Sponsored Content by OutSystems

7 top technology challenges in 2020

The coronavirus outbreak forced companies around the world to adjust to a new reality that is itself still under construction. Although economies are timidly reopening, they do so while keeping an eye on the epidemiologic evolution to shape accordingly. And even though the future is still unknown, one thing is sure: as people adjust to this “new normal”, where the most mundane activities move to the online sphere, technology adoption will continue to skyrocket.

This poses opportunities for businesses to develop new digital strategies and even find new business streams. Still, it also entails a few challenges and risks that executives should keep in mind.

That said, here are 7 technology challenges that companies will face in the second half of 2020 and onwards.

1. Information security

As digital becomes the default, businesses must be extra vigilant in the detection and prevention of cyber threats.

According to the CSO Pandemic Impact Survey, 26% of the executives surveyed stated that they had seen an increase in the volume, severity, and scope of cyberattacks since March. Similarly, as remote work becomes the new norm, 61% expressed great concern about attacks targeting their work-from-home employees.

Phishing attacks, malspams, and ransomware attacks disguised as legitimate applications related to COVID-19 are the most common attacks, affecting not only remote employees but also end-users.

2. Cloud computing

Image Credits: Getty Images

The COVID crisis has boosted the adoption of cloud computing. In the Flexera 2020 State of the Cloud Report, 59% of the respondents said their cloud usage would be higher than planned before the virus outbreak. In a period of uncertainty, where employees work from home, cloud computing has been crucial to resume business as usual.

Although its benefits are well-known– scalability at the push of a button, accessibility from any device at any location, pay-per-usage pricing– there are still a few concerns that haven’t vanished and that executives still need to have in mind. The list includes security and privacy concerns, management complexity, vendor lock-in, performance, and access speed.

3. Integrations and upgrades

To stay competitive, companies need to constantly assess and improve their processes and technology. But customizing existing packages or aging systems takes time and money. The simplest solution is to integrate new tools with existing legacy technology, instead of rebuilding from scratch.

However, if not done with the proper training and management, it can impact the adoption of the new product.

4. Automation and robotics

With the sudden urgency to go digital, companies that had already invested in RPA, BPM, and other automation methods were in a better position to face the new business demands. Companies still relying on legacy processes were pushed to the limit and exposed to their inefficiencies and reliance on manual processing.

In times of crisis, where companies need to cut expenses, automation may not be a priority. But one thing that this crisis shows us is that automation matters.

However, executives need to be cautious when implementing RPA, and other automation technology, particularly when it comes to security and, as automation solves more complex business tasks, employee adoption.

5. Artificial intelligence and machine learning

We’ve been hearing about AI’s power and its disruptive capabilities for decades, but AI has now hit the mainstream. From facial recognition to language translators and assistants like Siri and Alexa, it is already part of the new normal.

But companies are also bringing AI into business operations to automate processes and enhance their customer and employee experience. AI can free employees from more laborious and time-consuming tasks to focus on creative and innovative projects. The technological challenge is how companies will manage the relationship between employees and AI machines, as the latter will replace the need for certain skills and increase the demand for others.

6. Skills gap

Image Credits: Getty Images

As the recent Speed of Change: How Fast Are You report showed, both business leaders and laggards are affected by skill shortages and talent gaps that hinder the rapid adoption of the modern IT architectures needed for agility.

21% more of the laggards described hiring “full-stack developers” as difficult or very difficult. Leaders have less of a challenge hiring full-stack developers because of the approaches and tools they use and because of the quality of the work they get to do. Rather than working on keeping legacy systems alive, they get to work on new projects.

7. Business continuity and disaster recovery plans

Business continuity and disaster recovery plans have been around for a long time, but with companies facing staffing shortages, and unavailable workers and services, they’ve gained new importance in 2020.

Although worldwide pandemics aren’t that common, natural disasters, human-made disasters, and security threats like malware attacks are quite common, and companies should be ready to ensure a smooth recovery process and continuity of operations.

Overcoming technology issues

These and more topics will be at the center of the discussion in our upcoming digital event, NextStep. Join us on September 15-16 to learn more about how you can transform these challenges into an opportunity. Here’s a sneak peek of what to expect:

  • Get key market insights from OutSystems experts and leading industry analysts
  • Learn about successful projects designed and developed by OutSystems partners
  • Connect with our customer success experts and see how to get the most value from OutSystems
  • Connect with a network of peers from around the world
  • Hear from customers how they achieved market-leading agility in response to the COVID crisis

More TechCrunch

After two years of preparation and four delays over the past several months due to technical glitches, Indian space startup Agnikul has successfully launched its first sub-orbital test vehicle, powered…

India’s Agnikul launches 3D-printed rocket in sub-orbital test after initial delays

Struggling EV startup Fisker has laid off hundreds of employees in a bid to stay alive, as it continues to search for funding, a buyout or prepare for bankruptcy. Workers…

Fisker cuts hundreds of workers in bid to keep EV startup alive

Chinese EV manufacturers face a new challenge in their pursuit of U.S. customers: a new House bill that would limit or ban the introduction of their connected vehicles. The bill,…

Chinese EV makers, and their connected vehicles, targeted by new House bill

With the release of iOS 18 later this year, Apple may again borrow ideas third-party apps. This time it’s Arc that could be among those affected.

