Cloud spending tops other investments

Cloud file storage provider Nasuni commissioned a survey into technology trends earlier this year, focusing on the USA, the UK and DACH region. Based on this data, Cloud spending tops other investments including AI while data and security remain top concerns.

Most respondents (84%) said their company already uses the Cloud, but over half (54%) said they were planning to invest further in the foreseeable future. This bears out previously observed trends, where the Cloud has become a major factor in company growth.

Second to Cloud in investment priority is AI, which has been a hot button topic in the recent past. Companies anticipate AI will help with advanced data management (60%), cost reductions (58%), workflow automation (57%) and enhanced customer experience (52%).

At the same time, AI is seen as likely to run into issues and roadblocks – data privacy and security concerns (42%), lack of skills (35%), dependence on third party vendors (30%) and difficulty identifying use cases for AI (27%) being top among them.

Cybersecurity issues continue to resonate

When asked about their cybersecurity status, 27% of respondents said they had not been targeted. Another quarter stated they had detected and defeated the attempts relatively easily.

Of the rest, however, their responses indicate quite clearly the impact cyber crime can have. 17% said they detected the attack but struggled to recover and 20% recovered but the effects were costly in downtime, data loss and reputation. Just under a tenth (9%) had paid a ransom, and 8% paid it and were attacked again.

Equally clear is the role that data recovery, backups and other precautions play in keeping organization confidence high. Besides tools for recovery or detection, organizations called out having a full-time security team and a well-rehearsed plan as key aspects of their security posture.

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by Matúš Koronthály