When it comes to changes to the IT and business world, it feels easier to keep your head in the sand. Surely things will pass soon? It’ll all get easier if you just wait it out? Wrong. The longer you ignore these challenges, the farther behind the competition you get.
In 2019, you need every edge you can get when it comes to standing out. These 5 critical IT and business issues affect everyone, but they especially affect technology companies. It’s time to pay attention so you can finally make a change.
1. Rise of Blockchain
You’ve probably heard a bit about blockchain already. Blockchain was originally developed as a technology for cryptocurrency transactions, but it’s being used in all new ways now. This technology is decentralized and open, helping record transactions in a secure, verifiable way. Basically, it’s a safer way to do things online.
While many businesses thought blockchain would only matter to the finance and banking industries, this is proving to not be true. Blockchain is reaching beyond these industries into technology, so it’s something to keep an eye on if you want to be ahead of the top critical issues.
2. Security Problems
Online security isn’t something to take lightly. Businesses of all shapes and sizes are finding themselves as the victims of cyber attacks. A startling 64% of companies have experienced some kind of web-based attack. The costs of these breaches are also high, and it’s not something you should wait to experience yourself.
One way companies are limiting these problems is through logging. Logging as a service is a relatively new offering in which developers can use automated logging tools to track their security in real-time. Learn more about logging on the Papertrail website.
3. Outsourcing Work
While the traditional method of work has involved 9-5 desk jobs, this is rapidly changing. The freelance economy is a real thing, and it’s changing how we do business. More IT fields are turning to contractors and freelancers to get more done.
This offers non-traditional workers more flexibility, and companies don’t have to spend money on health insurance, payroll, and more. However, these changes aren’t all sunshine and rainbows. Businesses will need to source higher-quality freelancers, and they also need to leverage these freelancers on the right projects.
4. Failing Agility
With the rise of new “Agile” concepts of development, many companies are falling behind. A lot of tech companies still focus on development silos, and these leave a lot of problems to overcome. For example, developers are coding small features without a deeper understanding of how these features fit into the product.
This larger-picture is holding many businesses back. We need to all transition to a more agile, open workplace that focuses on bigger ideas on a larger scale.
5. Building Trust
Last but not least, the technology and business industry need to build back some trust with consumers. Today, consumers worry about how businesses use their information and whether they’re being taken advantage of. With the rise of cyber threats, this isn’t an unfounded worry.
By 2020, there are expected to be over 200 billion connected devices. How will consumers trust these devices to capture and store their information? This is a critical problem that needs to be solved.
As an industry, change is on the horizon. The companies who move forward full-steam ahead are more likely to live another day while those who hold back will fall through the cracks. Which side do you want to be on?
These challenges aren’t impossible to overcome. As long as we work collectively on big-picture issues and build fundamental trust, we’ll enter this new era of innovation.