Is Apple planning to ‘sherlock’ Arc?

TechCrunch Disrupt 2024 will be in San Francisco on October 28–30, and we’re already excited! This is the startup world’s main event, and it’s where you’ll find the knowledge, tools…

Meet Visa, Mercury, Artisan, Golub Capital and more at TC Disrupt 2024

As a part of a multi-part series, TechCrunch is highlighting women innovators — from academics to policymakers —in the field of AI.

The women in AI making a difference

Cadillac may seem a bit too traditional to hang its driving cap on EVs. And yet, that hasn’t stopped the GM brand from rolling out — or at least showing…

The Cadillac Optiq EV starts at $54,000 and is designed to hook young hipsters

Ifeel is being offered as part of an employer’s or insurance provider’s healthcare coverage.

Mental health insurance platform ifeel raises a $20 million Series B

Instead of opening the user’s actual browser or a WebView, Custom Tabs let users remain in their app while browsing.

Google Chrome becomes a ‘picture-in-picture’ app

Sanil Chawla remembers the meetings he had with countless artists in college. Those creatives were looking for one thing: sustainable economic infrastructure that could help them scale rather than drown…

Slingshot raises $2.2 million to provide financial services to artists

A startup called Firefly that’s tackling the thorny and growing issue of cloud asset management with an “infrastructure as code” solution has raised $23 million in funding. That comes on…

Firefly forges on after co-founder murdered by Hamas

Mistral, the French AI startup backed by Microsoft and valued at $6 billion, has released its first generative AI model for coding, dubbed Codestral. Like other code-generating models, Codestral is…

Mistral releases Codestral, its first generative AI model for code

Pinterest announced today that it is evolving its Creator Inclusion Fund to now be called the Pinterest Inclusion Fund. Pinterest teamed up with Shopify’s Build Black and Build Native programs…

Pinterest expands its Creator Fund to allow founders

Alex Taub, a longtime founder with multiple exits under his belt, believes it’s time to disrupt the meme industry. “I have this big thesis that meme tech is going to…

This founder says meme tech is the next big thing

Lux, the startup behind popular pro photography app Halide and others, is venturing into video with its latest app launch. On Wednesday, the company announced Kino, a new video capture app…

Kino is a new iPhone app for videographers from the makers of Halide

DevOps startup Harness has shown itself to be an ambitious company, building a broad platform of services while also dabbling in M&A when it made sense to fill in functionality.…

Harness snags Split.io as it goes all in on feature flags and experiments

Microsoft’s Copilot, a generative AI-powered tool that can generate text as well as answer specific questions, is now available as an in-app chatbot on Telegram, the instant messaging app.  Currently…

Microsoft’s Copilot is now on Telegram

HBO’s new documentary, “MoviePass, MovieCrash,” tells a story that many of us know about: how MoviePass, the subscription-based movie ticketing startup, was a catastrophic failure. After a series of mishaps…

MoviePass co-founders speak their truth in HBO’s new documentary 

The watch features a variety of different 3D games, unlocking more play time the more kids move.

Fitbit’s new kid smartwatch is a little Wiimote, a little Tamagotchi

In the video, a crowd is roaring at a packed summer music festival. As a beat starts playing over the speakers, the performer finally walks onstage: It’s the Joker. Clad…

Discord has become an unlikely center for the generative AI boom

After the Wirecard scandal, Germany’s financial regulator BaFin started to look more closely at young fintech startups that wanted to grow at a rapid pace — it’s better to be…

Germany’s financial regulator ends anti-money laundering cap on N26 signups after $10M fine

Among other things, this includes the ability to trace code from source to binary packages across both platforms, single sign-on support and unified project structures.

JFrog and GitHub team up to closely integrate their source code and binary platforms

The company’s public fund disbursement and e-commerce platform makes accepting school tuition and enabling educational enrichment more accessible. 

Tech startup Odyssey goes on journey to help states implement school choice programs

A new startup called Kinnect aims to help people privately save generational memories, traditions, recipes and more. The company’s app, launched this month, lets people create invite-only spaces where they…

Kinnect’s new app aims to help families record and store generational memories

Spotify has hiked its premium subscription in France by an eye-watering €0.13, in response to a new music-streaming tax.

Spotify hikes subscription price in France by 1.2% to match new music-streaming tax

The European Union has taken the wraps off the structure of the new AI Office, the ecosystem-building and oversight body that’s being established under the bloc’s AI Act. The risk-based…

With the EU AI Act incoming this summer, the bloc lays out its plan for AI governance

Solutions by Text, a company that gives people a way to pay their bills and apply for loans via text messaging, has secured $110 million in new growth funding. Edison…

Bootstrapped for over a decade, this Dallas company just secured $110M to help people pay bills by text

Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank…

Relay raises $32.2 million to help smaller businesses manage their cash flow

When other firms were investing and raising eye-popping sums, Clean Energy Ventures took a different approach. It appears to be paying off.

How Clean Energy Ventures avoided the pandemic bubble and raised a $305M fund

PwC, the management consulting giant, will become OpenAI’s biggest customer to date, covering 100,000 users.

OpenAI signs 100K PwC workers to ChatGPT’s enterprise tier as PwC becomes its first resale partner