The rapid development of digital technologies has proven truly transformative in the world of business. Virtual technology, in particular, has caused shockwaves by allowing companies to benefit from software and applications that are not physically present.

The economic and security impact of virtual technologies has already been felt by organisations in every industry and in markets all over the world. What’s more, virtual technology can protect your business in a huge number of ways and we’ve outlined five of them below.

Innovative ideas

Virtual reality (VR) headsets may still seem like the stuff of science fiction, but they are rapidly demonstrating that they also have very real business benefits. In today’s global business environment, for example, a colleague may be separated by thousands of miles, making collaboration a challenge. You could pick up the phone or send an email, but conveying complex ideas in this way isn’t ideal. Virtual reality provides a novel solution to this challenge.

Through VR, a group of colleagues could explore a virtualised environment together, seeing the same things as one another and communicating in real time. This can protect businesses from miscommunication and inefficient workflows, both of which come with financial ramifications.

 

Payment protection

Virtual account numbers provide businesses with protection of a different kind – this time concerning payment fraud. eNett virtual account numbers(VANs) are made up of 16 digits that are authorised for a particular booking or transaction. They can only be used for a specified amount of money and during a particular period of time. They can also only be used once.

This means that VANs offer much better protection against fraud than a traditional credit or debit card. Businesses can set limits on their outgoings and even if a would-be fraudster gets a hold of the virtual account number there is little that they can use it for.

 

Fighting fatigue

Virtual reality can also be a great way of injecting some vitality into the workplace. Studies have shown that being sat at a desk for hours each day staring at a screen is not the best way of maintaining employee motivation and can even be a health hazard. Instead, VR headsets keep members of staff engaged with their work in a new and exciting way.

 

Consolidation

Virtual machines (VMs) are essentially a software implementation of physical hardware – a fake computer running on your real computer. This can protect your business from racking up huge hardware costs because of server consolidation.

Instead of needing an entire server for each application or operating system, virtualisation allows multiple operating systems to run on a single server, resulting in more efficient use of resources.

 

Isolating threats

Virtual machines also offer businesses protection against malware. If organisations are worried about any threats that they may face online, they can create a snapshot of their current VM that can then be easily restored in the event of a cyberthreat.

Similarly, virtual machines are isolated from the hardware that they are operating on. If your VM gets infected with a computer virus, the hardware that it is running on remains unaffected, protecting your business and all of its valuable data.