We’re almost at the end of 2008.
It’s been a year of cutbacks, layoffs, crashes and downturns. We’ve started using the word recession and are planning 2009 budgets accordingly. So, what happens next year? Forrester Research recommends investing in agility and innovation to accelerate out of the downturn, in a recent CIO-geared webinar presented by Forrester principal analyst, Bobby Cameron.
While interacting with IT executives on budgets and planning, Forrester found that 21% expected their budgets to either grow or stay the same in 2009. But most are anticipating a stagnant or cut budget and have moved into one of three planning scenarios: cutting, anticipating cutting or keeping their options open.
Although Forrester found that most companies are focusing on traditional cost-cutting tactics (such as using low-cost resources, eliminating large-sized efforts and focusing on short-term returns), it has seen some firms choose an alternate path — investing what they can into agility and innovation.
Why? Agile companies (those that can rapidly shift suppliers, trading partners or markets) are more likely to navigate through failing firms and slow economies. Companies investing in innovation will look for new business models and product/service offerings (alongside operational improvements) instead of just hunkering down.
When investing in agility, Forrester says, companies should focus on flexibility. For IT, that means applying SOA and creating flexible external interfaces to data and systems so that companies can more easily shift or change contractors, suppliers or partners. Innovation investments, such as utilizing Web 2.0 technologies to establish and spread ideas, can positively affect core business strategies by engaging internal and external sources in meaningful dialogue – without over-extending budgets.
There is no all-encompassing recipe for success, and Forrester recommends addressing the downturn based on current situations and industry:
- Those already cutting budgets should execute on those plans to cut, while preparing to make deeper cuts if things don’t turn around. They should also consider investments in agility and innovation, but only if there is enough breathing room.
- Companies anticipating cuts should invest in agility and innovation, keeping the commitments small and the returns short-term.
- And those companies keeping their options open should pursue agility and innovation aggressively to maintain company health and leadership.
Keep your heads up – most pundits are expecting a leveling of the economy by the end of 2009. Are you ready for another 12 months?
Last Friday, the FBI issued a warning about a security vulnerability that could be used by cybercriminals to make vishing telephone scams.
Vishing (combining phishing and voice) uses Voice over IP (VoIP) features to gain access to company information. In this case, the flaw was found in a free and widely used open source toolkit – Asterisk.
According to a posting on the Internet Crime Complaint Center, hackers who gain access and exploit the Asterisk flaw can potentially auto-dial thousands of people in an hour.
Security risk news spreads like wildfire and the FBI vishing warning was no exception — bloggers everywhere began weighing in. It was quickly learned, however, that the security scuttlebutt was actually an old issue.
According to a Digium blog post, the bug was originally found in March (AST-2008-03, a SIP guest permissions problem) and was patched for 1.2 and 1.4 versions of the software (1.6 releases were not vulnerable). The bug did not allow the arbitrary setting of caller ID and would work in only a limited set of circumstances.
It sounds quite similar to the telephone scams already known, no VoIP hacking necessary! The Federal Communications Commission already warns us about everything from the Mexico Collect Call Scam to the 90# Telephone scam.
Just another reminder to keep your information safe by making your passwords safer … and do your homework before going off on new exploits.
Bank of America has introduced a new security feature for customers – the SafePass Card. Adding more protection to transactions, the SafePass Card is Bank of America’s next layer of secure online banking.
Smartphones are being used as digital wallets, mobile online banking is occurring more frequently and Wi-Fi access points are turning into cybercrime hotbeds. The Georgia Tech Information Security Center’s Emerging Cyber Threats Report for 2009 cited malware, botnets, cyberwarfare and threats to VoIP and mobile devices as the top security threats to be aware of – all of which aim to steal your data.
It’s no wonder one of our largest banks is looking to provide more online peace of mind. With keystroke loggers infesting email, IM and (the recently popularized) infected links on social networking sites, cybercriminals can steal your two-step login information and gain access to your account. For customers wanting added protection, the SafePass Card generates a six-digit, one-time pass code, necessary to complete online transactions. Customers can either receive the pass code via text message or by purchasing a wallet-sized card ($19.95) that generates the code (think chip and pin meets Magic 8 Ball)
And who wouldn’t want more secure online banking? Malicious programs are on the rise and many companies are not prepared for them. Naspera Networks recently issued the results of a corporate network security survey. Two hundred small and medium-sized enterprises answered a series of questions probing them on network security and potential threats. According to the results, most companies surveyed were not as secure as they could be (or wanted to be). What were the networks’ weakest links? Respondents cited as the primary offenders computers not kept up to date, Wi-Fi security and encryption practices, unknown threats from mobile workers and laptops, an increased need to provide guest access and an overall lack of policy governing endpoint security.
The SafePass is a step in the right direction. Just don’t lose the card … or your mobile phone.
Facebook is keeping people linked together both personally and professionally. Knowing that, it’s important to keep an eye on the security of your accounts on social networking sites — and the integrity of your online persona.
