Daily Tech Digest - May 13, 2023

How to build employee careers through an internal talent marketplace

One of the biggest hurdles to the success of an internal talent marketplace is the reluctance that people managers show when it comes to letting talent go. This is especially true for top talent and individuals they believe to be critical to their success. To overcome this challenge, managers need to be coached to recognize how employing this concept is, in fact, beneficial for the organisation on the whole. Before implementing any such initiative, it is necessary for managers to understand the long-term purpose that an internal marketplace will help serve and how retaining top talent in a different role within the organisation is far more favourable than having them leave the organisation. ... It is also the organisation's responsibility to ensure that its employees are provided relevant learning opportunities. The keyword is relevant. Using the information gleaned from regular discussions and performance assessments, managers will be in a strong position to create learning/training initiatives that are aligned with individual and organisational goals. This will provide employees with the necessary impetus to upskill themselves before they apply for any other internal opportunities.

What it Really Takes to Transition from Entrepreneur to CEO

Once you realize you need others to succeed, there's a key step to take next: disconnect emotionally from the business. Of course, you still must care deeply about the business; you just need to realize you and the business are no longer one. This whole idea might sound counterintuitive, but it's important. After all, with most entrepreneurs, your business is an enormous part of your identity. But as you begin to embrace the CEO role, you have to start sharing the business with others for it to grow. Sometimes this is literal — in terms of equity that gets distributed — while other times, it's sharing things like responsibility and key decisions. ... But while the CEO sets the vision, yours is no longer the only one, as it likely was when you were a solitary business owner. As you build a team of strong leaders around you, each of those individuals will have their own opinions about where the company should be headed. The CEO's role is to align your team around a shared purpose, values and mission, but all of you must create this together.

The Business Case For Federated Data Governance & Access Control

Recent MIT-CISR research from Stephanie Woerner and others shows that 51% of enterprises are to this day, locked in silos, and 21% have a morass of tech debt stitching their companies together. Ross and her co-authors describe a situation where “80% of the company’s programming code (was) dedicated to linking disparate systems as opposed to creating new capabilities.” Scenarios like this are unfortunately common and lead to business architectures that aren’t agile, nor do they have the resources or capabilities that enable digital transformation. ... So, is there a better approach? Simply put, yes, but first I want to suggest that we need to consider data governance and access control as a system of systems. This means moving to what Gartner calls ‘Federated Data Governance’ – universal controls are applied to data by establishing a system of policies and controls. For example, in the case of the finance department, when controlling data around the end of the quarter or specific timeframe is important, localized controls should and can be put in place. 

Credential Hacking: The Dark Side of Artificial Intelligence

If we take a step back to design a layered defense approach, robust strong authentication is just one part of the holistic cybersecurity approach. For an entire security architecture to work effectively, zero trust must be integrated into the whole equation. To that end, there are two additional aspects—attestation and assumed breach—beyond simply authentication. AI helps in both these areas. In this new cybersecurity normal, breaches are inevitable. This widely accepted truth also means that it is not so much a matter of getting breached as it is a matter of having a rapid detection, containment and recovery so that significant business impact is not felt and cyber resilience is sustained after a breach. Assumed breach requires the continual upkeeping and ingestion of cyber threat intelligence so that new IoCs (Indicators of Compromise) and TTPs (Tactics, Techniques and Procedures) can be utilized to update the protective and detective measures to limit the blast radius of any successful attacks and to detect early for prompt containment.

How the IoT Is Integral to Automated Material Handling

IoT data often goes into cloud-based systems for easier access later. A leader might use such an interface to determine how many more parcels their company shipped after implementing automated material handling. They could also use IoT information to determine whether automation reduced injuries, product damage or other undesirable outcomes. Sometimes, IoT data can automatically correct a system’s processes for better results. Such was the case with one that used a predictive process adjustment module for automated storage and retrieval. ... If the IoT sensors picked up on something abnormal, the machine would make the necessary changes without human input. This technology is especially convenient for facilities that must meet high output goals and may not have large numbers of on-site team members to correct problems. Any automated material handling strategy should ideally include metrics people choose and follow before, during and after implementation. The IoT can aid people in selecting and monitoring appropriate statistics, thus providing insights into whether things are going well or if people should make adjustments to get optimal results.

