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TOP TRENDS EXPECTED IN IOT for 2019 - Part 2

 

Specialised Talent 

As always the face and fabric of technology is going to continue to change and as the larger changes have slowed somewhat in terms of the seismic shifts they have caused in the way we do business social media, IT security, WI-FI and the speed of connection we are now seeing more innovation to software, technology hardware and specialisation to support these changes and innovations driving the changes.

 

The areas we can see these being the greatest within are to keep it general:

 

Talent - All IOT sorts of specialisation will become scarce

A huge shift in terms of service roles and the use of data to leverage growth and drive customer interaction will be the replacement of the customer facing skills and increasing use of front line automation – think your local supermarket self service check out.

Not only does this mean having to redistribute and re-skill the customer facing staff that have been replaced, but also the talent that will go into building these automated platforms as they will become increasingly scarce, as the AI driven model will take over from these original solution architects and possibly that skill is lost to the machines also?

The cycle is felt like ripples in a pond, touching all parts of the industry even in smaller ways or not immediately but in the near future on the shoreline.

2019 will also see a number of challenges new and old for the HR and Learning, Development & Education industries as we also face being agile and making sure we move with the industry and listen to the clients and candidates in regards to not only the challenges they face now but also how they and their counterparts overcomes these shifting sands.

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TOP TRENDS EXPECTED IN IOT for 2019 - Part 2

 

As always the face and fabric of technology is going to continue to change and as the larger changes have slowed somewhat in terms of the seismic shifts they have caused in the way we do business social media, IT security, WI-FI and the speed of connection we are now seeing more innovation to software, technology hardware and specialisation to support these changes and innovations driving the changes.

 

The areas we can see these being the greatest within are to keep it general:

 

Security

I would say that security is the most critical technology-driven part fo driving a companies future due to the high value of any user generated data. The reason being that organizations use more and more data, they pour of more and more user demographics, this is the security of sensitive information such as credit-card numbers and identifying information – any company, big or small,  cannot afford to have this valuable information and trust (between customer and business compromised) broken, exposed or stolen.

 

A single unrecognized and week point of attack is all it takes to unleash a reputation damaging attack that could cost into the millions of dollars to fix for your business.  Making sure your organization has no IT Security skills gap(s) is a business must have so you can upgrade your protection and reduce your risk.  With security at the top of the list of worries, businesses must truly grasp and institute effective measures to mitigate these known risks.

 

Of course this include being educated on prevalent security risks and resulting policies surrounding 3rd party software, remote staff and employees, BYOD, any printing, legacy equipment and it’s innate weaknesses) , vendor management, obsolete training and security policies, social engineering, and public or lax and/or unsecured WiFi. All these factors can have real, financial and reputation implications for both the short and long term company outlook.

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October is National Cybersecurity Awareness Month, providing the perfect opportunity for organizations to review their security policies, evaluate alternative options and implement any changes if necessary. The Ponemon Institute’s 2018 Cost of a Data Breach Study shows that the average cost of a data breach incident was approximately $3.86 million, a 6.22% increase from the previous year and a number expected to grow in the future exponentially. Facebook’s recent data breach cost the company a whopping $1.6 billion in regulatory fines, a figure that does yet not include any other financial and reputational losses.

We must not ignore these numbers particularly now as threat actors are becoming smarter at finding ways to penetrate an organization’s secured environment and extract intellectual properties and critical commercial information for financial gains. Organizations need to prioritize and proactively ensure they have the right resources and knowledge to secure their and their customer’s data.

Cybersecurity in the digital age Digital transformation is profoundly impacting technology. We are in an era where devices, services, individuals and entities all interconnect via complex networks in the cloud. The future holds endless possibilities but also presents many challenges, particularly in the cybersecurity and data loss prevention domain. Emerging technologies and concepts such as cloud migration, artificial intelligence, machine learning, microservices, and big data are charting new courses and shaping modern enterprise architecture. TUV OpenSky identified the following as the six most critical trends in cybersecurity for 2018.

Global regulation and how it is driving the costs of privacy and data protection. Internet of Thing (IoT) and how it is the multi-facet threshold between privacy, safety, cybersecurity and data. Operational technology emerges as a frontline for cyber attacks. The shift from reactive to proactive reconnaissance threat and vulnerability detection and response. The rise of IT domain certifications and their importance for professionals. Artificial intelligence (AI) and the way automation tools and services are becoming more prevalent in cyber defense strategies.

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