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Depending on how you approach it, new technology can either be a boon or a bane for your organization. Without proper planning, the chances of investing in the wrong technology are enormous, and you can easily end up in a situation less desirable than before.

Cybercrime losses are continually increasing, either in cost or in number of accounts affected. In 2013, the global average cost of cybercrime was at $7.2 million. Five years later, it increased to $11.7 million. In 2018, three of the top 10 largest data breaches of all time happened, affecting around 750 million accounts.

Do you want to further improve your business’s performance? Then it’s time to seriously consider integrating the various technologies you use. Nowadays, systems integration is one of the key catalysts for business growth.

Your organization employs a lot of devices, apps, and point-of-sale (POS) systems in your daily operations.

Today’s technology allows businesses to gather a staggering amount of data from customers, site visitors, and users. Cybercriminals go to great lengths to steal or hold data for ransom because it's highly valuable. Your competitors also use data to get ahead in the game, which is why it’s very important for you not to fall behind on technology.

Nowadays, digital transformation isn’t a luxury but a must for all businesses, if they want to remain relevant. Think this isn’t true? Let’s take the ubiquity of smartphones as an example, and check out these two stories.

The “Toys” story – Founded in 1948, Toys “R” Us dominated the toy retail industry for decades.

Technology is much a part of society as well as the workplace today. Practically everyone uses a smartphone to connect to the bigger world, while many businesses use the cloud to enable their staff to collaborate efficiently on projects. From using social media to mining big data analytics, technology promotes change, progress, and nonstop improvement.

In order for companies today to remain relevant and competitive, they look to new trends in technology to see what can greatly benefit their business. Some may even want to be cutting edge and stay ahead of the curve by being the first adopters of new technology.

Thanks to today’s technology, small- and medium-sized businesses (SMBs) can now go toe-to-toe with their larger competitors for a share of the market. It’s crucial, then, for SMBs to keep up with technology so they can remain competitive and profitable.

Cybercriminals often target the healthcare industry, and it’s not surprising why. Patient health information (PHI) contains a lot of valuable data about individuals. That’s why in the black market, PHI fetches more money than credit card data.

No wonder criminals continue to find ways to steal PHI. A recent survey of 1,758 US and Canadian healthcare employees revealed 27% of healthcare organizations have experienced at least one ransomware attack in the past five years, while 33% have experienced multiple ransomware attacks.

Your business relies on IT to deliver efficient services to customers. But because you’re so busy with day-to-day operations, you often forget to regularly install software updates or purchase new hardware. Technology is ever-changing and improving, and if you continue to hold off replacing outdated IT, you risk productivity loss, cybersecurity problems, lower quality of work, and wasted resources.