Top 10 Technology Challenges to Conquer for Digital Transformation

Technology is progressing and so are the challenges that surround it. These challenges grow multi-fold if we take into consideration the concerns that come from Covid-19 pandemic and business resiliency bottlenecks. From the perspective of information security, risk management, data security and big data are the biggest challenges that businesses need to overcome concerning how to protect their data. As Businesses grapple with the new normal post the pandemic, here are the 10 Technology Challenges to Conquer for Digital Transformation–

Electronic tagging and tracking of objects and people with bar codes, RFID devices and other technologies leave public data open about an individual’s locations, movements and status. “Internet of Things” is on the cusp of becoming reality. While it may offer many benefits to businesses, the privacy issues posed by the Internet of Things are similar to the issues surrounding “Big Data.”

Cloud computing continues to show a great promise to assure major cost savings for businesses and convenience for consumers. Concerns of privacy and data security in the cloud will be a critical bottleneck for businesses. Yet, as more software applications and other computing resources are hosted and accessed online in the “cloud,” data privacy and security risks would increase, contracting and licensing norms are evolving getting complex and increasingly difficult to manage.

Non-proprietary open source software applications have a lot to offer which include costs savings, but compliance with open source license terms would prove to be tricky. The use of open-source software can compromise ownership of company software, if not handled properly.

Forward-thinking organizations are now implementing privacy by design in their products, but making sure those efforts meet GDPR standards is a long-debated concern. Google, for example, just saw a record fine by French regulators over how the company collects the French user’s data.

Data security concerns posed by technological advances will be a significant concern in the year ahead. Data-related issues permeate across the enterprises.