Investing in the right technologies is vital to the long-term health of your business. Technology offers a solution for everything these days, and choosing the right vendor can accelerate your growth, delight your customers and build trust in your brand with unrivaled speed and precision.
Investing in technology is only becoming more vital for businesses with long term revenue goals. Global business investments in technology are expected to reach $2.8 trillion in 2025 – more than double the amount spent in 2020.
So what’s the right technology for you? Where should your company focus its time and resources in 2022? That will depend largely on the unique needs of your business and customer base. But there are several foundational technologies and security measures that most companies should think about implementing in the new year.
Here are the types of technology all businesses need in 2022.
The last two years have seen rapid adoption of remote and hybrid workforces, with little sign of reverting back to an exclusively in-office setting.
As your business defines (or redefines) its workplace policies, it’s critical that your security is in lockstep – especially with a distributed workforce.
If your company no longer works from a common location, you need to know exactly who is accessing your organization’s network, applications and data. That’s why 76% of companies are adopting a zero-trust security framework, according to Microsoft.
Zero-trust requires users to be authenticated, authorized and continuously validated through multi-factor authentication and endpoint security to access a company’s network. Perhaps more importantly, because zero-trust applies to all resources and applications individually, it can also limit the overall impact of a breach if one does occur.
Zero-trust security supports digital transformation and helps combat threats like ransomware — but cyberattacks come in many forms. Today’s cybersecurity requires a dynamic, cooperative ecosystem to support your entire IT infrastructure.
A cybersecurity mesh is a defense strategy that secures each device independently and helps you deploy your security tools where they are most needed. This enables greater scalability, flexibility and control of all types of company assets, allowing security resources to manage threats to individual assets as they pop up.
According to Gartner, by 2024, organizations adopting a cybersecurity mesh architecture will reduce the financial impact of security incidents by an average of 90%.
The term “automation” can be a daunting one, but the truth is automation can bring speed, accuracy and transparency to core business processes – often without needing to increase headcount.
For example, low-code/no-code platforms allow users to automate application builds with drag-and-drop components that require little to no coding. This gives you immediate time-to-value returns, solutions that are easy to scale and new ways to nurture the relationship between your tech leads and the broader business.
Transaction management solutions
If you still rely on paper processes, they may be holding your business back.
It’s not just the cost of paper and the journey from printer to signer and back, but it’s the long-term care for the document. Paper needs to be collected, cataloged, stored and eventually shredded, which is costly both in terms of the space to store it and the human capital to maintain it.
In a digital world, paper transactions no longer make sense for most businesses.
Moving your business online means building an ecosystem for safer, smarter, simpler transactions. eSignature solutions saw explosive growth from the pandemic and are expected to reach a market value of $12 billion by 2030. But eSign is merely the ground floor for digital transaction potential.
Online notarization and other transaction management solutions support more complex agreements and lend greater flexibility, transparency and confidence to signers and businesses alike. These technologies enable a roadmap to scalability by facilitating more streamlined and efficient processes.
Prioritizing the health of your business with modern, innovative technologies will set you on course for more than just a successful 2022. It will position you to win new customers, retain your most loyal partners and grow the reach of your business.