As new solutions and inventions continue to aid businesses, they come with a ton of challenges. Where a connected world allows you to take your business digital, it comes with the risk of cyber-attacks. Where you can get clients from any corner of the world, there is the challenge of data privacy.
But it is not all doom and gloom. Yes, there are challenges, but forewarned is forearmed. Here are some of the problems you can expect to face in 2020 and how you can prepare.
1. Cyber Security
More and more customers are coming forward about hackers breaking into their ring devices, and wreaking havoc in their homes. Such attacks are a foreboding that most businesses will struggle with cyber-security in 2020.
Some threats include phishing and social-engineering attacks. Of every 99 emails, one is a phishing attack amounting to 4.8-emails in a workweek. Phishing attacks are the gravest as they can trick a business owner or employee into giving up legitimate credentials. As a result, the hacker can access sensitive business information.
Other threats include IoT (internet of things) attacks owing to the increasing number of smart devices. There is also ransomware which increased by 340% from 2018 to 2019.
Using a password manager, and 2-factor authentication can help secure your business, but only professionals can provide foolproof cybersecurity.
2. Cloud Network Issues
Cloud computing has allowed better data storage, flexibility, and collaboration. It has allowed large enterprises to make better decisions while reducing costs, but you can expect to have issues with it in 2020.
One of the top cloud network issues will be security. There are risks involved in the implementation and management of the cloud, and reports on hacked interfaces, breaches, and account hijacking don’t help the situation.
Also while cloud computing enables businesses to scale without investing in expensive hardware, the quantities and cost become challenging to predict.
3. Implementation of Privacy Protection
Back in 2018, the EU general data protection regulations came into force. It was about time, but that came with challenges for businesses. Problems that will persist into 2020.
Governance and accountability top the list of concerns. The regulations created a need for business-wide regulations during the full lifecycle. Also, you have to provide more information to your data subjects (customers), and there is always the risk of getting that wrong.
Businesses also have to keep a detailed record of processing activities which is a burden. Mandatory impact assessment questions about when they are required is still a mystery.
4. Getting the Right Skills
Though freelancing has allowed businesses to hire from a wide-pool of experts, finding the right skills will still be a concern in 2020. And it should be your top concern as nothing can work without the right people.
Should you choose to hire an in-house expert, you can expect to pay a fortune in salaries, and their supply is quite limited. You also have to contend with compliance issues. As such, we recommend you outsource your IT needs.
5. Deep Fakes
Finally, you have to contend with deep fakes. People are employing unethical methods to make it seem like politicians and celebrities said things they did not say. Deep fakes will now trickle down, and business and thought leaders will find themselves at the mercy of such technology.
People willing to employ deep fakes will sway people’s opinions and can affect your business.
2020 will be a remarkable year for companies looking to use technology. But with great tech comes equally great challenges. The challenges above are a few you can expect.
Hire IT professionals, as they allow you to focus on the essential things in your business while they provide the necessary support.