Reflections on 2022: What We Learned and What We Accomplished
One thing is certain as we reflect on the year 2022: the Protected Harbor team has grown as individuals and as a company. We have faced the challenges of a global pandemic, economic downturn, and social unrest with resilience and courage. We have seen cyber-attacks that have impacted almost every industry and businesses of all sizes. We have also embraced the power of technology, which has enabled us to stay connected and create a meaningful change for our clients. Despite the many challenges, we have emerged as a more united and engaged team, better prepared to face the future.
Challenges Our Team Faced During the Year
Environments for Enterprise Technology are Getting More Complex – Businesses were forced to embrace a more complicated and extensive enterprise technology infrastructure and systems due to expanding commercial operations, increased markets, and interconnected worldwide business circumstances. As a result, managing the infrastructure became more challenging. Finding flaws or compromises becomes increasingly difficult as the system becomes more complicated.
Because CTOs (Chief Technology Officers) oversee these problems, this increases their stress.
Data Breaches and Cyber-Attacks – The increasing use of personal devices, such as smartphones and wearable technology, exacerbated the risk of data breaches, placing critical infrastructures and sensitive data at greater risk. More sophisticated attackers and artificial intelligence-driven tools made detecting and preventing attacks more challenging.
Technology’s Role in Overcoming Challenges
Using artificial intelligence (AI) tools and machine learning has helped businesses to overcome many of the challenges they faced in 2022. AI was used to detect abnormal activity in operational systems, assisting companies in managing complex datasets better. AI was also used to automate the onboarding process for new employees to reduce bias and provide consistent review results. AI even helped healthcare providers to rapidly analyze and interpret massive amounts of health data to detect disease outbreaks and develop new treatments and vaccines.
New technologies, such as blockchain and quantum computing, were used to secure data and provide increased trust between parties, such as supply chain partners. The Internet of Things (IoT) was used to create smart environments, reduce energy usage, and provide better experiences for customers. Newer technologies, such as 5G, helped businesses to scale and provide both reliable and fast connectivity. Augmented and virtual reality was used to create immersive experiences, improve training, and engage customers.
Cybersecurity Risks and Solutions
The continued threat of cyber-attacks and data breaches increased during the year 2022. Cybercrime is typically estimated to cost businesses around $600 billion in lost revenue each year. Most companies must create an effective cybersecurity strategy or implement best practices.
A greater focus on cybersecurity education and training would help businesses to better protect themselves. Implementing the GDPR (General Data Protection Regulation), designed to protect EU citizens’ data, is a positive sign that companies are taking cybersecurity far more seriously than before. However, more can be done to help businesses to better protect themselves. Implementing better data management and protection tools, such as encryption and multi-factor authentication, would be a start to better protect enterprises from cyber-attacks.
What We Have Learned From the Year 2022
Everyone agrees that the pandemic has dramatically increased the complexity and scope of the difficulties companies face. But, as part of their duties, leaders must be ready to meet such challenges head-on. Technology is advancing at a never-before-seen rate, and it keeps upgrading industries for the better. All CTOs working within the corporate world will face the same difficulties as others and it will soon become apparent. Even though challenges have newer aspects, all of them are manageable.
Companies will benefit from developing technologies like AI and machine learning. Having an offshore development business at your disposal can alleviate many of your concerns. You can get all the knowledge and experience you need for the company’s successful technical transitions without worrying about it.
What We Have Accomplished in the Year 2022
We have now reached a stage where we can say that we are a robust and secure data warehouse. Our team has achieved an ideal state where the number of threats to our data warehouse has dropped to zero. We can now expand our capabilities and serve millions of new customers.
In order to accomplish these targets, we have invested heavily in hiring new talent, building new infrastructure, and upgrading our existing technology to ensure that we stay ahead of the curve and continue providing state-of-the-art service to our users. We have improved our ability to respond to and prevent cyber-attacks.
Looking Ahead to 2023 and Beyond
As we look ahead to the year 2023 and beyond, it is essential to note that the future will not be a linear path and that the world will continue to change.
Our strategic plan focuses on accelerating small businesses’ growth by empowering them with enhanced modern-day infrastructure and cybersecurity tools. We’re making big strides, but there’s still much work to be done. We have big plans for 2023, including expanding our security and monitoring capabilities with new AI-powered bots, launching an AI-powered recommendations engine, and extending our services for our partners and clients.
We’re also focused on growing our business in new ways, like extending our downloadable products feature beyond e-commerce and partnering with new companies to better serve our customers. We are excited for what the future holds.
Protected Harbor launches new resources daily to update clients and potential clients, on the latest threats as well as how to stay safe in the cyber world. Also, with our series Uptime with Richard Luna that is posted every Thursday, we discuss trending business topics and reassure any doubts for our viewers.
We want to extend a very special thank you to our customers for your loyalty and for choosing us as your trusted software vendor for the past two decades! Contact us to know how our experts can help you.