This part is continuation of part IX. Choosing the right management team plays a fundamental role in the digitization of companies. According to a study by Russell Reynolds Associates, five personality traits make up the digital transformation leader. This type of manager is much more suitable to transform the company in terms of innovation, digitization and customer-centricity than classic … [Read more...]
Archives for December 2020
Effects of Digitization on Companies : Part IX
This article is continuation of part VIII. The term Internet of Things has been around longer than you might initially assume. The term first appeared around 15 years ago in connection with RFID technology. Since then, a lot has happened due to digitization, and so the Internet of Things has also changed. There is, therefore, no fixed definition of what is understood by the term Internet of … [Read more...]
What Homomorphic Encryption Can Do
When it comes to cryptography in the context of industry standards such as HTTPS (or SSL/TLS) or the end-to-end encryption of chats, one can assume that the encryption methods used are relatively secure and guarantee integrity. This is where homomorphic encryption differs significantly from conventional methods: For homomorphic encryption to work, the cipher suites must be designed to be … [Read more...]
What is SMS Phishing (Smishing)?
SMS phishing, also known as smishing uses text messages to deliver messages to bait people to expose their details. Smishing attacks typically invite the user to click on a landing page. The landing page is designed to extract the private data and credentials to other websites. Several factors have made smishing an attractive option to bait innocent peoples. First, sending bulk messages is … [Read more...]
Effects of Digitization on Companies : Part VIII
This article is continuation of part VII. Today, emails are a company's communication medium. Whether internally with colleagues or externally with the customer - most correspondence nowadays takes place via e-mail. An email is a general-purpose tool. On the one hand, you can use corporate mail guidelines to write official e-mails in which you can use prefabricated signatures, fonts and greetings. … [Read more...]
DIY Smart Plug vs Commercial Smart Plug
IoT stuffs changed the management of our country houses. Today, we can control the external lights from other house and can view the live videos via connected security cameras. Thieves and animals avoid houses which seem to be under control under human. Light-dependent resistor control and motion sensors alone are not great to exert the effect of human control of the house from a different house. … [Read more...]
What is Homomorphic Encryption?
In cryptography, homomorphic encryption is encryption that has certain algebraic characteristics that make it switch with a mathematical operation, i.e. the deciphering of the result of this operation on encrypted data gives the same result as this operation on unencrypted data; this property allows calculations to be entrusted to an external agent, without the data or results being available to … [Read more...]
Effects of Digitization on Companies : Part VII
This article is continuation of part VI. In the course of digitization, there is no chance of avoiding the topic of IT infrastructure. All technical applications, services or solutions are based on infrastructure. As a company, you have to decide how many resources you need and what you are willing to pay for them. The industry and the company's strategy play a major role here. The simplest … [Read more...]
Effects of Digitization on Companies : Part VI
This article is continuation of part V. The term e-company describes digital collaboration between companies. Companies that are legally independent of one another have the opportunity with the help of such electronic cooperations to appear as one company and to offer the joint service as such. There were essentially three reasons that could be blamed for the rise in electronic collaborations: … [Read more...]
Prospect of IoT in 2021
The Internet of Things is on an unbridled growth path: despite the Corona pandemic, investment in IoT projects has increased. By far the most important IoT application is quality control. The Internet of Things (IoT) continues to gain in importance and maturity which is shown by the results of the current studies. The number of companies that have implemented IoT projects has risen slightly to 51 … [Read more...]
Effects of Digitization on Companies : Part V
This part is continuation of part IV. The e-marketplace is an electronic marketplace which, as a virtual platform, relies on the digital networking of market participants. The advantage of electronic marketplaces is that any participant can electronically "enter" an e-marketplace of their choice without actually having to leave the house. Entering the e-marketplace is not tied to any time limit, … [Read more...]