InfinCE
  • Features
    • Overview
    • Custom Dashboards
    • Collaboration Apps
    • Productivity Tools
    • Business Phone System
    • Centralized IT Management
    • Private IT Infrastructure
    • Custom Branding
    • Curated App Marketplace
  • Solutions
    • By Function
      • Digital Workplace
      • Employee Engagement Platform
      • Remote Work Platform
      • Employee Intranet Platform
    • By Role
      • IT Managers
      • HR Managers
      • New Business Owner
    • Alternatives
      • Google Business Starter Alternative
      • Google Business Plus Alternative
  • Resources
    • Help
    • FAQs
    • Blogs
    • Videos
    • Case Studies
    • White Papers
    • Guides
    • Release Notes
  • Pricing
  • Request a Demo
  • Search
  • Start for Free

Transform your Data Sharing Practices to Win Customer Trust?

  • Business Software
  • Small Business

Data sharing is increasingly battling data-privacy concerns in an AI-dominated business society. As a result, organizations must be exceedingly cautious with any private, sensitive, or confidential data in the approaching era of data protection laws. Simultaneously, it is vital to exchange and collaborate data to stimulate innovation and discovery.

As enterprises make inroads into data-intensive AI applications, these multiple and sometimes contradictory objectives will become even more imperative. Organizations are not alone as they struggle to negotiate the twists and turns in the path to data sharing while maintaining data privacy. Many corporations and research organizations are working to assist them in addressing the difficulties at hand — and paving the way for a future in which data sharing does not conflict with data-privacy concerns.

Read more: 5 Ways Today’s Workplace Has Transitioned Digitally

Security concerns associated with Data Sharing

External sources listening on the network, unauthorized users, and internal users handing out the store endanger the integrity and privacy of data. This section describes the potentially dangerous conditions and assaults that could compromise your data.

  • Accidental Exposure – Many data breaches are consequences of negligence or exposure of sensitive data rather than a deliberate attempt. Employees in an organization frequently share, grant access, lose or mishandle valuable data, either accidentally or because they are unaware of security standards.
  • Data Tampering – With distributed setups comes the prospect that a malevolent third party can commit a computer crime by tampering with data as it passes between sites.
  • Eavesdropping and Data Theft – On the internet and Wide Area Network (WAN) environments, public carriers and private network owners frequently route their networks via insecure landlines, vulnerable microwave and satellite connections, or several servers. These tend to expose valuable data to any external party.
  • Ransomware – Ransomware is a significant threat to data. Ransomware is a virus that infects corporate devices and encrypts data, rendering it unusable without the decryption key.
  • Falsifying User Identities – Criminals steal users’ credit card numbers and then use them to make purchases on their accounts. Or they steal additional personal information such as checking account numbers and driver’s license numbers and use it to open phony credit accounts in the name of someone else. 
  • Accountability – If the system administrator cannot trace user activities, users cannot be held accountable for their actions.
  • Complex User Management Requirements – The complexity of handling user accounts and passwords in large-scale environments leaves your system exposed to errors and attacks.

Read more: Why is It Necessary to Safeguard Data Privacy in Project Management?

Data Sharing Security – Why it matters?

According to the Ponemon Institute’s Cost of Data Breach Study, the average cost of a data breach in the United States is $8 million. Furthermore, a data breach affected a total of 25,575 user accounts, meaning that, in addition to financial losses, such occurrences lead to a loss of customer trust and a damaged reputation. 

Almost everyone in the consumer goods sector understands that poor brand experiences can swiftly undo years of brand building, a hard-earned favorable reputation, and perhaps most significantly, the trust a customer places in a brand. In today’s age of big data and digital marketing, where consumer goods businesses and merchants build detailed profiles of individual consumers based on data sources, a single data breach can significantly undermine consumer trust.

Winning consumers’ trust will be critical in the future when customer data will be a source of competitive advantage. Companies open and honest about their data usage have the opportunity to win confidence. According to Gartner, firms who successfully build digital trust will engage in 50% more ecosystems, extending revenue generation by 2023. 

Businesses must transition to a mutually advantageous data approach that gives customers greater control and gives them authorization for direct access to high-quality data in return for improved, hyper-personalized solutions with enhanced security and privacy. For this, management must develop a culture, train executives, change its organizational architecture and operating model, and evolve skills, technology, and procedures to improve how customers interact with the company and its goods at every touchpoint.

