As discussed in Part 1, there are several important technology trends SMEs (Small-Medium Enterprises) should consider for implementation to improve the performance of their businesses over the next decade. Part 2 will discuss Cloud Computing, and Cybersecurity, and Telecommuting.
Basically, the cloud involves utilizing a network of internet-hosted remote servers for the storage, management, and processing of data instead of using a PC or local server. Cloud computing allows SMEs to implement solutions and scale at their desired speed, upgrading or downgrading as needed.
Cloud-based Software-as-a-Solution (SaaS) services can provide a company the necessary solutions it will need for business functions, including analytics, business continuity, cybersecurity, marketing, and sales.
Money is saved because data is easily accessed and applications often charge only for usage. The cloud service provider also offers stronger security because their monitoring is around the clock.
The number of data breaches is climbing dramatically annually, and 2020 will be no different. Criminals are increasingly targeting SMEs for over 40% of their cyber attacks because they are softer targets with data that can be exploited. Organizations must ensure their networks are secure. In addition, they should ensure that every one of their connected devices is regularly patched and updated.
Every company should strengthen its password and login policy. More than 80% of companies surveyed believe that employees that are negligent or careless are their greatest security risk. Thus, employee education and training regarding cybersecurity should be provided to help prevent data breaches.
Researchers predict that more than 50% of employees will be working remotely by 2020. This percentage is projected to increase as organizations focus on performing all of their business functions digitally. In order to succeed during the next decade, companies must offer their team members greater flexibility in terms of work hours and locations. Although this will not necessarily result in eliminating the home office, management must provide the technology and training that will support remote working for their employees.
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