IT budgets tackle the one certain thing in an unclear future
Security takes the lion's share from IT budgets and projects
With the enterprise network no longer in place protecting all workspaces, CIOs are turning to the one thing they know for certain: more investment in cybersecurity to keep the expanding perimeter of their estate safe. Companies’ office real estate and corporate network-related investments will be replaced by security-related investments, according to CIO.com.
"Securing endpoints and the routes that a company’s web traffic takes via unsecured and partially secured home networks will become key investment areas and CIOs and CISOs will need to make meaningful investments in zero-trust security to keep bad actors out."
Faced with the prospect of having to redeploy existing budget to capacity planning and expansion for virtual environments, as well as data loss prevention (DLP),
70% of CISOs and security buyers believe budgets will shrink by the end of 2020 but plan to ask for significant increases in 2021.
In the world of shrinking budgets and uncertain threats from security vulnerabilities across the entire network, many are pulling away from investing in new tools or technology. CISO's are depending on managed service providers who will become trusted partners and influencers to help them maximize their current spending while preparing for the next normal. Now is the time to realize value from the most critical investments.
Find out more about our SmartICT security and operations managed service triad approach by having one of our skilled consultants contact you.