Cybersecurity Investment

Oct 22, 2021, 7:20:01 PM
1,089 Times

IT is going to reshape some of the budget figures in organizations as they will significantly increase their investment in cybersecurity.

According to TechRepublic, IT is going to reshape some of the budget figures in organizations as they significantly increase their investment in cybersecurity.

Below are some highlights:
1- Nearly 70% of major organizations plan to increase cybersecurity spending due to the effects of the coronavirus pandemic.
2- More than half (55%) of organizations said they will also be increasing investments in automation solutions.
3- Smart analytics (53%), hybrid or multi-cloud (49%), and artificial intelligence (AI) (46%) were also cited as top priorities.
4- While AI itself might be increasing, spending on augmented reality (AR) and virtual reality (VR), blockchain, and edge computing is falling, with only 32%, 30%, and 27% of businesses planning to increase spending in those areas, respectively.