Cyber technology and business development are a pair of methods that can help businesses grow and succeed. But, businesses must implement these systems and practices cautiously and in a timely manner, since they are susceptible to cyberattacks.
Business Development
Business development includes finding new opportunities, establishing and maintaining relationships with customers, forming strategic partnerships, and creating plans to increase profits. These initiatives can affect virtually every aspect of a business, from marketing to sales to human resources.
The right team in place is also key to success in business development. Teams that succeed are usually defined by leadership skills and vision as well as the ability to work with people from different backgrounds. They are able to clarify issues, establish reasonable deadlines, manage resources efficiently, and monitor progress to ensure timely completion. They must also uphold the highest standards of integrity, morality, and confidentiality.
Cybersecurity
Federal agencies are required to continually adjust their cybersecurity strategies in order to keep up with the rapid pace of technology advancements. However the same technologies that can improve the user experience may expose organizations’ due diligence data potential to increased risks such as data security breaches and malicious advantages of horizontal integration activities. So, the government must ensure that new technology deployments are accompanied by appropriate risk-taking and training for its employees.