4 tech predictions for business

With the growth of all things digital, including artificial intelligence (AI) and the internet of things (IoT), securing assets is a key concern for business.

“Security breaches are now a matter of ‘when’ rather than ‘if,'” says Paul Struthers, executive vice-president and managing director of Sage Canada, in a release. He says companies must have a data security strategy in place that is continuously reviewed and updated to respond to changing market conditions and external forces.

Read: Where Canada is a regulatory leader

He expects businesses to take a top-down approach to security, with “business leaders driving the conversations around security and building upon their infrastructure to make sure their data is as securely protected as possible.”

Here are Struthers’ other tech predictions for 2018:

• Digital transformation will no longer be simply an entreprise priority. “We’ll see more small businesses emulating enterprise by focusing more resources and budget toward finding new ways to work more efficiently for the long term,” says Struthers. “As such, we’ll see companies better harnessing all their data that resides in various departments of the business to help inform strategic planning and improve decision-making.”
• Business will look to the cloud. With mobility, AI and IoT coming more into play, “we’ll see businesses looking to cloud technology platforms to streamline operations and maximize productivity,” says Struthers. “For these reasons, we’ll see the cloud flourish like never before in 2018.”
• Big data and analytics take on a bigger role. Also this year, “companies will take a deeper dive into analytics and insights to improve their growth strategy and customer relationships,” he says.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.