Latest Tech Challenges You Should Be Prepared For

In this era of tech age, there are so many new innovations we are exposed to everyday that it is difficult to keep up with them. Enter - tech challenges. 2018 is all about enhancing customer experience, better business strategy development, and digital transformation.

While we are sure you will always enjoy playing your favorite games with offers at party casino, the tech world has been dealing with its fair share of challenges. Sure, smartphones today are more powerful. You get laptops with a good 32 GB of RAM. Yet, technology isn't only about development. It's about controlling the progress too to ensure everyone benefits.

The Top Tech Challenges You Need to Know About

Rather than waiting for the development and then taking it up as a challenge, your company should have a game plan ready for when new things come your way. Here are four tech challenges you should be prepared for:

1. Data Privacy Regulations

European Union Global Data Privacy Regulation updated its rules on May 25, 2018, which caused some serious problems for companies that dealt with European Union countries. IT American companies weren't aware of this change but if they are to enter the EU market any time soon, they need to study the book. If they are unable to comply by the rules, they'll be charged with heavy fees.

2. Digital Disruption

With artificial intelligence and Internet of Things gaining the pace, it is going to be hard for companies to compete with it. Now that it is at a much smaller scales, IT firms need to build a new business plan around it. According to executives of Fortune 500 companies, around 40 percent of them will be closed in the next 10 years.

3. Sophisticated Cyber Attacks

In 2017, Equifax suffered a huge loss that affected more than 143 million of its customers because of a breach. The threat only seems to have gotten bigger this year. Cybercrime has gotten smarter but hackers have gotten even more. With their increase in skills, IT companies are expected to spend billions on digital security by 2021. Strategize your IT security at an evolving rate to not be a victim of cyber attack.

4. Explosion of Apps and Vendors

In the past seven years, marketing tool apps have grown by 3323 percent. The easy availability of cloud space has made making apps a piece of cake. An average company has more than 800 apps in their clouds, according to Netskope.With the current rate at which apps and vendors are growing, you can only imagine how much digital competition it would be for them to stand out of the lot.

The challenges don't stop here and require a multifaceted approach, so that you don't lack against a particular one. Big Data Analysis is another challenge you need to proactively plan for. It's what is keeping many organizations busy, and a reason why skillful big data analysts are today more in demand than anything else.