IN the hopes of addressing different challenges and solutions, IT distributor MSI-ECS gathered technology experts and leaders in the recently concluded CXO Innovation Summit in Cebu to enlighten different enterprises on why digital transformation is the “key to the survival” in the industry.
Divided into several sessions, the summit revolved around the guidelines of the evolving business architecture while continuing to thrive in the market. Topics ranging from transformation of smart cities, IoT, cloud storage, data management, cyber security, blockchain and the use of Artificial Intelligence in enterprises were discussed during the event, offering a much bolder take on how to incorporate new digital approach.
Prioritizing data security
As of today, data management has been one of the pivotal factors in handling different organizations, ranging from small enterprises to corporate-level businesses, but the growing number of data also showed an alarming growth of different types cyber attacks and security breaches in the past couple years.
To further learn about the matter, Tarun Gupta, Regional Account Manager of cyber security firm Trend Micro, said that an early detection of the malware or threat would be a good sign of limiting the amount of stolen data. The average number of days before an attack is detected is around 99 days.
Gupta also emphasized that hackers can be cunning in breaching your data as cyber security tightens up its defense.
Building a Smart City
With a polarizing idea of having a complete hi-tech city, Zdravka Newman of network solution giant Cisco, shared what would be the latest trend called smart cities.
A highly connected and immersive take of relations from different objects and areas is needed to efficiently manage data and even the resources of the city. From changing the regulator of light post to properly management of waste disposal, Newman said that a proper use of sensors and devices incorporated from one place to another seamlessly will properly manage incoming and regulate data.
The next “big thing”?
One of the hottest terms in the tech industry, IT experts and leaders believed that blockchain will be the next “big thing” after the internet in the business industry.
Defined as a shared, incorruptible, permissioned ledger with consensus and immutability, blockchain allows users to transact in a shared ecosystem and create permanent records of transactions. With today’s landscape of transactions, appropriate data management and data storage plays a big role in the business.
A few steps behind
On a holistic point-of-view, experts and leaders of the tech industry expressed that the world is still not yet prepared to embrace the concept of digital transformation. In a research study, we are nearing 20 trillion gigabytes of data all over the cyber space, which an alarming huge number of professionals believe we are not yet capable of managing and securing.
We are still a few steps behind to completely foster the idea of digital transformation, that is why we need to deal with the challenges one step at a time.
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