Facebook won an $873 million judgment against Adam Guerbuez of Montreal, after suing him for spamming Facebook users with sexually explicit messages. Guerbuez hacked into member profiles using phishing tricks to get users to give up their login details. Once in, Guerbuez used the compromised profiles to send out mass messages (4 million) to friends of friends.
My first thought when I heard about this: What if my account had been compromised and, as a result, my boss (and Facebook friend) received messages from my account touting male enhancement pills? That would certainly not be cool, Guerbuez. No poke for you.
One may ask why I would be Facebook friends with my boss — Facebook, the sacred, secret window into my personal life, littered with an assortment of pictures, wall posts and (dare I say it) “bumper stickers?” I keep it clean on my Facebook profile and usually follow the “don’t friend me, I’ll friend you” credo. I have noticed more and more people opting to have two Facebook accounts (although Facebook expressly forbids multiple profiles) – a personal one and a professional one. I have considered this myself but then thought, don’t I have a LinkedIn account for that? Furthermore, if someone searches for someone and finds two Facebook profiles (one with a Sears-style profile picture and one including a tequila shot-athon — both pictures clearly of that person) it may look a bit sketchy. Or smart?
Today, it’s especially important to keep it clean on Facebook – 22% of hiring managers check social networking sites before hiring someone. This number has doubled since 2006 and will continue to increase as an additional 9% of hiring managers plan on screening applicants online in the future. On top of that, 34% of the managers who screen have dropped candidates from their lists based on what was found in their profiles.
Ah, ’tis the season of good cheer – and omens for e-commerce site crashes alike! A retail industry site I’ve grown fond of, Evan Schuman’s StorefrontBacktalk, is predicting chaos in the land of online shopping as a result of rushed IT projects, more customer handoffs for functions like payment and shipping (PayPal, FedEx and the like) and integration with other third parties (Facebook, MySpace) where transactions can run into trouble.
While this is no laughing matter for an industry and an economy hovering on the brink, the site’s editors seem to be rubbing their hands at the prospect of some hot news stories, come the day known as Black Friday.These editors have launched a Twitter feed in which they’ll blast news of any site crashes or slowdowns, which will serve either to vindicate their predictions or, more optimistically, show that the retail engine is all tuned up for the marathon month ahead. So we’ll see – I’ve signed up for the feed and will update this blog as news unfolds (or, doesn’t). In the meantime, here’s something to be thankful for: that your transaction processing, load balancing and Web services aren’t quite so visible to the public eye.
Will Cyber Monday holiday shoppers hog all the bandwidth?
A recent Maritz Poll showed that expected Cyber Monday shopping is up from 20% last year to 26% this year.
According to the National Retail Federation’s eHoliday Survey, 84% of online retailers will have special Cyber Monday sales, up from last year’s 72%. Shopping dollars will undoubtedly be wisely spent this season, and retailers everywhere are competing for the sale.
With the online deals presumably drawing in more shoppers, will company networks feel the stress? Nearly 56% of workers plan on shopping online while in the office this year. According to a BIGresearch survey, 70% of people between the ages of 18-34 with Internet access will shop from work, with men being the ones most likely to shop (60% of men vs. 51% of women).
But will people really wait until Monday to start their online shopping forays? More households have high-speed Internet connections, eliminating the need to use office network connections on Monday. The online deals, however, may be the reason people hold off — so a spike in Web traffic over company networks is likely to occur.
Years ago, writing a “grateful” journal was all the rage. Helps to keep things in perspective (at least, that’s what Oprah told us). So, given that it’s been such a tough year for business, I thought I’d step back and see what I could find to be thankful for. Here’s my list.
5. I’m thankful for the idea of a Microsoft-free world (not that it would ever happen.) But, finally I see business ready for some changes in the technological hierarchy, experimenting with open source applications and operating systems. Mozilla Firefox and Google Chrome are fiercely competing with Internet Explorer – and are holding their own. It may be a long road, because legacy programs die hard, but the possibility is on the horizon.
4. I’m thankful for GOOGLE and its ability to just keep getting it right. The search engine giant with incredible apps (for both business and pleasure) introduced the G1 Google phone this year. Google is taking on Apple and Microsoft with browsers and search engines – and is now competing in the mobile device ring, welcoming open source applications. I must also thank the company for providing us with small-talk topics (“So, have you tried out the new Google Goggles?”) and connecting us with our peers on GTalk.
3. I’m thankful that we had a real example of how Web 2.0 and social networking could change the world. We saw the impact social networking and the Web generation had when it came to the election. Text messaging, Facebooking, blogging and Twittering were used by the masses to connect and promote – creating quite a stir and forever changing the way candidates campaign. From online health records to wikis, we are using the Web to manage our lives and keep us informed.
2. I’m thankful we’re all more aware of security risks. This year we’ve experienced everything from the San Francisco network lockout to concerns about VoIP and unified communications. The Emerging Cyber Threats Report for 2009 warns us of an even rockier future – estimating that 15% of online computers will be botnet-affected this year. There are no rose-colored glasses for looking at security – we know the risks.
