So, what are some of the most important technological advances to consider for business in our era?

Cybersecurity with blockchain

Blockchain is a way of organizing information into block structures. This seeks for data to be in packets that are linked to each other as in a chain, forcing any intervention on a specific piece of data to affect the rest of the chain. Thus, entering into, or altering without permissions, the information, becomes practically impossible, as one would need to have control of the entire chain to be able to do so without leaving traces and without being detected. For this reason, blockchain is one of the most important options in cybersecurity at the moment.

The decentralized, consensus-driven, trustless nature of blockchain makes it naturally resilient to attack. For those blockchain solutions utilizing proof of work validation methods (such as bitcoin), hackers have to gain control of a majority of nodes to compromise ledger transactions — something that is, by design, computationally expensive. This computational cost can be extended to other types of operations in a security scheme, reducing the need for a trusted central authority. (forbes.com)

Data analytics

In such a changing environment everything becomes more difficult to predict. However, the same technology that brings new speed can bring the possibility of better prediction of future business behaviors and environments. The way to do this is to take all the information of a business and make deep and dynamic analyses that allow better decisions to be made long before the problematic situations arise.

A business can use data to create a customized shopping experience for customers, prompting a website to suggest products that customers are likely to purchase. Businesses can analyze their competitors in real time, so they can adjust prices, make offers that are better than their competitors’ sales, and even analyze a competitor’s negative reviews to determine how they can out-perform that competitor. Data can also help businesses to optimize their workflow and improve employee performance. By monitoring employee performance, human resources departments can better understand how employees spend much of their day, identifying areas in the workflow where efficiency is lost. (insidebigdata.com)

Low-Code software

Finally, one of the key technologies of this new business era is low-code software, which aims to enable users to create new applications for their functions without having a high level of programming knowledge or the use of complex codes to program and generate business software.

All these are functionalities and technological innovations that we have very present in the development of Dexon solutions, especially in our Business Process Management suite. Therefore, this is a flexible and adaptable tool to the new demands of information, and serves to support any of the technologies we have mentioned, while strengthening and streamlining the entire corporate operation.