Digital technologies have spurred innovation and brought a sweeping transformation in the way businesses and government organizations administrate day-to-day operations. It’s altering our lives, bringing people closer whilst it has opened up new avenues for today’s organizations to add value to business, increase productivity, and grow at a faster pace. According to the World Economic Forum (WEF), new technologies spend was expected to increase by 13% compound annual growth rate to $2.4 trillion per year between 2016 and 2020, led by 42% in the IOTs of the total spend. That’s not surprising. Investments in digital technologies raise productivity. In the 2018 report, Digital Transformation Initiative, Maximizing the Return on Digital Investments, co-written by Accenture and the World Economic Forum, the research highlights that the productivity of organizations investing in new technologies is three times higher.
What is CSR?
The concept of Corporate Social Responsibility (CSR) was first discussed in the 1950s though it was widely acknowledged much later during the late 1990s. The core idea of CSR is to integrate business with responsibilities towards our society and environment. CSR, in this way, is considered as the most convincing way to achieve a balance between economic, environmental and social imperatives while at the same time addressing the expectations of shareholders and stakeholders. Organizations try to enhance the reputation of a company with active CSR, although the concept of CSR goes beyond that.
The power in numbers
Remember our school days, when we were taught in Mathematics, that if a particular task is completed by 5 people in 10 hours, then 10 people would complete the same task in 5 hours? The conventional adage suggests that the more number of people, the less number of time and energy taken to accomplish a particular task.
Recently, while interviewing some of the global CIOs and CISOs in an event regarding the reason of extensive privileged account compromise, we came across a very interesting point of view, which was highlighted by a few of the respondents. Work culture and employee mindset can be a big barrier in establishing a robust IT security framework in enterprises. Let us see how it can play spoilsport while strengthening enterprise IT security.
In a continuously evolving technological landscape, global organizations are coming across new challenges to store and protect a huge amount of business data generated every day. While data being the core of any business, it plays the most important role in maintaining business continuity in any industry. While many organizations go all the way to protect tons of data generated every day, few are partially concerned about the security and the remaining stay least bothered about the security of their data assets.