Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

DELL SURVEY REVEALS SECURITY TEAMS CAN BETTER ENABLE DIGITAL TRANSFORMATION INITIATIVES IF ENGAGED EARLY IN BUSINESS PLANNING

DELL SURVEY REVEALS SECURITY TEAMS CAN BETTER ENABLE DIGITAL TRANSFORMATION INITIATIVES IF ENGAGED EARLY IN BUSINESS PLANNING

Published : , on

  • 97 percent of global respondents say they’re investing in digital technologies to transform their business, including mobile, cloud applications, cloud infrastructures and IoT
  • 75 percent say the need to increase employee productivity is the driving force behind digital transformation initiatives, while 67 percent cite business growth
  • 85 percent say security teams can better enable digital transformation initiatives if they are included early in the project
  • Over 90 percent say the security team can better enable the business if given more resources

Dell today announced results of a global Digital Transformation Security Survey that shows digital transformation is a fast-growing reality in business. Results reveal that security often is seen as a barrier to digital transformation, therefore brought into the process too late to make a meaningful impact. However, respondents recognised that security teams can serve as enablers in helping the business adopt digital technologies when included early in the planning process. Ninety-seven percent of respondents say they are investing in digital technologies including mobile, cloud applications, cloud infrastructures and IoT. While only 18 percent say security has been involved in all of their digital transformation initiatives, 85 percent say that if security teams are included earlier in the project ‒ and many admit they currently are not ‒ security can better enable those initiatives.

Most organisations worldwide are in the process of a digital transformation, yet many don’t realise the extent to which their own business is digitally transforming. While 89 percent of all survey respondents recognise digital transformation is happening in their industry, only 50 percent believe it’s happening in their organisation. Only 27 percent actually describe their company as “in the middle of a digital transformation.” However, 72 percent express active projects in mobile, with 68 percent involved in cloud projects and 37 percent in IoT – the usual suspects in formal digital transformation projects.

Additional key findings include:

  • Only 18 percent of respondents say security has been involved in all mobile, IoT, cloud and self-service initiatives
  • More than 3 in 4 (76 percent) of respondents believe security is brought in too late to digital transformation initiatives
  • 85 percent say business users avoid engaging with security teams out of concern that their initiatives might be blocked. Yet, almost 2 in 3 (63 percent) say those concerns are unfounded
  • More than 90 percent of respondents say the security team can better enable the business if given more resources

The Right Security Strategies Enable Businesses to Advance Digital Maturity

  • Adopt a mind-set of enablement and rapid time-to-value over customisation. As a new cloud application is brought into the business, work with the business to ensure the application meets the business requirements, and can integrate with all the controlling factors in as close to a plug-and-play deployment as possible.
  • Identity management is a key building block for digital transformation and must be a business-enabler for the IT organisation. Base identity and access decisions on a unified single definition of the truth (role, policy, workflow, authentication, authorisation, etc.) so that every new system, user type, or access scenario doesn’t require reinventing the wheel.
  • Put the line-of-business in charge of as much as possible, and proactively manage and focus identity and access management efforts strategically so that security can be a catalyst and not an obstruction, while maintaining the protection it’s intended to deliver.

In the survey, fielded by Dimensional Research, 631 IT decision-makers with responsibility for security responded to questions on the impact of digital transformation on security teams. The survey was conducted across the United States, United Kingdom, Germany, Australia, and the Nordic countries, as well as Belgium, the Netherlands and Luxembourg. Results revealed a significant level of adoption of key digital technologies, clear business drivers, and expected future growth and investment in digital transformation. Multiple business drivers were identified, with increased employee productivity and business growth topping the list, and respondents said investments in digital technologies will continue to grow in the coming year. IoT is expected to be the technology with the most new adoption in the future, with 55 percent reporting plans to adopt these technologies. Business drivers for adoption of digital technologies varied by region:

  • The United States and Benelux (Belgium, the Netherlands, Luxembourg) care more about business growth than other regions
  • Scandinavia ‒ followed by the UK ‒ cares more about increased employee productivity than other regions
  • Australia cares more about competitive pressure than other regions
  • Germany ‒ followed by Australia ‒ is most likely to bring in security teams for ALL digital transformation projects
  • Benelux ‒ followed by Germany ‒ is most concerned that security teams are brought in too late in the process

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post