Security has taken a back seat to digital acceleration, creating a growth in cybersecurity debt, and putting firms at risk. Among the unique threats of the past two years, the pandemic sped up digital innovation and accelerated the need for businesses to transform to stay relevant. Many of these digital initiatives have been a necessary response to the health and trading environment. Businesses have had to pivot quickly to the cloud, prioritise enabling remote and hybrid working and accelerate the introduction of new digital services for customers.
The global shift to remote and hybrid working, combined with the increasing brazenness of cybercriminals are creating new ransomware threats for businesses everywhere. The rapid growth in funds across crypto markets is creating more opportunities for attacks on businesses, and an increasing amount of ransomware victims are paying up in order to limit disruption and damage. In our previous Crypto Crime Report, we deemed 2020 the “Year of Ransomware” due to the huge growth in crypto extorted in ransomware attacks.
During the last couple of years, TikTok has exploded, making it one of the most used social media platforms globally. The average user spends over 50 minutes per day on the app and in 2021, the platform was the most downloaded app. However, only 5% of marketers use TikTok. This isn’t because it’s an ineffective marketing tool. It’s because it’s a new platform.
Businesses that trade in goods rarely escape from the complexity of global transactions and exchange rates. Selling to overseas markets is a goal many businesses aspire to succeed in, and hundreds of local businesses are already open to selling to overseas buyers, including through marketplace platforms such as eBay and Amazon to extend their market reach.
If you’ve got a hobby that you love, you’ve already cracked the hardest part of running your own business. That’s because if you don’t love what you do, you won’t have the drive and dedication needed to run a business successfully. Having a hobby means you have a strong passion for something, which is a rare quality in today’s distracted, throwaway society.
Transportation and logistics apps have been around for a long time and several businesses use them. With rapid advancements in tech, there is immense potential for this type of app. Apps developed with tech like AI/ML, AR/VR, etc. can work wonders for your business. The use of these apps in business is on the rise and this trend is expected to remain so for some time to come. In fact, using smartphones for transportation and logistics services is the ideal method to build consumer trust. This article provides more information on logistics app development and the list of essential features such an app should have.
Small businesses in Australia are set to make significant gains under the 2022 Federal Budget. Some of the key points of delivery for the budget included the SMB skills and training boost, the SMB technology investment boost and $25.2m set aside to support SMBs. It is time for SMBs to set up appointments with their accountants in order to get the best advice on how to maximise their gains and make the most of these budget announcements. Your accountant will help you in assessing, planning and decision making. Businesses need to know their full financial position so as to maximise their ability to benefit from the initiatives.
The adage “information is power” is only true for businesses with the means to retrieve it from their growing mounds of raw data. This is becoming an increasingly challenging task, given how data volumes are projected to exponentially grow over the next few years. Businesses must improve their data processing and analytics capabilities if they are to capitalise on their data and remain competitive. Most businesses are going down the DataOps path, which brings improved agility and veracity to data analytics.
Research shows that 90% of ANZ IT professionals find observability crucial and strategic to their business. More companies have adopted cloud infrastructure and microservices to create their applications to deliver updates faster and be flexible around digital services.
If you’re running a successful small or medium sized enterprise, chances high that at some stage you will be struggling with cash flow. In most cases, businesses who come to us are in a period of growth and are wanting greater accuracy in their cash flow budgeting.