• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • BlueBotics
    • SICK Sensor Intelligence
    • Vicor Power

4 Threats Tech Companies are Facing in 2022

March 23, 2022 by David Edwards Leave a Comment

Operating a business in today’s digital world brings more threats than ever. Globalization and the internet have increased profitability, but have also brought more risks.

For the technology sector, the threats are even more evident. This article will explore four major threats tech companies are facing in 2022.

Cybersecurity

Cyber attacks are targeting everyone, and the tech sector certainly isn’t the exception. Tech companies need to have strong security measures in place to protect their data from threat actors.

For starters, every business should have strong antivirus software, firewalls, and encryption in place. Using strong passwords is also a must, and a business password manager like this one can be of great use.

Another source of risk comes from third-party vendors. Tech companies collaborate with plenty of those for everyday operations.

Large amounts of sensitive data is shared with those vendors, increasing the risk of a data breach. Businesses must limit the amount of data they provide to these vendors and choose them very carefully with cybersecurity in mind.

Chip Shortages

Tech isn’t the only sector affected by the global chip shortage, but it’s where the shortage is most noticeable. Due to a series of events, from the pandemic to trade wars and unfortunate natural events, the demand for semiconductor chips far outweighs the production.

The end of this crisis is nowhere in sight, and tech companies have to look for more creative ways to adjust their supply chains. But, with Taiwan’s TSMC accounting for 53 percent of global semiconductor production, it’s hard to see where the new supply can come from.

To address this issue, governments and companies worldwide have started investing heavily in building chip production technology. But significant results can take years, if not decades, to come to fruition. In the meantime, shortages will remain a substantial threat for tech companies.

Disruptive Innovation

Disruptive innovation stands for innovation that creates a new market and demand. It replaces an older market with an improved product or service.

It’s hard to see innovation as a threat, but for some tech companies, it certainly is. New tech trends are emerging every day. Companies that don’t adapt to new tech trends will be left behind.

For the tech sector, periodical changes in the business model are imminent. Companies operating on old business models have to find a way to change and reinvent themselves. Otherwise, they risk being overrun by emerging start-ups growing at record speeds.

Talent Management

Highly-skilled workers in tech are in high demand. Companies that aren’t providing a complete set of benefits, including a 100 percent remote-working opportunity, run the risk of being overlooked by candidates who have plenty of other options.

With record growth, tech companies are hiring massively to meet demand. Finding talented individuals is hard enough, but keeping them can be just as challenging. Like changes in business models, companies have to adapt to global work-environment changes.

Candidates are also looking at company culture and values when making decisions. Investing in social and environmental causes can attract more talent. Solid and up-to-date governance practices are also critical.

Cybersecurity Threats are Growing

Tech companies are in a vulnerable position in 2022. Disruptive innovation can make their business model outdated at any time. Chip shortages are slowing production, and cybersecurity threats are growing.

Being aware of these threats and taking decisive action against them is critical for the company’s present and future.

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Technology Tagged With: business, chip, companies, cybersecurity, data, demand, innovation, production, risk, sector, tech, threats

Join the Robotics & Automation News community

Reader Interactions

You must log in to post a comment.

Primary Sidebar

Latest articles

  • Continental to unveil new autonomous mobile robots for first time at LogiMAT
  • GreyOrange raises $110 million for ‘growth financing’
  • Ally Robotics aims to raise $8.5 million to bring automation to the restaurant industry
  • ABB launches new robotic depalletizer to ‘reduce complexity and improve efficiency’
  • Switzerland’s largest trade fair celebrates its 20th anniversary with a promising edition
  • Seegrid launches online knowledge base for its autonomous mobile robots
  • Hydroplane highlights its hydrogen fuel cell powerplant development
  • How does Intralogistics support warehouse processes?
  • Einride unveils expanded product offerings for its autonomous trucks
  • Halodi selects Immervision to give ‘human-like’ vision to its humanoid robots

Most Read

  • Track your lost Android
    Track your lost Android
  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Top 20 programmable logic controller manufacturers
    Top 20 programmable logic controller manufacturers
  • The Best Mechanical Engineering Design Software in 2022
    The Best Mechanical Engineering Design Software in 2022
  • Scientists have found more water in space than they ever knew possible
    Scientists have found more water in space than they ever knew possible
  • Top 25 vertical farming companies
    Top 25 vertical farming companies
  • What You Need to Know About Fixing an Engine Misfire
    What You Need to Know About Fixing an Engine Misfire
  • Top 10 graphics processing unit manufacturers: Nvidia clearly in the lead
    Top 10 graphics processing unit manufacturers: Nvidia clearly in the lead
  • How sensors and actuators are being used to create self-driven vehicles
    How sensors and actuators are being used to create self-driven vehicles

Overused words

abb ai applications automated automation automotive autonomous business china companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse

Secondary Sidebar

Latest news

  • Continental to unveil new autonomous mobile robots for first time at LogiMAT
  • GreyOrange raises $110 million for ‘growth financing’
  • Ally Robotics aims to raise $8.5 million to bring automation to the restaurant industry
  • ABB launches new robotic depalletizer to ‘reduce complexity and improve efficiency’
  • Switzerland’s largest trade fair celebrates its 20th anniversary with a promising edition
  • Seegrid launches online knowledge base for its autonomous mobile robots
  • Hydroplane highlights its hydrogen fuel cell powerplant development
  • How does Intralogistics support warehouse processes?
  • Einride unveils expanded product offerings for its autonomous trucks
  • Halodi selects Immervision to give ‘human-like’ vision to its humanoid robots

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

March 2022
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Feb   Apr »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2022 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT