The next, more mature stage of the connectivity will be powered by three key elements: the internet of things, machine learning, and 5G. The constant growth of online services and internet of things (IoT) devices generate massive amounts of data, which can be sorted via machine learning algorithms. 5G connectivity accelerates the data transfer and allows the process to scale even further. Unfortunately, the digital transformation won’t reach its potential unless consumers can trust that all of the data they generate through their devices is private and safe. Many companies today are doing a poor job addressing this need.
Two Sides Of The Connectivity
Today, advanced connectivity is both valuable and risky. While it’s convenient to use smart home devices, they are vulnerable to cyber threats and may even be recording you without your knowledge. Social media is a great tool to connect — until your data gets harvested by third parties. Web tracking tools are supposed to personalize the experience, but they are often used to display advertisements instead.
A recent Eurobarometer study revealed that 87% of Europeans surveyed avoid disclosing personal information online. Last year, a company surveyed a representative sample of 2,600 smart homeowners and found that 87.3% were “highly concerned” about losing personal and contact information, while 77.5% worry about unauthorized remote access to their connected devices.
Despite the awareness, more than 2.2 billion user records have already been breached due to a combination of reckless data security by enterprises and lack of personal cybersecurity efforts by users. That includes social security numbers, driver’s license numbers, and other personal and financial information. The lack of cybersecurity and privacy is a huge risk for digital transformation.
The Fastcomm Advantage
Fastcomm’s business is to build technology platforms that empower its clients to digitally transform their businesses and therefore to understand and address the growing needs of their customers. Our mission is to build long-term technology partnerships that help transform companies, allowing them to concentrate on their core business.
We have a proven track record of understanding disruptive technologies and the effect that they have on businesses. We have built platforms in the IOT and OTT technology domains that allow us to connect people, places and things successfully.
The Fastcomm group of companies have been providing solutions to its partners, since 2002. We have offices in the USA, Europe and South Africa, allowing us to produce innovative solutions, utilizing know-how and skills acquired worldwide.
Our skilled engineering teams have, over many years, created platforms and building blocks that allow for rapid development and deployment of solutions.