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The future of remote work: how technology is changing the way we work

by BusinessDigitalTechnology

Remote work has been on the rise for several years now, but the COVID-19 pandemic has accelerated its adoption at an unprecedented pace. Thanks to advances in technology, remote work has become a viable option for millions of workers around the world. But what does the future of remote work look like? In this article, we’ll explore how technology is changing the way we work, and what we can expect in the years to come.

One of the biggest advantages of remote work is flexibility. With the right tools, workers can work from anywhere, at any time. This means they can better manage their work-life balance, and avoid the daily commute. In addition, remote work can help companies save money on rent and other office expenses.

But remote work also presents new challenges, such as maintaining communication and collaboration between team members who may be scattered across different locations. This is where technology comes in. Collaboration tools such as Slack, Zoom, and Trello can help teams stay connected and work together seamlessly, no matter where they are located.

Another important aspect of remote work is data security. When employees work from home, they are accessing sensitive company data from their personal devices and home networks. This presents a significant risk to the security of that data. To address this challenge, companies can use tools such as virtual private networks (VPNs), two-factor authentication (2FA), and encryption to secure their data and prevent unauthorized access.

The future of remote work is likely to be a hybrid of in-office and remote work. Companies are beginning to realize the benefits of a flexible work environment, and are exploring ways to incorporate remote work into their business models. This could include offering employees the option to work from home a few days a week, or using a distributed workforce to tap into global talent.

In conclusion, remote work is here to stay, and technology is playing a key role in its evolution. As we look to the future, it’s clear that the way we work is changing, and those who are able to adapt and embrace these changes will be best positioned to succeed.

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Digital Money

by BusinessDigitalTechnology
  • What is digital money?

Digital money or currency is a form of money that only exists in electronic form. Digital money lacks a tangible form like a bill, check, or coin. It is booked and transmitted by electronic codes on computers. As technology becomes more promising, people are moving into the digitized world, including digital payments.

 

  • Detailed explanation of digital money:

New forms of technology now enable safer and smoother use of digital money. Digital money can be transferred and exchanged using technologies such as credit cards, smartphones and online cryptocurrency exchanges. Cryptocurrency refers to a type of digital money protected by cryptography, making it almost impossible to counterfeit or spend time. It exists through decentralized networks based on blockchain technology, which is essentially a ledger stored across a network of computers. The important feature of cryptocurrencies is that a central bank or government does not issue them, which frees them from the hurdle of government interference or manipulation. Digital money is traced back to the invention of the internet. In the first days, there were difficulties in getting the population to use digital money; however, as people become more comfortable with the technology and the technology itself becomes more secure, more people are now willing to use digital money.

 

  • What are examples of digital money?

The most common form of digital money is money held by banks and central government deposits. Institutions hold a certain level of capital to weather economic stress; however, the money is not kept in a safe in any physical location. Instead, it is hosted electronically in the form of digital money. Banks and central governments process transactions involving millions or billions of foreign currencies but do not use physical cash. Another prominent form of digital money is cryptocurrency. As explained above, it is a form of digital money that exists over a blockchain network. Some forms of cryptocurrency include

Ø  Bitcoin

Ø  Ethereum

Ø  Ripple

Ø  Litecoin

 

  • What are the risks of digital money?

Payment fraud is a major risk stemming from the increasing use of digital money. Payment fraud can be committed in many ways. Generally, however, it includes fraudulent or unauthorized transactions made by a cyber-criminal. Some common forms of payment fraud are

Ø  Fraudulent payments

Ø  Illegal payments

Ø  Insider manipulation

Ø  Data theft

Ø  Seizure and criminal offenses

 Since money is not physically transferred, it is impossible to know who is on the other side of a transaction. It offers cyber criminals opportunities to gain access to sensitive information or scam people with digital money.

We @CloudPloys provide cyber security for you to stay secured from the hackers and invasions. Get in contact with CloudPloys today to keep your digitalized payment safe. Stay tuned for more.

WFH

Permanent Work From Home – New HR Contract Model

by with No Comment BusinessDigitalTechnology

The most trending HR employee contract model now includes “Work from ANYWHERE” apart from the usual “Permanent |  Full-Time | Causal | Part-Time | etc.” This model essentially allows employees to choose whether they want to be full time at the Office | Home | Office and Home.

Spotify is the latest tech company which has recently adapted this model. The company will adhere to implementing extreme flexibility even around locations, giving employees the freedom to even choose the country and city where they would like to work from. The company has decided to provide co-working space memberships for its employees who choose to work remotely and at the same time desire for a dedicated workspace. Hence, giving them the best of both worlds!!!

We are seeing more and more big-scale companies adopting the remote work model as a more permanent and concrete option due to adversities caused by the Covid-19 pandemic. This framework will give more assurance to companies in leading a more persistent growth. 

With this dynamic shift in workplace concept, companies are at the forefront of reassessing their office spaces across the globe for increased perseverance, flexibility and prosperity to ensure that all of their operations, regardless of the situation, goes on unobstructedly, comfortably and efficiently. The main objective of this new employee roadmapping approach is to ensure that employees in the uncertain long-run have a permanent & backup place where they can perform with focus, collaborate without obstruction, innovate and recreate and the possibility of this should prevail whether at an office/home desk, in a conference room, a cafe or a co-working space.

Spotify is not the only tech company, there are other significant companies like Microsoft, Salesforce, Twitter, Square, etc. who have considered and implemented this dynamic employee contractual setting. Salesforce recently announced to let its employees choose whether they would consider coming into the office again? While Simultaneously emphasizing that the 9-to-5 workday routine is dead. Square and Twitter are letting employees work from home #wfh FOR GOOD! And lastly Microsoft also offered its workers high flexibility to work from home.

 

 

As evidently seen that we have a rising number of companies who are proactively considering remote work as a more permanent option due to the Covid-19 pandemic. I think it is time that all companies should prepare for the same and evolve with the changing time. The world is not the same anymore. In this world only the digitally adept will survive. @CloudPloys we help companies in upscaling and proofing their business against such adversities, so please reach out for a consultation and a relaxed discussion!