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Hyperconnected and super secure global businesses

Unlocking the potential of hyperconnectivity empowers businesses to enhance communication, streamline data transmission, and effectively meet dynamic business demands. Here's how.

Categories: Connectivity, Digital transformation

15 Jan 2024

4 Mins

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Presently, through the wonders of technology, the world has become hyperconnected. And as technology continues to accelerate at never-before-seen speeds, the future is bound to be even more connected than it is now.

 

Hyperconnected and super secure global businesses
In 2023, there are already 5.18 billion Internet users around the world

In 2023, there are already 5.18 billion Internet users around the world, accounting for two-thirds of the global population.¹

Number of Internet users is estimated to reach 7 billion in 2028

The number of Internet users is estimated to reach 7 billion in 2028.²

4.88 billion people around the globe are social media users as of July 2023

4.88 billion people around the globe are social media users as of July 2023.³

 

To remain resilient and progressive, organisations need to embrace hyperconnectivity by adopting new technologies, integrating them into their processes, and using them to create cutting-edge services and products. This is especially true for businesses that have a global presence or have international workforces, offices, and sites.

 

A vast number of organisations have started to digitally transform their businesses — a critical endeavour that they kicked off by partnering with several technology service providers. 

80% of G2000 companies will, on average, interconnect with 4+ hyperscale providers and 30+ SaaS/business partners by 2026

80% of G2000 companies will, on average, interconnect with 4+ hyperscale providers and 30+ SaaS/business partners by 2026.

85% of global businesses will expand multicloud access across several regions by 2025

85% of global businesses will expand multicloud access across several regions by 2025.⁴

Enterprises that are keen on expanding their businesses, innovating their services and products, and reaching greater heights can leverage hyperconnectivity to achieve their business goals.

 

How organisations benefit from hyperconnected technologies

Businesses of all sizes can make the most of hyperconnectivity,5 which refers to Internet-connected technologies, to propel their businesses forward. Enterprises can use hyperconnected technologies to foster seamless communications and data transmission as well as meet great or fluctuating business demands. Hyperconnected technologies, such as the cloud, 5G, IoT and IIoT, AI and ML, and edge computing, are now integral parts of organisations’ IT infrastructure.

 

Digital technology spending by organisations is expected to grow at 3.5 times in 2023.⁶

The benefits of employing hyperconnected technologies

Employing hyperconnected technologies

Improved efficiency and lower costs. Hyperconnected technologies enable better communications, faster response times when there are tech issues or failures, and bring down costs.7

 

Enhanced data-driven decision making
and innovation.
Organisations can have access to large volumes of data from integrated sources. These can provide organisations with valuable insights that they can use to make decisions, that can result in innovative products, services, and user experiences.8

 

However, it’s important to note that as enterprises embrace change and adopt new technologies, their chances of running into security risks — including misconfigurations and vulnerabilities — grow bigger.

 

Hyperconnectivity risks

Data breaches9
Cybercriminals can extract valuable data for extortion or for selling to other cybercriminals in the cybercriminal underground.

 

Ransomware attacks in enterprises and IIoT environments
Ransomware attacks can shut down networks and cause major business disruptions.10

 

IoT vulnerabilities
When IoT vulnerabilities are exploited, cybercriminals can spread malware and weaponise vast numbers of compromised IoT devices in the form of botnets.11

 

There are many advantages to hyperconnected technologies, but to maximise them to their full potential, organisations need to have proper network management solutions in place.

 

The advantages of network management

Network management solutions provide organisations with network infrastructure, software, technical, and security that can support all of their hyperconnected technologies.

 

Network management solutions can effectively reduce downtime, improve operational resiliency, enhance security, and save organisations money.12

 

On top of these, network management can also support enterprises’ digital transformation endeavours, allowing them to adopt technologies while keeping their networks robust and secure.

 

Enterprises with complex IT infrastructures and interconnected technologies can benefit from Singtel Managed Network services’ simple provisioning, cost advantages, high resiliency, and fast recovery.

 

Experience the benefits of hyperconnected technologies with enhanced network visibility, security, and resiliency with Singtel Managed Network services.

 

References:

  1. Statista, Internet usage worldwide - Statistics & Facts, 2023.
  2. Statista, Number of Internet users worldwide from 2013 to 2028, 2023.
  3. Statista, Number of Internet and social media users worldwide as of July 2023, 2023.
  4. Equinix, Your ecosystem is now your infrastructure, 2022.
  5. PC Mag, Hyperconnected, n.d.
  6. IDC, By 2024, 50% of Asia-based 2000 Organizations' CEOs will Establish Strategic Personal Relationships with Their Cloud Providers, IDC Predicts, 2023.
  7. Insights for Professionals, Why Should You Care About Hyperconnectivity?, 2020.
  8. Netscribes, Hyperconnected ecosystem: A sustainable digital transformation to empower enterprises, 2023.
  9. IBM, What is a data breach?, 2022.
  10. SC Media, Industrial IoT ransomware attacks control systems directly, 2022.
  11. Trend Micro, Smart Yet Flawed: IoT Device Vulnerabilities Explained, 2020.
  12. Forbes, What Is Network Management? Definition And Best Practices, 2023.

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