Keeping up with technology trends in 2024: Business secrets to leading the market

Privacy and AI governance will become top business priorities

2023 will see the emergence of many Artificial Intelligence (AI) regulations in many different countries, including Singapore's AI Verification program, Malaysia's National AI Roadmap 2021-2025, and the Philippines National AI Strategy. These are signs that the imposition of similar policies in the future is inevitable.

According to a report from IDC, the region is already leveraging favorable regulatory foundations to exploit the potential of GenAI, with two-thirds of organizations in Asia-Pacific exploring potential new applications. or have invested in this technology. With AI integrated into every aspect of business, disruptive technologies (like deepfakes and augmented reality) threaten privacy and pose significant risks. These technologies need to be closely monitored for both public and private use. In the effort to ensure the ethical, transparent and fair use of technology, AI governance will become critically important for businesses. Privacy will be at the core of every business in the future, and protecting privacy will become the responsibility of every individual in the organization.

Businesses will focus on adapting to large language models (LLMs)

Since the advent of AI, businesses have leveraged the technology's capabilities to perform predictive analytics and automate low-skill tasks. However, AI's limited applications and major technical difficulties require AI training models that can serve every aspect of a business. LLM systems developed specifically for businesses enable both employees and customers to have in-depth conversations about the business's products/services and better navigate software tools. software is developing.

The power of coordination extends across the entire enterprise

In recent times, many businesses have undergone digital transformation to carry out their key tasks online. This transition has posed the challenge of fragmentation - breaking data into separate parts and hindering the flow of information. Businesses can solve this problem by harnessing the power of orchestration, which enables the building of interconnected digital processes that lead to workflow automation and streamlining operations. dynamic. By adopting these user-friendly and accessible orchestration technologies, organizations will be able to tackle complex tasks and survive in today's digital business environment.

Digital-first experiences will evolve to become more secure

Following the shift from traditional working methods to digital platforms, we will see organizations integrating contemporary IT management tools to deliver a comprehensive and secure digitalization journey. In 2024, businesses will also adopt an identity-centric approach, ensuring that only authorized individuals are granted access and permissions, thereby protecting identities and data their. Going a step further, cloud infrastructure and decentralized management will be deployed to increase granular visibility and mitigate threats by providing a comprehensive view of identities and authority across diverse cloud environments. Such solutions will together strengthen security and deliver a completely secure digital experience to end users.

The ability to resist cyber attacks will become key

Today's technology landscape poses a series of challenges that have slowed the growth of modern companies. These challenges include the geopolitical environment, technological disruption, cyber threats, competitive pressures and many other factors, but all of these can be easily faced than when we have a strategic plan. Analyst firm IDC points out that spending on security hardware, services and software in the Asia-Pacific region (including Japan) is expected to reach $36 billion by 2023, an increase of 16 .7% compared to the previous year. According to a report from the Ministry of Information and Communications, revenue in the first 6 months of 2023 in Vietnam's information security sector reached VND 2,154 billion, an increase of 14.3% over the same period last year.

The trend of increasing investment in the field of information security shows that Vietnamese organizations and businesses are gradually interested in measures to protect digital assets and digital data, especially in the context of transformation. change number now.

In 2024, we will see more companies actively investing in plans that deliver the tools, solutions and culture needed to improve overall cyber attack resistance. As a result, resilience to cyberattacks will emerge as a key business differentiator, helping organizations succeed in a complex global market landscape.

Reference source: Summary

Compiled by the DTSVN author group - Digital transformation solutions for the Finance and Banking industry.

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