1. I’m thankful that despite the economy, technology continues to flourish and companies continue to innovate. Even though budgets are getting cut and IT innovation is becoming more difficult, people are making it work. Costs can be cut by moving to green IT, virtualization and SaaS applications. Not too shabby
If my glass-half-full approach didn’t satisfy your appetite, check out this year’s list of tech turkeys compiled by Rachel Lebeaux, associate editor of SearchCIO.com.
The troubled economy has led some companies to lay off employees, and this year they are approaching it in a whole new way. No more discreet, hush-hush conversations – company news is being spread rapidly through blogs and other social networking tools.
Those who have grown up using the Internet are changing the way everything is handled. The Web generation, the 25- to 34-year-olds who learned how to use the Internet in school and grew up alongside it, are approaching the Web in new ways – they are using it to manage their lives. Social networking connects us on a new level — blogs keep us in the know and Twittering (although obnoxious) spreads information in seconds.
Mix that amount of accessibility with a troubled economy and you get a lot of people nervous very quickly.
How? People are already concerned about the economy. You can’t open the business section without seeing something “in crisis” or words like recession and downturn. But what about when you start reading your friends status messages on Facebook.
During some routine Facebook-stalking of my 455 closest friends, I recently came across a disturbing status message: So-and-so has been laid off.
Then comes the panic.
Within minutes, there were comments to the update wondering where they had worked, how many people were laid off, what were they going to do??
What happens next? The person who was laid off feels worse and everyone who looks at the status message starts to think, “This is going to be me!”
OK, granted, this person didn’t have to share with the Facebook community this particular brand of bad luck – but he did and he didn’t think twice about it.
Is anything really private anymore? A company can’t even lay off 1,500 individuals without being recognized in the blog world. Jeeze…
And I will never live down my first college newspaper articles. Deal with it.
Analyst firm IDC has predicted a significant slowdown in worldwide IT spending in 2009. The newly revised estimate brings IT spending at 2.6% growth in 2009, down from IDC’s earlier projection of 5.9% growth. In the United States alone, the August growth estimation for IT spending was 4.2%. Recently, the percentage was adjusted to 0.9% spending growth.
Everyone knows spending is down and budgets are tight, but the question remaining is: What now?
At the AMR Research Business Technology Conference 2008, held earlier this week, emphasis was placed on saving money and not just making money. Throughout the year, analysts have warned that companies would be putting the brakes on IT spending as the economy dipped towards a recession. Now that we’re here, what can we do?
– Go for green IT: Make the move towards virtualization, for instance. It reduces the number of necessary servers, which saves on power and cooling — thus saving you money.
– Get SaaS-y: It’s a way to grow quickly and inexpensively.
– Hold on to your good employees: Good employees will weather the storm along with you, and replacing highly skilled employees later on is costly. On that note, manage your employees well so they want to stay.
– Look to the future: The recession will lift. Maintain your IT innovation so you’ll be ahead of the game when it does.
More evidence this week that the Web 2.0/social media revolution may be advancing, but it ain’t here yet:
- Instant messaging hasn’t become the preferred method of communication among IT staff; nor has texting. We have Robert Half to thank for these insights: Of the 1,400 CIOs who took its recent survey, 79% cited email or phone as the preferred forms of communication among their staff.
OK, I’m being a little facetious. It’s hardly likely that decades-old ways of communicating in the corporate world will be swept away overnight, if ever, by technologies like these. IM and texting have their workplace functions, but they won’t replace email anytime soon. (Wikis and collaboration platforms might be another story… but they weren’t part of this survey.)
- Speaking of collaboration, that’s the oft-touted benefit of social networking platforms tailored for the enterprise. But having employees who like social networks such as Facebook or having developers enthusiastic to build something like it in-house doesn’t mean you’re ready to hop on the bandwagon. In fact, if you don’t have a company culture of collaboration, attempting to create one with Web 2.0 tools won’t work, warned experts at the AMR Research Business Technology Conference this week.
One practitioner who’s learned this lesson is Jason Harrison. He was involved in an effort to roll out a collaboration platform at an advertising agency. Though some 400 employees had joined a company Facebook group, the in-house effort failed. “We took it for granted that the workforce wanted to collaborate, and we were wrong,” he says.
Today, an implementation of SharePoint and NewsGator at another agency, Universal McCann, has proved much more successful for Harrison, who is now worldwide CIO for Mediabrands, a unit of Interpublic. Employees can search for documents to use in their client pitches, they easily picked up on how to tag content, and everyone can see the hottest content and most active users, he says.
- I liked some comments from AMR analyst Jonathan Yarmis, vice president of disruptive technologies. He called social technologies the “next wave of computing, building on task and process automation.” The workplace, he said, will be “transformed” over the next five years. And I’m sure the technical capabilities – in unified communications, document sharing and wikis, to name a few types of systems – will advance and seep into the way we all do our jobs.
But to embrace the large-scale change he infers, using existing and future tools to their capacity, probably involves some business process analysis, some supply chain analysis, some workflow automation. And that’s no small stuff. So let’s be glad we have time to really figure out what our business needs and if social media can provide it. While we should welcome the advancing Web 2.0 army, let’s be thankful it’s not here yet.