A recent CA Technologies-sponsored Vanson Bourne study sheds light on the significant change in thinking towards security as a business enabler versus a control mechanism:
- 47% now acknowledge that security is either entirely/mostly about enabling the business or must be in balance with control.
- As a result, 78% have already seen or expect to see increased revenue from new services enabled by improved security.
Today’s application economy of tech-savvy end users, increased customer demand for apps and services, and explosion in Internet-connected devices is forcing IT and business leaders to re-invent their approach to IT security. In short, security must evolve from its “limit and protect” foundation to a “unleash and empower” future. The focus shifts from an approach of limited access with extensive restrictions to a strategy that uses enabling technologies (e.g. application programming interfaces (API), two-factor authentication and bring-your-own-identity), to enable new business innovation and opportunities.
Recent research shows executives understand this fundamental shift in security thinking. A survey of 1,425 senior IT and business leaders (including 142 Chief Security Officers and Chief Security Information Officers) conducted by Vanson Bourne and sponsored by CA Technologies revealed:
- Security is considered a top obstacle to success in competing in the application economy.
- Preventing data breaches is the #1 security priority, and improving the mobile customer experience
is number #2.
- Mobility is significantly impacting how IT and business leaders approach security.
- 79% of respondents enable access to APIs for customers, partners or suppliers.
- 25% of all IT spending will be devoted to security three years from now.
The survey also shows IT with low grades on the overall strategic management of IT, as well as end user and LOB satisfaction. But it reveals how IT can take advantage of software tools to achieve the superior business performance of Application Economy leaders.
Download this research report now to understand the 8 steps you should be taking to modernize your security approach to achieve success in the application economy.