Skip to main content

European CIOs Focus on IT Security and Transformation

CIOs in Europe see themselves moving away from routine IT operational roles and thereby becoming true leaders of digital transformation. They're also guiding their organization towards more strategic business technologies, according to the latest market study by International Data Corporation (IDC).

Similar to their peers in other parts of the world, the bar of expectations has been raised. IDC analysts believe that CIOs are now focused on commercial innovation-related goals -- such as enabling new business models, streamlining business processes, increasing competitiveness and improving their overall customer experience.

That being said, legacy IT custodian tasks such as reducing costs, ensuring operational continuity and basic service efficiency are not among their top priorities.

Current Focus of IT Investment

Big Data analytics, enhanced cyber security, mobile apps, and private cloud represent the emerging IT trends in the region. Necessary operations that should secure current business workflow include enterprise asset management, social collaboration, and smart operations.

On the other hand, subject-matter experts and managers in charge of IT teams consider public cloud, cognitive systems, virtual reality, and 3D printing as potential threats to their IT security.

Concerns about cyber threats can't be overstated. IT security is now a top investment priority in 2016, given the increase in importance compared to the previous year, when it was ranked fourth among other relevant technologies.

"The major trends impacting the European security market, in addition to digital transformation, include regulatory upheaval," said Zoltan Komaromi, associate vice president ar IDC.

IDC says that the relentless proliferation of malware -- both in type and severity -- make signature-based approaches ineffective. Moreover, the introduction of security regulations for online services provision and data privacy places additional demands on security operations.

Market Outlook for IT Investment

A third of CIOs in the region are planning to increase the use of external services. Public cloud computing is an accepted model for the external delivery of IT functions. About one in five companies plan to expand public cloud usage for at least one of these key service areas.

Automation of transaction processes is another highly important area. Mobile and cloud service integration, plus the expansion of data involved in workflows, is also recognized as a key area of ongoing projects.

IT budgets will grow faster in 2016 than in 2015, with 44 percent of surveyed companies reporting increasing budgets. Furthermore, 61 percent of the CIOs either owns or approves the IT budgets and associated with key projects.

Popular posts from this blog

Mobility-as-a-Service Creates Disruptive Travel Options

Building on significant advances in big data, analytics, and the Internet of Things (IoT), more innovative transit service offerings aim to increase public transport ridership and reduce emissions or congestion within metropolitan areas. By providing these services through smartphone apps, the transit services also significantly increase user convenience, providing information on different human mobility offerings -- including public transport, ridesharing, and autonomous vehicles. Mobility-as-a-Service Market Development According to the latest market study by Juniper Research, Mobility-as-a-Service (MaaS) subscribers will generate $53 billion in revenue for MaaS platform providers by 2027 -- that's rising from $5.3 billion in 2021. Let's start with a basic definition. MaaS is the provision of multi-modal end-to-end travel services through single platforms, by which users can determine an optimal route and price. The study identified a monthly subscription model as key to incr

Robocall Mitigation Solutions to Halt Criminal Threats

If you answer the phone and hear a recorded message instead of a live person, it's likely a robocall. A robocall is a phone call that uses a computerized autodialer to deliver a pre-recorded message. In 2020, the U.S. Federal Trade Commission (FTC) received 2.8 million consumer complaints about robocalls. Offering solutions to robocalling and associated fraudulent business practices, computerized mitigation platforms are an integral part of the solution. Platforms that are focused on actionable systems to disrupt unsolicited and potentially criminal phone calls help telecom service providers and industry regulators. Issues of whether one-size-fits-all developments are sufficient to be effective across the spectrum need to be addressed, and whether a single telecom network operator working unilaterally with a third-party platform could compromise desired or mandatory industry-wide standards. Robocall Mitigation Market Development According to the latest worldwide market study by Jun

Upside for New 5G Network Transport Infrastructure

The global mobile communication sector is in the midst of a significant network infrastructure upgrade to support the introduction of new high-bandwidth and low-latency broadband service offerings.  Telecom service provider data centers have an important role in fifth-generation (5G) network deployments. Providers undergoing their transition to Stand-Alone (SA) 5G must understand the technical demands of telco data centers and the key enablers of those offerings. According to the latest worldwide market study by ABI Research, the major prerequisites of 5G and the emerging transport solutions would help operators position themselves to successfully capitalize on the new revenue opportunities from delivering differentiated 5G connectivity services. 5G Transport Network Market Development "The rise of the telco data center has a high degree of confluence with the requirements of SA 5G architectures. SA 5G and its increasing reliance on telco data centers can be attributed to the incr