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Science & Technology

Firms that use these technologies will overcome COVID-19 challenges

Oct 23, 2020

The company has surveyed more than 1,700 senior executives

tech

Firms that use these technologies will overcome COVID-19 challenges. Source: shutterstock.com

According to GlobalData, IoT, 5G, AI, AR, blockchain, automation, cybersecurity, and cloud computing are expected to play a key role in keeping operations running during the pandemic.

Of these, cybersecurity and cloud computing came out on top with a respective 52% and 48% of respondents saying these would play a significant role.

The report reveals that 49% and 51% of company executives surveyed believe that cloud computing and cybersecurity improve efficiency.

In this way, these technologies benefit over technologies such as augmented reality and blockchain, the potential use cases for which may be less evident to businesses.

These technologies were only selected by 35% of senior executives as playing a significant role.

UK and US cybersecurity authorities reported an increase in cyberattacks when the pandemic hit. Social distancing and a shift towards online retail have increased the risk as people spend more time online. As they navigate the current crisis, companies are relying on cybersecurity to protect themselves and their customers. Cybersecurity continues to be one of the most important themes facing organizations, both public and private. GlobalData defines a theme as ‘something that keeps the chief executive awake at night’. While they may be currently tossing and turning over the business impact of COVID-19, they should be worrying about both the virus and cybersecurity. None of them are immune from the havoc a cyberattack can wreak on an organization, invading its systems and putting its very reputation and stability at stake
Filipe Oliveira, Senior Analyst at GlobalData

We’ve reported that 68% of major organizations, public and private aim to increase their cybersecurity spending.

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