Tests conducted on an alternative atomic clock show a second could be redefined. This clock is claimed to be a more accurate measurement of time. These are called optical lattice clocks and they lose only one second for every three hundred million years. This new clock uses light to excite strontium atoms. They are three times more accurate than traditional atomic clocks which are precise to one second every 100 million years. Fields of activity like satellite navigation, telecommunications and stock markets are in search of ever better time measurements. Two optical lattice clocks were compared with each other and they were perfectly in tandem and very stable.
In fact, another clock which provides accuracy to the tune of one second every few billion years is in development. But the shortfall is, it depends on a single ion and as such it is not considered really stable for widespread use.