Discover the critical role of encryption in digital transformation
Digital transformation is critical to maintaining business relevance. But the dash to go digital without even thinking about encryption can compromise enterprise security.
Cloud computing is at the heart of digital transformation. Without the cloud, we won’t be able to achieve even half what’s enjoyed by technologically-driven businesses.
Companies that successfully migrated to the cloud now benefit from data and analytics, enhanced productivity, and improve communication and collaboration.
They also enjoy operational efficiency, enhanced customer experiences, and significant cost savings.
The cloud also makes organizations more agile by improving mobility. So it makes sense that the cloud was the catalyst of the digital transformation revolution.
According to IDC, digital transformation is expected to provide an economic value of $20 trillion. That’s 20% more than the planet’s overall gross domestic product (GDP).
This year, companies that take a digital approach are also well-placed to earn at least 45% more from new business opportunities. So there’s no time like the present to embrace a highly connected digital future.
What is digital transformation?
Although the phrase keeps getting thrown around a lot, it would be a mistake to think that it’s just about updating legacy software, hardware, and IT infrastructure.
Instead, upgrading your legacy hardware and technology will be the beginning of your transformation journey.
Digital transformation can be described as the application of digital capabilities to products, processes, and business assets.
This approach helps improve enterprise efficiency, enhance customer value, better manage risk, and identify new monetization opportunities.
The primary benefits of building a digital business are as follows:
- Identification of new revenues streams
- Improved automation
- Increased cost savings
- Increased security
- Increased innovation
- Real-time customer engagement
All these different tools and technologies are designed to help companies gain deep operational insights, make smart data-driven decision, enhance products and processes, and improve customer engagement and experiences.
However, none of this would be possible without cloud computing (where all enterprise applications, data, and operations can be accessed and leveraged from anywhere in the world).
What is cloud computing?
Cloud computing can be described as the delivery of different services like data storage, enterprise networks, and applications (through the Internet). This means that information will be saved on a remote database and not on proprietary hardware.
The popularity of cloud services can be attributed to its ability to deliver low-latency, enhanced performance, speed and efficiency, increased productivity, and security, cost-effectively.
There are three types of cloud computing models:
- Public cloud
- Private cloud
- Hybrid cloud
Public clouds offer their services to everyone over the Internet for a fee. Private cloud, on the other hand, is only provided to a few entities (while the hybrid option combines both).
The rise of the Internet of Things (IoT) has now made it critical to engage in edge computing to enable real-time analytics and customer engagement.
How do you build enterprise security into digital processes?
As companies scurry to take advantage of the benefits of digital business, it’ll be crucial not to make security an afterthought.
When an organization rapidly adopts new technologies, especially IoT, there’s always a risk of dramatically increasing the attack surface and endpoints.
As a result, it’s important to focus on security from discussion to deployment and beyond. When leveraging new digital business models, for example, it’ll be critical to ensure total visibility into the system, user, and network behavior.
With greater compliance requirements and privacy protection concerns, consistently maintaining enterprise security will be paramount.
Twenty years ago, everything was much simpler and slower. Companies had everything on-premise, and a firewall was enough to secure the website, intranet, and connected business operations.
Fast forward to today, and organisations are continuously updating and tweaking their tech stack. IT teams are also updating their on-premise IT infrastructure, virtualized servers, software, and so on.
So maintaining security, consistently can be a challenge as every small change risks exposing valuable enterprise digital assets.
So what’s the best way to secure your business?
At least for now, the most robust and reliable solution available is encryption. As data can be encrypted while in motion and at rest (where it lives), cloud encryption protocols can consistently maintain data security and privacy.
Even if hackers somehow manage to breach the system, all the stolen data will remain meaningless. This is because it’ll take over a billion years to try every possible key variation to decrypt the data.
So it will be critical for businesses of all sizes to leverage robust encryption technologies and cloud security best practices to stay out of the headlines and ahead of the competition.
At Artmotion, we believe in securing enterprise data with military-grade encryption. What’s more, all information stored in our data centers will be governed by Switzerland’s strict privacy laws.
To learn more about integrating security into every step of your digital transformation journey, schedule a FREE call with one of our in-house cloud security experts.