New Innovations in technologies bring challenges and opportunities

Both consumer and business applications are contributing to the growing dominance of cloud services over the Internet. For consumers, streaming video, social networking, and Internet search are among the most popular cloud applications. For business users, enterprise resource planning (ERP), collaboration, analytics, and other digital enterprise applications represent leading growth areas. But anything we do, security remains to be the biggest concerns. Improvements in datacenter governance and data control have helped to minimize enterprise risk and better protect consumer information.

The growth of Internet of Things (IoT) applications such as smart cars, smart cities, connected health and digital utilities require scalable computing and storage solutions to accommodate new and expanding datacenter demands. By 2021, experts say IoT connections will reach 13.7 billion, up from 5.8 billion in 2016.

Datacenter application growth is clearly exploding in this new multi-cloud world. Driven by surging cloud applications, datacenter traffic is growing very fast. The study forecasts global cloud datacenter traffic to reach 19.5 zettabytes (ZB) per year by 2021, up from 6.0 ZB per year in 2016 (3.3-fold growth or a 27 percent compound annual growth rate [CAGR] from 2016 to 2021).

Artificial Intelligence (AI) holds tremendous potential to automate daily risk activities, and rationalize costs. Blockchain technology will enable companies to manage and share GRC information faster than ever, whether it is around vendor risk assessments or continuous auditing. Robotics is all about automation, increasing efficiency and providing intelligence that cannot be seen with the human eye. The cloud, in turn, is enabling the seamless flow of data.

Security is one of the main enablers of data protection. To guarantee an adequate level of protection, organizations must implement a risk management process, which assesses the security risks of processing personal data. They must then implement security measures to deal with the identified risks.

Organisations need to ensure that their security controls remain effective in protecting data and mitigate existing threats over time. Regular monitoring which involves an analysis of the needs of an organization, its processing operations and security tools is the most efficient way to keep an organization’s information security under control and fit for purpose. With all these innovations, social media is the biggest threat as on date. Moreover, android phones getting unlocked with finger print of the user poses the threat of finger print getting stolen. Given the wider use of Chinese hardware in the smart phones marketed by multinational companies, who knows whether or not Chinese are stealing personal data through phones.

No one can guarantee data safety in a digital world. When dealing with personal data, it is also necessary to consider the potential impact to the individuals concerned. For example, compromised security for medical data or criminal records may severely affect an individual and thus require appropriately strong measures to reduce the associated risks.