Today’s technology companies can learn something from Khevenhüller. They may not fear foreign conquerors, but they do face attack from malicious actors that are set on stealing their IP or the personal data they hold.
“Strange,” he thought, eyeing the unfamiliar flash drive on his office desk. “I wonder who owns this?”
A shift in risk management priorities Today’s senior leaders face a range of complex, interconnected and fast-evolving risks. Few of these are as critical and so poorly understood as the risk of cyber-attack.
I recall that 30 years ago, you could count all the television channels with your fingers in one hand. So a typical family usually watched one chosen program every evening. That was the era of limited options via limited media, i.e., print, radio and TV.
If there’s one truth in today’s cyber age, it’s that no business is immune from a cyberattack. Given the increasing amount of business information that’s stored online—or in external-facing (aka Internet-connected) devices—it shouldn’t come as a surprise that there are a seemingly endless number of cyber criminals out there vying for your data and pertinent information.
Every business can benefit from the Internet of Things – just start small and choose wisely when deciding which operations you want to target Does your workplace have smart lighting that only comes on when it detects motion? Does your heating and air conditioning work in a similar way? Or maybe you have a refrigerator in the kitchen that orders food direct from the supermarket when supplies run low.
Why we should all be concerned by falling productivity rates and how businesses should respond Improvements in productivity have driven global growth for decades. Technological advances, new ways of working, and improvements to transport and infrastructure, have all made businesses more efficient and more profitable. At the same time, rising birth rates meant that there were more young people to do the work and relatively fewer old people to draw down pensions. Worldwide, that resulted in people being better off; over the past half-century global incomes almost tripled and millions have been lifted out of poverty. It seemed as if it could go on forever.
Almost 20 years since the dot-com era, the Nasdaq is reaching levels last seen during the previous boom. At the same time, we are witnessing business model changes driven by architectural transformations which could disrupt the global technology and media industry. Tomorrow, we can expect new technologies enabling the internet of things to create opportunities for future fast-growth companies. Some will become industry leaders – the Xiaomis and Ubers of tomorrow. Many more will fail – either because their offering wasn’t differentiated enough, or because their management made the wrong decisions
