Why IT Security Will Remain a Top Priority in 2017

 
 
By Dennis McCafferty  |  Posted 01-20-2017 Email
 
 
 
 
 
 
 
 
 
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    Why IT Security Will Remain a Top Priority in 2017
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    Why IT Security Will Remain a Top Priority in 2017

    Cyber-security is at the top of all IT spending priorities, and most companies plan to increase investments to protect their network and data.
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    Deeper Pockets
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    Deeper Pockets

    40% of the CIOs, other C-suite executives and managers surveyed said their organization's IT budget will likely increase by at least 25% in 2017.
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    Top Tech Spending Priorities
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    Top Tech Spending Priorities

    Cyber-security: 40%, Data collection: 21%, Software development: 20%
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    Split Decision
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    Split Decision

    52% of the survey respondents said their company plans to increase purchases of enterprise software, while 48% said they will invest more in the in-house development of software.
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    Machine vs. Man
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    Machine vs. Man

    32% said their organization has begun to incorporate artificial intelligence (AI) technologies to replace human functions.
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    Top Business Drivers of AI
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    Top Business Drivers of AI

    Increased efficiencies: 38%, Reduced human errors: 24%, Improved task abilities: 23%
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    Good Investment
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    Good Investment

    73% of the respondents said their company plans to invest in more cyber-security capabilities next year.
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    Precarious State
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    Precarious State

    30% admitted that their network needs better security.
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    Circle of Trust
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    Circle of Trust

    60% of the survey respondents believe that investing in in-house cyber-security talent is safer than outsourcing.
 

A significant number of CIOs, along with other C-suite executives and managers, reported that their technology budget will see major increases this year, according to a recent survey from Mondo. The accompanying "2017 Tech Trends and Talent" report indicates that cyber-security is at the top of all IT spending priorities, and most companies plan to increase investments to protect their network and data. In fact, noteworthy shares of the survey respondents admitted that their network isn't as secure as it needs to be. All of which should translate into more internal training and external hiring to boost capabilities. "The demand for cyber-security professionals in 2017 will continue to surge, and we are seeing that the most valuable security skills are for intrusion detection, secure software development and attack mitigation," said Gianna Scorsone, vice president of marketing and sales operations for Mondo. "The massive cyber-security talent gap poses a significant problem to hiring for these needs and skills. While companies prefer to hire in-house, they often can't find the qualified talent they need and may turn to outsourcing in 2017." The report also lends insights into trends affecting enterprise software acquisition and artificial intelligence (AI) deployment, and we've included those here. More than 7,000 C-level executives and managers took part in the research.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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