Opportunity Analysis Project (OAP)

Businesses’ Innovation

Name

Institution

Professor

Course

Date

In businesses, risks are major drawbacks of their progress as they limit the flow of the finance and income in a business. With the current research done in field, it is clear that various underlying factors in varied businesses that hinder their growth and as a result makes them less competitive in global market (Sadeghi, Wachsmann & Waidner, 2015). Concerning this paper, major emphasis would be on the risk that has been left under Automobile Company without been addressed and possible measures that are supposed to be taken. In particular, the main risk that is unaddressed in Automobile Company is cyber security.

In regard to the risk, it has resulted into the negative impact in the business as it normally experience regular security threats that contributes to the business not standing a chance to make hold of the clients. In other words, erosion o the customer loyalty has been experienced in the business for a long period of the time (Sadeghi, Wachsmann & Waidner, 2015). Additionally, there has been a continuous drop of the sales volumes made by the firm simply because firms offering the similar services and products have emerged out and integrated their security measures. The integration of the measure to counteract cyber security by such firms has given them added advantages on competing for the global market.

The business thus has been experiencing a challenge in installation of the security measures as a way of regaining back customer loyalty and at the same time improves the sales volume. The challenge behind integration of the security measures and operating systems of the company has been due to the fact that the managers in the firm have no adequate skills to deploy (Porter, & Heppelmann, 2014). At the same time, the managers lack enough entrepreneur skills that are highly recommended or the innovation as well as means of making valid decisions that are out to help the business enterprise. In order to give a valid solution for the mentioned problem, the stakeholders of the business are supposed to be advised on the need for hiring artificial intelligence. At the same time, they are supposed to be fed with the roles that are played by the AI in any business. The above is supposed to be done by the information technology managers as they really understands the kind of the problem that they business is and is out to face if the situation continuous (Sadeghi, Wachsmann & Waidner, 2015). Besides hiring the services of AI, the stakeholders are also supposed to support any project proposed by the AI in relation to integration of Automobiles’ operating systems.

In addressing the issue, it is important looking at the main cause of the challenge and its origin. It is also important to study the operational system of the business and understand the loopholes that make the firm be vulnerable for the cyber attack (Porter, & Heppelmann, 2014). In regard to the research done on the operational system of the firm of our interest, it is found that the system does not stand a chance to convey all the required information to the interest destinations. In other words, cloud computing has not yet been integrated ell in the system. This has been noted as the main reason behind the continued attack of the business (Yi, Qin & Li, 2015). At the same time, the database platform of the firm has not been secured effectively. Owing to the above reason, unauthorized individuals hence making the customers loose trust in the firm as the hackers could use their information stored in the firm to hacker their personal accounts can easily access personal information in the firm. The above system diagrammatically is represented as shown below

In order to solve the issue, a system desired I supposed to highly consider the weaknesses that are associated with the above information storage system. The system is supposed to centralize all the operation within the system (Yi, Qin & Li, 2015). Besides such, the desired security measure required I supposed to be sensitive enough to any form of insecure practices within the firm. In terms of logins, it is supposed to detect any wrong authentications bearing in mind that the hackers in most cases tends to sent wrong login into the site so they can receive correct login in the URL. Consequently, they end up getting an access of the data stored in the database. In order for the firm to solve such kind of the problem, the firm is supposed to deploy wearable computing that involves usage of the wristwatches (Porter & Heppelmann, 2014). In an incidence where the hackers tends to practice such unauthorized practices, the managers would be notified by the system though the wearable computing and hence make necessary adjustments. The system design is supposed to be as follows

In conclusion, wearable computing would play an important role in restoring cyber security in the firm. At the same time, the firm would automatically have an ability to easily compete other firms offering similar services. In this conjunction, the firm would increase its sales volume, as it would automatically win customer’s loyalty.

References

Porter, M. E., & Heppelmann, J. E. (2014). How smart, connected products are transforming competition. Harvard business review, 92(11), 64-88.

Sadeghi, A. R., Wachsmann, C., & Waidner, M. (2015, June). Security and privacy challenges in industrial internet of things. In Design Automation Conference (DAC), 2015 52nd ACM/EDAC/IEEE (pp. 1-6). IEEE.

Yi, S., Qin, Z., & Li, Q. (2015, August). Security and privacy issues of fog computing: A survey. In International conference on wireless algorithms, systems, and applications (pp. 685- 695). Springer, Cham.