Data is is not only your most valuable asset, it’s pervasive.
But how you churn data into actionable business insights is what will help you grow your revenue, increase your customer base, and cut costs.
So, how do you do it? Should you hire full-time expert data analysts or should you outsource it to professionals? Or will self-service business intelligence (BI) tools suffice?
Many small business owners often select off-the-shelf IT security software installed by one-time vendors. They believe that this secures their systems.
What they forget is that the security threat landscape is constantly changing, with hackers trying new tactics such as using AI to hack smart devices. This means small businesses have to continuously update, manage, and scale their IT security systems.
But with limited security expertise, resources, and budgets, small businesses like yours will be find it tough to strengthen and manage your cyber defenses.
Employing managed security service providers (MSSPs) to monitor IT networks, detect threats, and manage systems ensures up-to-date security infrastructure. Your small business will be better protected from cyber risks than others that manage security in-house with insufficient resources and expertise.
There will be 20 billion IoT devices by 2020, according to Gartner.
IoT devices are physical objects embedded with sensors that can connect to an IT network and communicate with other devices and software applications such as mobile phone apps, desktops, printers, and other office/home appliances.
Imagine your surveillance cameras, air conditioners, coffee machines, and office equipment having sensors and actuators to monitor, communicate, and control their own actions. Pretty cool, right? Maybe … maybe not.
Did you know? An average company uses nearly 1,000 cloud applications.
Often, employees sign up for these apps themselves as a way to do their jobs more efficiently, without the knowledge or authorization of the IT team.
This practice is likely to be more prevalent in smaller firms that do not have dedicated IT teams.
Gini was excited to start her new role as sales executive at a small yet growing IT startup. She was thrilled when one of her sales leads responded positively and accepted her invite for a face-to-face meeting.
She posted on her social media page:
“So glad to get a lead moving up the pipeline. Hope to convert Fraser & Co in Monday’s meeting!”
Do you think Gini closed the deal?
Nope. In fact, she lost her job.
Gini had shared confidential client and sales information on a public domain. Friends and competitors browsing her posts pounced on the lead and closed the deal for themselves before she could. The IT firm fired Gini for violating its data privacy rules and ruining a good sales opportunity.