Digitization has truly revolutionized our lives. Since the invention of computers and the internet and internet applications, the world has seen significant evolution from the physical world to the digital world.
With this technological advancement, many changes could be seen at the enterprises level on how this technological improvement is being used by the employees, the employers, and the stakeholders and how they use technology to increase their creative value.

The technological advancement has put tremendous pressure on the companies to change their approach and strategies. The additional performance pressure is driving the businesses to change at the fundamental levels.

Digitization has created opportunities for businesses and might help in short term efficiency improvements. Changing a big traditional organization at the fundamental level is a difficult task.

But nobody knows where is the digital revolution taking us in the future. It becomes difficult to understand as to how changing the fundamentals impacts the future of the work and society as a whole.

Digitization is imposing unusual challenges in terms of data security, safety, privacy, and trust.

These challenges can be categorized into 3 main elements:

1. CYBERSECURITY: With the advent of various media apps and growing usage of plastic money along with how our various apps are linked to our personal information is making us vulnerable to various cyber-attacks. Cyber breaches are imposing serious problems for companies.

2. THE FUTURE OF THE JOBS: With the expansion of robotics technology and algorithmic computing, it is suspected to destroy the jobs and livelihood of many due to automation.

3. THE FUTURE OF THE SOCIETY: With the upsurge of social media and various network applications to keep in touch with friends and the family. There has been a paradigm shift in how we express and entertain ourselves.

As per a study, 27 percent of the children in England, who spend more than 3 hours on social media every day have high mental health issues.

Keeping in mind the various challenges of the digital revolution, it becomes important for the businesses to be aware of the cyber risks and be ready with the response plans or some kind of products and services to tackle such situations.

This is the only way to prevent organizations and customers from financial consequences and reputational damages.