IDC’s Future Enterprise Resiliency and Spending (FERS) report claims that enterprises are now taking cybersecurity procurement more seriously in an effort to try and stave off a business-threatening event.
The report said that those companies are transforming their business models from linear-based value chains to integrated ecosystems leveraging shared data and insights, applications, and operations.
It said that organisations need to adapt to disruptive trends by forming partnerships that “extend beyond their respective industries” to generate value, build resiliency, foster innovation, and anticipate threats and opportunities.
IDC Future of Industry Ecosystems & Product Innovation Strategies research VP, Jeffrey Hojlo said the industry was still in a version 1.0 phase of IT investment for the future of industry ecosystems with the future of industry ecosystems technology investments still at an early stage. This highlighted customer data management and systems integration as other key areas for investment.
Hojlo said: “As digital transformation initiatives mature to include a varied set of external partners and expertise, organisations will expand investment beyond cybersecurity to address requirements for innovation, data monetisation, and sustainability through cloud-based applications, analytics, customer data management, and technologies.”
Though 46 percent of North American respondents identified cybersecurity as a priority, driven by high levels of investment in cloud applications and infrastructure, only 28 percent of respondents in EMEA identified cybersecurity as a top investment area.
In North America, only 13 percent of respondents identified AI/ML as an investment priority; survey results in EMEA (19 percent) were similar. Investments in blockchain and edge-based cloud technologies were low priorities.
