The world evolves and so do our business issues, the
catalysts vary, from geopolitical events to regulatory reforms, from new
technology to emerging markets, and their impact can be swift and far
reaching.
For most industries the approach, grounded in industry
specific experience and committed to delivering measurable sustainable
results, can help them adopt and succeed even in uncertain environments.
As business moves into a virtual world and as more and more data is
being transmitted over the Internet; social networking and mobile phones
become prevalent.
Physical boundaries have dissappeared as the
electronic revolution continues to turn the world into a global village,
more business data is being transmitted over the Internet and
businesses are continuously getting integrated online
The pace of
technology continues to accelerate as companies make the ultimate stride
from the more traditional outsourcing contracts into the virtual world.
But
however much we may embrace this avalanche of digitization we ought
not forget he major aspect that will stand guard as our world makes the
steps into the virtual world of digital technology and autonomous
systems, this aspect is security.
Today we hear of News of the World being shutdown because of a phone hacking scandal masterminded by its employees,
tomorrow twitter and gmail are facing problems because people are misusing other people's profile details,
and the day after tomorrow China is hacking into US military technology systems, which, i guess, is the worst case scenario.
The collateral damage here is done on the legal and ethical rules and
regulation that govern the Internet and that advocate for the fair use
of cyberspace.
Socially, reputations are damaged as people on top of the social ladder are blackmailed.
Economically, businesses lose their competitive advantage as their data is misused by copyright infringers and
Politically, tensions between countries are increased as espionage takes its toll on different states.
Internet crime and Internet security pose a challenge in
today's use of Cyberspace, as algorithms formulated to help in improving
businesses are later reversed to destroy them.
This, ladies and gentlemen is the Paradox of the electronic age.
