cxo voice
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Cloud

Hybrid Cloud Is Important, Yet Security, Regulations, and Skills are Discouraging Businesses From Driving Innovation

Deepa Sharma by Deepa Sharma
September 28, 2022
Reading Time: 4 mins read
Hybrid Cloud Is Important, Yet Security, Regulations, and Skills are Discouraging Businesses from Driving Innovati
Share on FacebookShare on Twitter

Technological advancements enhance business agility and resilience and enable the new power to create new innovative approaches. Business leaders know the advantages of cloud and tech adoption, yet most Business leaders struggle with the complexity of making all their cloud environments work together. A new IBM survey data reveals more than 77% of respondents have adopted a hybrid cloud approach to drive a digital transformation journey. Still, they struggle to manage regulatory compliance, security, and skilled professionals. 

  • More than half of respondents are presently concerned about security, while 53% believe ensuring compliance in the cloud is currently too difficult
  • Nearly 70% of those surveyed say their team lacks the skills needed to manage cloud environments efficiently.

The data shows a strong correlation between hybrid cloud adoption and progress in digital transformation. In fact, 71% of respondents believe it’s challenging to realize a digital transformation’s full potential without a solid hybrid cloud strategy. 

At the same time, only 27% of respondents possess the required characteristics to be considered as “advanced” in their transformation journey. So, why the disconnect? A sampling of findings includes the following three points. 

1. Compliance: Organizations think ensuring compliance in the cloud is currently too challenging, mainly as we see enforcement of regulatory compliance demands heat up worldwide.

2. Security: While organizations have adopted security practices to secure the cloud infrastructure, security concerns still remain.

3. Skills: As businesses face a suitable talent shortage, they fail to execute a holistic hybrid cloud strategy, which can create gaps in security and compliance and cause risk across cloud infrastructure.

ADVERTISEMENT

Howard Boville, Head of IBM Cloud Platform, said, “As we see regulatory requirements grow across the globe, compliance is top of mind for business leaders. This concern is even greater for those in highly regulated industries. Yet at the same time, they are facing a growing threat landscape – one that demands holistic management of their multicloud environments to avoid the risks of a Frankencloud – an environment that’s so disconnected, it’s difficult to navigate and can be nearly impossible to secure, particularly against third and fourth party risks, An integration strategy to bring together these different piece parts is what we believe separates the leaders from the rest of the pack – the alternative is to pay the price of the Frankencloud.”

The 2022 IBM Transformation Index: the State of Cloud Revealed:

The lack of suitable skills is hindering the advancement 

 Regarding managing their cloud applications, 69% of respondents say their team lacks the talents required to be proficient. This is a major roadblock to driving innovation, with more than a quarter of respondents stating skills and talent shortages are hindering their business’s cloud goals. 

The impacts don’t stop here – these limitations also prevent businesses from leveraging the power of partnerships. Over one-third of respondents say a lack of technical skills is holding them back from incorporating ecosystem partners into cloud environments. This challenge is even greater in the US, where nearly 40% admit to this shortage of skills – pointing to the demand for talent.

Vulnerability to cyber threats persists in lurking despite adopting security practices 

 While more than 90% of replying financial services, telecommunications, and government companies have embraced security tools such as confidential computing capabilities, multifactor authentication, and more, gaps prevent businesses from driving innovation. 32% of overall respondents cite security as the top obstacle for integrated workloads across environments. More than one-quarter of respondents accept security challenges present a roadblock to achieving their cloud business goals.

Security troubles can even prevent organizations from unlocking partnerships’ full potential. As potential security gaps can cause third and fourth-party risks to loom, respondents say data governance (49%) and cybersecurity (47%) are the top concerns to fully integrating their business ecosystem into the cloud. 

Regulatory and compliance needs remain center stage causing businesses to pause 

 With regulations on the rise, so too are compliance challenges. 53% of respondents think that ensuring compliance in the cloud is too tricky, and nearly one-third cite regulatory compliance issues as a critical barrier to integrating workloads across private and public IT environments. In financial services, for example, more than a quarter of respondents agree that meeting industry requirements are holding them back from fully achieving their cloud objectives. These challenges span the globe and are mainly prevalent in Singapore, China, India, and Japan.

Also Read: The Emergence of Spyware, Zero Click Attacks, Smishing, and Store Security

Deepa Sharma

Deepa Sharma

Senior Writer and Editor at CXO VOICE, She covers technology, cybersecurity, and financial and other tech news and updates. She can be reached at "deepa@cxovoice.com"

Related Posts

Image Credit: Pixabay
Business

IT spending in MENA region to reach $183.8 billion in 2024: Gartner

September 23, 2023
NVIDIA Infosys
Business

Infosys collaborates with NVIDIA for generative AI solutions

September 20, 2023
banks
Finance

Banks Struggle to Achieve Priorities: Report

September 15, 2023
Google AI
Business

Google launches $20 mn fund to support responsible AI

September 12, 2023
Bengaluru IT
News

Bengaluru has potential to become world no 1 in IT, BT exports: K’taka CM

September 4, 2023
AI IBM
AI

AI will help companies grow faster: IBM CEO

August 25, 2023
VMware AI
Business

VMware announces AI integrations to Anywhere Workspace platform

August 24, 2023
steal passwords by 'listening' to keystrokes
AI

AI with 95% accuracy can steal passwords by ‘listening’ to keystrokes: Study

August 16, 2023
Load More
ADVERTISEMENT

Expert Views

Credentials database theft, reused passwords dangerous entryway
Cyber Security

Can SASE be used as your initial defense against ransomware?

September 12, 2023
Smart Cities challenges and security
Cyber Security

Do our abilities match the ambitions of Smart Cities?

August 23, 2023
Why 5G Network Uptime is Essential for a Digitally Interconnected Society
Opinion

Why 5G Network Uptime is Essential for a Digitally Interconnected Society

July 18, 2023
Responding to cyberbullying with cyber confidence and resilience
Cyber Security

Responding to cyberbullying with cyber confidence and resilience

July 17, 2023
Five Ways All-Flash Data Centers Can Drive Sustainability Goals 
Opinion

Five Ways All-Flash Data Centers Can Drive Sustainability Goals 

July 7, 2023

Latest Updates

Airkit.ai

Salesforce to acquire Airkit.ai to boost AI capabilities

by IANS
1 day ago

Working in a post-pandemic world: What is the new normal?

25 million employees now returning to offices globally in the hybrid work era

by News Desk
1 day ago

Image Credit: Pixabay

IT spending in MENA region to reach $183.8 billion in 2024: Gartner

by News Desk
1 day ago

Samsung Huawei

Samsung, Huawei to drive mass adoption of foldable smartphones next year

by IANS
2 days ago

GenAI

GenAI to generate economic value worth $2.6-$4.4 trillion annually: Report

by IANS
3 days ago

SK hynix

US to ensure S. Korean chipmakers’ smooth operation regarding China curbs

by IANS
3 days ago

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

NewgenOne
Leaders Talk

NewgenONE bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
Interview with Prasanna Arikala, CTO, Kore.ai on AI chatbots
AI

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-
Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain
Cyber Security

Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain

-
Axis Bank's Cloud-driven digital banking solutions
Banking

Axis Bank doubles down on cloud based digital banking solutions

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

We bring business leaders' opinions and unique ideas on what’s happening in the market and its impact. Also, get the daily news, analysis, and insights.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com
  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2023 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion

© 2023 CXO VOICE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/