Highlights:

  • Cyber attackers target small businesses due to their limited computer infrastructures, often lacking strong security, making them potential entry points to larger targets.
  • Hybrid cloud adoption by companies can complicate infrastructure management due to dealing with multiple cloud providers, posing challenges for IT teams.

The tech world does not take a break! So, in light of the swift strides in innovation and a progressively competitive market environment, maintaining a grasp on the most current trends and technological advancements has become exceedingly crucial.

Many a time, our clients pose inquiries regarding the latest technologies. These inquiries stem from a desire to discern which technologies are worth embracing and which may not be. Additionally, they seek guidance on the challenges of adopting new technologies in business organizations to seamlessly incorporate them into their operations.

Hence, your capacity to harness technology for pioneering business approaches stands as a pivotal determinant in an organization’s progression and achievement.

This article will delve into six significant technological hurdles businesses encounter and strategies to surmount them effectively.

  • Backup Issues

According to the Forrester report, 34% of enterprises still struggle with automating their backups and recovery. The transition from traditional backup applications to cloud-based solutions has not happened entirely. So, let’s discuss some technology related challenges that are invisible to your organization.

The most challenging aspect of data backup is ensuring that backups are performed regularly. This entails verifying that backups are actually taking place.

The ongoing risk of ransomware presents a paramount obstacle in ensuring data availability through backup and recovery. Researchers say that ransomware continually adapts to technological advancements to maintain its potency.

Recent tech company scandals and GDPR-like regulations demand stricter enterprise backup solutions. This is, again, a challenge.

Complete enterprise data backup solutions shield data and metadata. Without metadata backup, data relationship recovery is time-intensive.

  • Data security

There are so many technological challenges in the management of organizations. As per Statista, in 2021, 28% of enterprises and 20% of tech-focused SMBs identified data security as their primary challenge. Additional hurdles involve adequate employee training for technology use and remote work management.

While data provides opportunities, it can also expose businesses to significant legal and financial risk. One of the significant obstacles involves identifying an organization’s actual data size, often exceeding expectations and subject to constant fluctuations.

In order to adapt to this ever-changing environment, organizations must maintain a data inventory and implement data classification.

Employee exits heighten insider attack risk. Malicious ex-users may target corporate data for ransom or theft. Dormant accounts, if not promptly disabled, could expose sensitive information to external hackers. This is, again, a big challenge.

  • IoT integration

As per Statista, short-range technologies, including Wi-Fi, Bluetooth, and Zigbee, will dominate the number of Internet of Things (IoT) connections in 2030 compared with other communications technologies, with over 21 billion connections. Let’s dig into some of the IoT integration and related technology challenges that are invisible to your organization.

The actual IoT landscape lacks ideal interoperability. The industry lacks common data standards, so integration becomes the practical aim for IT teams.

  • IoT’s device diversity offers versatile applications but also leads to integration challenges. Proprietary OS and settings complicate IoT’s compatibility with other technologies.
  • The IoT setup’s mix of sensors, gateways, hardware, and software exposes vulnerabilities, increasing risks like data breaches through cyber and brute force attacks.
  • As IoT evolves, data integration becomes a key challenge for providers. Thousands of sensors in each system emphasize the need for decision-makers to leverage opportunities for improved performance and long-term business strategy.

  • Compliance

During an online March 2023 survey among business-to-business (B2B) conducted by Statista, marketers in the United Kingdom (UK), slightly more than two-thirds (or 67 percent) of respondents stated that ensuring data compliance and accuracy was prioritized to a great or very great extent at their companies. Let’s dig into some of those challenges in adopting new technologies in business organizations.

  • Companies now prioritize data protection due to regulations like GDPR. This challenge is notable for remote teams sharing sensitive global data. VPNs and encryption must be mandatory in such cases.
  • As your company expands globally, you likely intend to hire local talent to fuel your growth. An international workforce adds complexity to payroll, with multiple currencies and potential exchange fees, leading to significant administrative tasks.
  • Multistate businesses must follow various government regulations, demanding expertise for compliance management. Often, organizations lack the necessary skills for comprehensive compliance solutions.

  • Enterprise cybersecurity

According to Statista, in 2022, total spending on cybersecurity technologies increased to 71.1 billion U.S. dollars, the largest amount recorded in the period under review. Look at some challenges to the organization made by this new technology.

  • Cybersecurity worries business leaders and tech executives due to known vulnerabilities hackers exploit. Increasing cyberspace access through tech advances amplifies potential issues for organizations.
  • A cyber attacker floods systems with simultaneous requests, overwhelming networks and exposing vulnerabilities for exploitation. This method’s complexity grows with evolving technology, demanding organizations to stay updated for protection.
  • Cyber attackers find small businesses attractive targets due to their limited computer infrastructures, which can serve as entry points to larger targets. Typically lacking robust security protocols, small businesses are vulnerable to theft.
  • Cryptocurrencies and blockchain are on the rise in business. However, cyber attackers exploit gaps due to inadequate security infrastructure. Using blockchain requires robust cybersecurity, especially in emerging markets.

  • Cloud computing challenges

Statista 2023 report on global cloud technology experts highlighted the main challenges of cloud computing. 82% faced significant hurdles in managing cloud spend, while security, governance, and other issues were also commonly cited. Let’s explore a technology-related challenge that is invisible to your organization.

  • Cloud computing can lead to significant costs for enterprises. Underoptimized resources, such as underutilized servers, contribute to hidden expenses. Degraded application performance, usage spikes, and unused resources further inflate prices.
  • Most companies employ hybrid cloud strategies, which can complicate infrastructure management. This complexity arises from dealing with various cloud providers, making the process challenging for IT teams.
  • Unsatisfactory cloud performance can lead to user attrition and reduced profits. Even slight latency when loading apps or web pages can cause a significant decline in user engagement.
  • Shifting between cloud providers in an organization is complex. Apps must be rewritten to match new cloud stacks, restricting flexibility.

Conclusion

The rapid pace of technological advancement is astonishing, and customer expectations are constantly on the rise. Leaders across various sectors capitalize on technological possibilities to strengthen their brands, improve sales strategies, and engage with their customer base.

Challenges of implementing new technology in an organization can be tackled by adopting effective strategies to position themselves for success in an ever-changing technological realm.

Adopting strategic approaches helps organizations address the challenges of implementing new technology in an organization, positioning them for success within the rapidly evolving technological landscape.

One can stay abreast of technological advancements and business trends by investing in research and development, continuous learning and training, upgrading cloud and infrastructure, monitoring and analytics, embracing digital transformation, and staying knowledgeable about pertinent regulations and compliance.

Enhance your expertise by accessing a range of valuable technology-related whitepapers in our resource center.