Businesses are constantly competing for an advantage over one another and technology is one of the foremost ways to ensure you have leverage over your competitors. Multiple systems are implemented to improve our lives, but with so many products and services available, it’s easy to become overwhelmed by the amount of technology at your disposal and also what is applicable for what scenarios.
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Cybersecurity attacks are a major threat to every business. That said, many businesses aren’t aware of the basics of how to protect themselves against these common threats. A breach in security can be catastrophic for a business’s reputation and bottom line.
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At its core, the concept behind artificial intelligence is a straightforward one. It's simply a term that describes the ability of computer systems that can perform tasks that would normally require a human being (like visual and speech recognition, translation between languages, and even decision-making) totally on their own.
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Being able to leverage the full power of modern technology is critical to the success of any business, but it's also a far more proactive affair than a lot of people realise.
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Thanks to the incredibly rapid pace at which technology continues to advance, nearly every industry that you can think of is currently in the throws of transformation. The logistics industry is certainly not an exception to this, where new technologies are creating a new market entrance, which create new customer expectations and, eventually, entirely new business models. If you woke up this morning and found yourself thinking about the speed by which the industry is changing today, you're not imagining things. You're right on the money.
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Beginning any type of technological or digital transformation without a clear-cut plan in place is a bit like getting into a car for a road trip without a map. You may have some idea of where you're going and you probably know exactly what you'll do when you arrive, but you literally don’t have a clue how you're going to get there.
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A hybrid IT environment, as its name suggests, is a combination of resources that are on-premises and in the cloud. The best hybrid IT strategy, as a result, focuses on the services that orchestrate the way these two platforms work together and allows them to act in a much more powerful way than either one could be on its own.
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If you had to make a list of some of the most important challenges facing businesses in nearly every industry today, digital transformation would undoubtedly be right at the top. According to one recent study, at the end of 2017, more than two thirds of all Global 2000 CEOs had made digital transformation the centerpiece of their corporate strategy.
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In an era where cloud spending on a global basis is projected to increase to $162 billion per year by as soon as 2020 according to Forbes, it's clear that organisations around the world have begun to embrace the unique opportunity that this technology represents. You've likely even already considered a digital transformation for your business, hoping to use it as an opportunity to gain a competitive advantage into your own industry that will carry you forward into the next decade.
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Now that we’ve reached the end of this four-part series on Australia's new data breach notification laws, the only thing left to do is to tie it all together: which means getting started on building a better, stronger business that is better able to counter cybersecurity risks as much as possible.
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