Creating A Cybersecurity Disaster Recovery Plan

A chain is only as strong as its weakest link, and human error is still one of the leading causes of security incidents. According to the latest research, 82% of cybersecurity breaches are caused by human error, meaning cybersecurity education can eliminate all but the most complex threats. The overwhelming majority of people have good intentions, and so do most employees. However, some still don’t understand that “1234” isn’t a good password or that a Nigerian prince promising them a large sum of money is suspicious. To stay ahead of sloppy password use, organizations should mandate and enforce the use of strong passwords. Typically, a strong password is at least 8-12 characters long and includes a mix of uppercase and lowercase letters, numbers, and special characters. Employees must also regularly update passwords and refrain from using them across different accounts or services. Passwords must also avoid using common words, phrases, or personal information. Additionally, train employees to identify and report suspicious activities.

Business automation intensifies as data governance returns

The research indicates 2023 to be the year of automation, from the use of super-hyped generative artificial intelligence (AI) technologies such as ChatGPT to more traditional business and IT automation. Organisations in the EMEA region are planning to increase their use of automation more than North America and Asia-Pacific, according to the research. But in terms of a specific area of business applications, customer experience is well to the fore of investment projects. Some 43% said they will invest in customer experience software spanning marketing, sales and contact centre management. Stephanie Corby, practice director at TechTarget’s analyst division, Enterprise Strategy Group, says: “CX is a top business driver for enterprise organisations ... but the reality is that most organisations are still in the early stages of CX maturity and strategy. The complexity of CX technology stacks has created integration and adoption challenges that will inevitably drive conversion to platforms.”

Modern Data Management Platforms Are Vital For Solving Modern Data Management Problems

With the growing importance of data, it has also become essential to integrate data security and data protection into the broader security ecosystem for increased insight and responsiveness. The evolving nature of cyber threats makes a proactive approach essential, and Security Information and Event Management (SIEM) systems must be connected to easily feed alerts, events, and audit data to other platforms. This gives security teams greater visibility into anomalies and threats, improving responsiveness and mitigating risk. Ongoing global economic instability means that across industries, businesses need to improve cost efficiency and optimise budgets. Data can easily become a major cost centre for businesses, and yet there needs to be increased spend around security, especially for mission-critical areas. Intelligent technologies can help businesses reduce the time it takes to protect applications by improving efficiency of backups and scans, which is a quick and easy way of reducing costs.

Is the Big Data Lake Era Fading?

Data lakes undoubtedly offer benefits over the previous, more traditional approach of handling data, like ERP and CRM softwares. While the previous approach is more like small, self-owned, self-operated stores, data lakes can be compared to Walmart, where all the data can be found in a single place. However, as the technology matures, enterprises are finding that this approach also comes with its set of drawbacks. Without proper management, large data lakes can quickly become data swamps — unmanageable pools of dirty data. In fact, there are 3 paradigms in which data lakes can fall apart, namely complexity, data quality, and security. Flexibility is one of the biggest pros of maintaining a data lake, as they are large dumps of raw data in their native format. This data is also not stored in a hierarchical structure, instead using a flat architecture to store data. However, with this flexibility also comes with added complexity, meaning that talented data scientists and engineers need to trawl through this data to derive value out of it. This cannot be done without specialised talent to maintain and operate it.

How to Navigate Structured and Unstructured Data as a Healthcare Organization

Unstructured data is immensely valuable to healthcare. “If you approach it from a high level, clinical notes are a glimpse into the physician’s brain,” says Brian Laberge, solution engineer at software and solutions provider Wolters Kluwer. In addition, written notes often capture the severity of a patient’s health condition or nuanced nonclinical social needs far better than highly structured diagnostic codes, he adds. Clinical and administrative staff can easily parse free text for relevant information, such as a diagnosis or a treatment recommendation. The difficulty stems from what comes next. ... Patient-generated health data comes with its own set of concerns. While it may be available in real time from sources such as monitoring devices or digital therapeutics applications — and it may be structured in its own right — most of it is only transferrable into EHRs as unstructured summary reports, notes Natalie Schibell, vice president and principal analyst at Forrester. (The same is true of visit summaries that come from urgent care, retail health or telehealth providers not affiliated with a health system.)

Quote for the day:

"Making good decisions is a crucial skill at every level." -- Peter Drucker

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