Companies of today need to embrace that data capital is a valuable asset with making key decisions in the company on competitive strategy level. It comes before financial investment on the developments of new services, products business processes. The digital data from their consumers offer better analytical insight on consumer facts with graphs. Every activity which involves digitization and datafication processes data from public, commercial to private sectors. In this article we’re going to look what big data means, why some consumers have concerns and how businesses profit from it.
Recently, ransomeware attacks on various hospitals and other healthcare facilities became mainstream media news. Today’s hackers aren’t only interesting in locking the computers of high profile companies, but target the health industry by demanding Bitcoin payments in exchange for unlocking their pc’s. Hospitals provide critical care and rely on the latest patient records. The patient-care can get delayed or halted, which can result in death or lawsuits against the hospital. According to S. Sjouwerman they ”have not trained their employees on cyber-security and hospitals don’t focus on cyber-security in general.” They focus on HiPAA compliance, which are the federal requirements about patient privacy protection. In this article you read about: why internet security software companies aren’t taken aback about these recent events and what kind of measurements hospital facilities can take to combat digital extortion.