5 Critical IT & Business Issues In 2018 And Beyond To Consider

Every industry goes through changes from time to time, but very few of them change as much or as frequently as business. There are always new issues and considerations to think about in business, and if you don’t think about them, you might find yourself (or your business) in some trouble.

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This article is going to to take a look a five different IT and business issues that companies should consider not only in 2018, but in the years beyond, as well.

Table of Contents

1] The Increased Importance of Cyber Security

There is no doubting that technology and the internet has made business more efficient and streamlined than ever before. However, the more information that is held online and the more business that is conducted online, there is an increase risk of cyber crime taking place.

This means that your cyber security practices and protocols in place are more important than ever. Despite all the increases to security measures, cyber attacks are increasing and can cost companies millions of dollars, if they are not careful.

Now, you may just think it is big companies that are targeted by cyber criminals, but that is not the case. Every piece of personal or sensitive information, no matter how big or small, can be valuable to hackers.

As a result, be sure to take all the necessary steps to protect your information and the information of your clients, or you risk it being compromised.

2] The Emergence of Blockchain

Unless you have been living under a rock for the last year or so, you likely have heard about blockchain. Blockchain technology is a decentralized, open and distributed ledger that records transactions in a permanent, secure and verifiable way. It is seen by many as a more secure, safe, fast and efficient way of doing things.

Many know about blockchain technology thanks to its importance in the cryptocurrency industry, which reached a market cap of $800 billion at its peak. However, blockchain technology has uses that range far beyond the financial and banking industry.

It can have an impact on nearly every type of industry out there, and should be considered by every operator in the coming years. While we are still a few years away from blockchain being common, there is no reason not to get ahead of the curve.

3] Freelancing and Contracting Becoming the Norm

In the past, nearly everyone who worked was an employee. However, recently, this has begun to change. There are tens of millions of freelancers currently working in the USA alone, and this number is only expected to rise. Working with freelancers allows businesses a lot of flexibility on a project to project basis and keeps them lean.

While certain companies and industries will always have employees in the traditional sense, don’t be shocked to see more go with contractors and freelancers.

In addition to the flexibility benefits, working with freelancers can also save your company money on things like 401k matching, employee health insurance, HR and more.

4] The Always-Growing Role of AI and Robotics

We have been hearing about robots and AI for many years now, in 2018, the emergence of these technologies in business seems closer than ever before. The reason for this is because more and more jobs are becoming automated, and many others are on the way.

While only a very small amount of jobs can be completely automated, Millions and millions of jobs may become partially automated, and companies (and employees), need to be prepared for that.

Also, the increase in robotics and AI in business will also increase the need for workers who are experienced and knowledgeable in the world of AI. While some jobs and industries are safe from major impact from robotics and AI, others will see a lot of changes.

As a result, it couldn’t hurt for employees to learn new skills or brush up on secondary skills, and companies should be on the lookout for ways that robots or artificial intelligence can help their company.

5] The Significance of Automatic Monitoring

In the past, it wasn’t always easy to see what was or wasn’t working for our business. However, that has all changed in the modern day and will continue to change in the future.

Now, companies can use a predetermined and refined set of performance indicators that can provide you with key insights on how your company is performing in different areas.

Also, it is important for these indicators to be monitored automatically, so any trends and/or issues can be found immediately. In addition to monitoring, there is an increase in the role of data visualization.

People, such as investors and business operators want easy insight into the data surrounding sales and other company metrics, and data visualization can help. Look for more and more tools to provide data visualization going forward.

If you want to learn more about monitoring, visualization and performance testing, be sure to check out this source: scala monitoring & performance testing by AppOptics.

In conclusion, these five business and IT issues are important for every business or enterprise to consider going forward for the rest of 2018 and beyond.

Without planning for, thinking about or at least considering these five issues, you may find yourself at a disadvantage in the near future or find yourself not being able to keep up with the innovation and changes.