About $500,000 per hour. That’s how much some have estimated eCommerce vendors lose from downtime in a typical Distributed Denial of Service (DDoS) attack. As the average event lasts up to six hours, this certainly can have a devastating impact on business operations. The time is right for companies to focus on their security infrastructures to avoid getting caught under the deadly wave that is DDoS.
You may not know it, but it is coming. Well-covered in the media, a range of major brands continue to report significant cyberattacks – costing these businesses millions and wreaking havoc on corporate reputations. Analysts estimate the average cost of a data breach is $3.8 million, translating into $154 per record lost or stolen. With such high risks, companies must prepare for each and every threat.
It takes a village. We have heard that for many years regarding child rearing. The parents among us know how true the adage can be. It takes a collaborative network of parents, grandparents, teachers and other caregivers to raise kids. The concept is useful in our professional lives too.
In a globally interconnected world, it takes a village to get anything done in business or government services. Whether it’s classic teamwork or just trying to make things happen for a customer, business today has many moving parts. Collaboration happens in big and small ways at every step in a value chain. No one goes it alone anymore.
Steve Jobs once said, “Innovation distinguishes between a leader and a follower.” Companies can only progress so far without thinking about the future — how to grow, leverage new trends, and drive profits. Leaders identify trends before they happen, and understand how to incorporate them into the business. That’s why all eyes are focused on the next-generation digital transformation and the power of DevOps.
What happens when your business goes down? Can you quantify the result of any downtime? Do you lose business? Do you lose productivity or customers? And if you do, how badly will your business’s reputation be damaged? Business continuity seeks to mitigate the impacts on a business when critical business functions are interrupted. These include disruptions like natural disasters, physical break in, hardware failures or security breaches. Organizations that don’t have a business continuity plan in place that reflect resilience, recovery and contingency measures are at an enormous risk of failure.
In his 2011 TED Talk, communication expert Julian Treasure pointed out that “we are losing our listening.” In a cacophonous world filled with stimuli, he points out how hard it’s become to actually listen to one another.
There is no doubt that in the 21st century humans face challenges when it comes to listening – especially in today’s wired world of work. Organizational listening is an art and can be especially challenging for technology-centric teams when it’s critical to listen to customers and stakeholders.
Big Data…Cloud…IoT. The terms are enough to keep any tech-savvy CIO up at night. The flood of digital information, coupled with these game-changing trends, are putting pressure on IT to quickly incorporate – or be left behind. As IT transforms into a profit-center, significant cost and efficiency savings can be realized if incorporated correctly. Adding to this demand, the bar for great customer service in this new digital age is being set even higher.
In 1790, the world was in the midst of the first industrial revolution. The evolution from hand production to machines had an impact on every industry – from transportation to mining. For those who recognized the trend, it meant faster production, greater profits, and better quality. While we’ve advanced significantly since those days, companies are again on the verge of a new revolution having a similar impact.