach—or it can focus on combining existing technologies into hybrid technologies—the “technology fusion” approach.
The coronavirus pandemic has virtually made us WFH (Work from Home). Trillions of bytes of data are churned out on a day to day basis. From business and economy perspective cyber security shall become a game changer with more businesses now succumbing to cyber threats. Economy shall have a negative effect with serious data breaches. For us the cyber threats which shall govern us in 2020 are: Phishing attacks, Compromise of IOT devices, Cloud Jacking, Mobile malware, Remote working access attacks, Targeted Ransomware, Wi-Fi vulnerabilities and more towards introduction of 5G, Deepfakes, Breaches through Dark Web, Data theft and leakages.
All in all, 2020 shall define and unveil cyber security threats, either it shall mature us to handle the threats or the game is completely lost. There is no middle way out.
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