May 17, 2020

Flex, SAP, Avaya and Dell all feature in February’s Gigabit Magazine – now live

ZTE
Avaya
Flowserve
PwC
Tom Wadlow
1 min
Digital disruption
February’s edition of Gigabit Magazine is now live and available to read.

This month’s first feature is an exclusive interview with CTO of tech gia...

February’s edition of Gigabit Magazine is now live and available to read.

This month’s first feature is an exclusive interview with CTO of tech giant Flex, Dr Kevin Kettler, who talks all things disruption. “5G will be a big disruptor and if we look back eight years from now, we won’t be able to imagine life without what it has enabled,” he tells Tamsin Oxford.

Other insights on AI come from experts at NVIDIA, SAP, PwC and more, while in-depth interviews with Dell and Avaya can also be found in this packed issue. Find out how Avaya has completely overhauled its supply chain operations, transforming it from what it dubbed ‘worst-in-class’ to best-in-class, largely thanks to smart implementation of technology through a carefully-managed network of vendor partners.

This month’s top 10 looks at the most important CIOs and CTOs from around the world, while our updated events list will inform you on what dates to book out in your diaries.

On top of this, our deep-dives into the digital transformations shaping real businesses this month come from ZTE, Avaya, Flowserve, Aecon and more.

Enjoy the issue and, as ever, join the conversation in Gigabit's Linkedin group, or follow us on Twitter and Facebook

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Jun 15, 2021

IT Employees Predict 90% Increase in Cloud Security Spending

Technology
Cloud
Cybersecurity
Investments
Elise Leise
3 min
Companies that took the initiative on cloud platforms are trying to cope with the security risks, according to Devo Technology’s report

As companies get back on their feet post-pandemic, they’re going all-in on cloud applications. In a recent report by Devo Technology titled “Beyond Cloud Adoption: How to Embrace the Cloud for Security and Business Benefits”, 81% of the 500 IT and security team members surveyed said that COVID accelerated their cloud timelines. More than half of the top-performing businesses reported gains in visibility. In fact, the cloud now outnumbers on-premise solutions at a 3:1 ratio

But the benefits are accompanied by significant cybersecurity risks, as cloud infrastructure is more complex than legacy systems. Let’s dive in. 

 

Why Are Cloud Platforms Taking Over? 

According to Forrester, the public cloud infrastructure market could grow 28% over the next year, up to US$113.1bn. Companies shifting to remote work and decentralised workplaces find it easy to store and access information, especially as networks start to share more and more supply chain and enterprise information—think risk mitigation platforms and ESG ratings. 

Here’s the catch: when you shift to the cloud, you choose a more complex system, which often requires cloud-native platforms for network security. In other words, you can’t stop halfway. ‘Only cloud-native platforms can keep up with [the cloud’s] speed and complexity” and ultimately increase visibility and control’, said Douglas Murray, CEO at cloud security provider Valtix. 

Here’s a quick list of the top cloud security companies, as ranked by Software Testing Help: 

 

What are the Security Issues? 

Here’s the bad news. According to Accenture, less than 40% of companies have achieved the full value they expected on their cloud investments. All-in greater complexity has forced companies to spend more to hire skilled tech workers, analyse security data, and manage new cybersecurity threats. 

The two main issues are (1) a lack of familiarity with cloud systems and (2) challenges with shifting legacy security systems to new platforms. Out of the 500 IT employees from Devo Technology’s cloud report, for example, 80% said they’d sorted 40% more security data, suffered from a lack of cloud security training, and experienced a 60% increase in cybersecurity threats. 

How Will Companies React? 

They certainly won’t stop investing in cloud platforms. Out of the 500 enterprise-level companies that Devo Technology talked to throughout North America and Western Europe, 90% anticipated a jump in cloud security spending in 2021. They’ll throw money at automating security processes and investing in security upskilling programmes. 

After all, company executives will find it incredibly difficult to stick with legacy systems when some cloud-centred companies have found success. Since moving from Security Information and Event Management (SIEM) offerings to the cloud, Accenture has saved up to 70% on its processes; recently, the company announced that it would invest US$3bn to help its clients ‘realise the cloud’s business value, speed, cost, talent, and innovation benefits’. 


The company stated: ‘Security is often seen as the biggest inhibitor to a cloud-first journey—but in reality, it can be its greatest accelerator’. 

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