Bridging the Great Divide – The Convergence of Physical and Financial Technologies

As world economies mature, and more people begin to use the Internet as a regular part of their daily lives, one of the most important technologies to aid in these transactions will be the rise of virtual and augmented reality.

Reality is trending towards a converged reality. POS terminals became a norm at shops and restaurants, but were once again becoming more common at offices and service centers. As denser populations will grow the likelihood that services will be available in virtual reality will increase.

Virtualization is the tool that helps organizations to reduce operational costs while also allowing for a certain level of flexibility and agility. It has allowed millions of organizations to execute projects more efficiently without expending concrete financial resources.

AR is the technology that allows for a monitor to be placed in a vehicle and connected to another entity such as the Service Now site. The monitor can gather information from the store itself as well as from the customer’s existing records. All of this information is then presented to the customer through a website.

Web applications are becoming a powerful interface for delivering content, from online magazines to e-commerce site. The flexibility of the interface allows companies to design it to meet any dramatic change in their business requirements.

Most companies rely on several different transaction types, such as cash on delivery, vacuum inventory, making charges through the mail, and single-use tickets. However, with virtualization, a single transaction can be performed across multiple applications, thus reducing the possibility of human error.

Human errors are liable to cause information to be modified or lost. In cases like the former, the result may be accounts that are unable to satisfy obligations such as reporting fraudulent activity or tampering. The possibility of fraud is even more pronounced for customer service, which is arguably the most important part of a business. When your customer service department is not able to effectively communicate with you, you loose money and time.

To Design an Effective Security Control System

The first step in the process of security and vulnerability control for any organization is to define the risk. This must be done carefully, as the implications of not dealing with security risks will be vast. Every organization has a tolerance for risk, based on their history and the circumstances surrounding their security breaches.

Architecture for security that takes into account human behavior, cognitive flexibility, and psychological vulnerabilities forms the basis of an effective safety mechanism. A comprehensive scanning system that encompasses both physical and digital environments is the best way to protect your organization.

How Should You proceed?

First, develop a structure for your risk tolerance. Using this methodology will help you understand your most likely exposure to security threats and can help you develop appropriate safeguards. Now, you must find an algorithm that will reduce your risk of being hit by these security threats.

Secondly, develop a virtual index of all of your key files. All of your information should be listed in an easy-to-access location such as a CD. After all, it is a crucial reference for anybody who has information to hack with.

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