Read more: All You Need to Know About Dashboards and Data Security

How InfinCE helps to boost Customer Trust

At InfinCE, we see data privacy and security as more than just a risk management issue; but as a possible strategic asset that can be a component of brand building and company reputation. When you subscribe to InfinCE, your valuable data is kept on a virtual private server that is accessible only by your organization. You may safely access your data from anywhere from across the globe through an internet-connected device. Except for the files you download, all data is stored on InfinCE and cannot get saved to a user’s computer. As a result, you get to broaden your business with InfinCE to achieve process improvements, cost reductions, rapid business growth, and, most importantly, increased customer trust.

Some interesting features of InfinCE include: 

  • Customizable Dashboards
  • Collaboration Apps
  • Branded Mobile App
  • Business Phone System
  • Domain Registration
  • Productivity Tools
  • Curated Application Marketplace
  • Virtual Private Server
  • Server and Storage Monitoring

InfinCE’s comprehensive approach, based on numerous layers of security that contribute to increased consumer trust, includes:

  • Improved Data Security – Enjoy complete data privacy by utilizing virtual private servers, firewalls, and encryption/password-based access controls.
  • Concierge Support – You get to use concierge support via email, phone, and live chat to assist firms in planning and deploying the best technology solutions to streamline operations.
  • Device Independence – Access the business management software from anywhere using any device and resume where you left off. 
  • Easy Scalability – Scale effortlessly as your business grows by expanding server capacity and storage space without incurring additional expenditures.
  •  Simplified IT Management – Build from the ground up, upgrade existing programs, or interface with your existing systems using a unified platform. 

Need assistance determining how to keep your data secure regardless of what? Talk to our experts for a quick tour of the InfinCE platform.

Simplify your business IT, centralize management, and collaborate seamlessly with InfinCE, the comprehensive cloud platform built for organizations. Start free and scale as your business grows by unlocking all features with our paid plans.

Start Now

Sachin works as a part of the digital marketing team at InfinCE. He believes in a healthy and resourceful web and does his own little contributions for the purpose by creating and disseminating innovative and quality content.

More posts by Sachin Krishna

Related Posts

Digital Workplace Platform Enhancing Video Meeting Engagement

Even as we transition from a remote working environment to a hybrid workplace, the ubiquitous power of video meetings cannot…Read More

Shifting to a Digital Workplace? Here’s What You Need To Know!

Goals of increased employee productivity and cost savings are a no-brainer in today’s digitally transformed business landscape. As Rodney Zimmel…Read More

5 Ways an Integrated Cloud Platform is Beneficial for Your Small Business

How can an integrated cloud platform turn your business competitive? Across the world, businesses of all sizes are increasingly managing…Read More

5 Workplace Innovations You Can Welcome with Video Conferencing

Top Must Watch Trends in Enterprise Video Conferencing In an office environment, a meeting is scheduled often to not just…Read More

What is Hybrid Cloud Identity and Why It Matters for Your Business

Embracing cloud technologies is one of the typical components of digital transformation. According to a Gartner report, “By 2024, more…Read More

Moving to Hybrid Work Culture? Here’s What You Need to Consider!

The COVID-19 pandemic pushed enterprises to adopt different work from home policies to keep their business operational. Yet after a…Read More

Popular Posts

  • Digital Workplace Platform Enhancing Video Meeting Engagement
  • Shifting to a Digital Workplace? Here’s What You Need To Know!
  • Tackling Top 10 Technology Challenges of Small Businesses
  • Major Web Hosting Challenges and Solutions
  • Effective Work From Home Tips – Infographic
  • 10 Benefits of Using Business Communication Apps to Future-Proof Your Company
  • InfinCE – A One Stop Technology Solution for Small Business

    Stay up to date on the latest in Digital Workplace Trends


    Manage your entire business from one place with the complete cloud platform InfinCE.

    Start for Free
    Infince Logo

    The next phase of workplace evolution is here! Unite virtually, collaborate seamlessly, and unlock endless possibilities at work.

    Company
    • About Us
    • Pricing
    • Request Demo
    • Why InfinCE
    Contact
    • Contact Email[email protected]
    • Contact Phone+1-833-463-4623
    fb twitter linkedin youtube instagram
    awards
    • Terms and Conditions
    • Privacy Policy

    © 2023 InfinCE. All rights reserved by Fingent. InfinCE is developed and supported by Fingent.

    Cleantalk Pixel