What is Enterprise IT?
Enterprise IT stems from the data management strategy of software and hardware, allowing larger organisations to meet their needed requirements, such as: availability, scalability and performance. This process will aid operating systems and quality data management.
Organisations who are incorporating these processes into their day-to-day operations, are gaining insights into the optimisation of service management; cloud based communications are steadily on the incline and redesigning the technology infrastructure.
Suddenly finding ourselves on the tipping point of a new era for Enterprise Communications, data integration and software applications are key to pushing us onto the other side of the preserpice. Currently, enterprise cloud companies have exceeded $500 billion in market cap, accelerating to reach $1 trillion in the upcoming years - Bessemer reports. There are 55 private companies currently valued at a minimum of $1 billion, marking a significant difference from the figure of zero, recorded only a decade earlier. Analysing the figures, they fundamentally prove that this detrimental increase in enterprise IT and cloud based services is not a fleeting hype for the private sector, but a long-lasting metamorphosis of the technological world.
Noting that the shift over the preserpice is looming closer, organisations of all sizes are shifting their data management systems and coming around to incorporate the processes included in enterprise IT. What seemed unfathomable in the last decade, is now not only achievable but exceeding all perceivable limits. Fortune 500 companies are taking advantage of the continued developments in data modeling, and enriching their everyday processes with new technologies. Cloud mainstays such as Workday, Salesforce and ServiceNow are among the most favourably used applications to assist the effectiveness of the organisation.
Reaching forward into this new age of technology, the need for data quality is forefront. Organisations need to receive full benefits for enterprise IT processes; the need for them to collaborate effectively is crucial, without additional efforts of manually maintaining each. Suitable integration and interoperability is of key importance for the longevity of enterprise communications, to irrevocably maneuver us over the edge, to the otherside of tomorrow’s technologies.
Welcome to the new world.
IT Employees Predict 90% Increase in Cloud Security Spending
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’.