The way digital services are consumed is changing rapidly in Asia/Pacific and Japan.
The traditional way of securing digital transactions is no longer as effective as it was before. Organizations now need to manage their digital trust by not only looking at what they need to do to but also including what they should do.
This will accelerate in the future, requiring new approaches in managing risks and securing the infrastructure, compliance, ethics and social responsibility, and privacy to achieve trust outcomes.
There are many infrastructural issues with regards to how IT security solutions have been deployed that need to be addressed if organisation is going to be able to realise the value of Trust Enabled Commerce.
“IDC’s Future of Trust FutureScape highlights the fact that the organisations still tend to invest in security solutions as a reaction to external perceived and real risk, and not so frequently in a strategic manner that meets the expectations of business leaders and the needs of the workforce,” said Simon Piff, Vice President for Trust, Security and Blockchain research at IDC Asia/Pacific.
Leading organisations are beginning to understand the importance of the concepts of Digital Trust, anchored in strong risk management skills, strategically supported at the C-Suite level by ethics, social responsibility, and an adherence to privacy expected by customers and employees alike, but the confluence of compliance to legislation and the demand to address the day to day IT security concerns dominate the minds of many – leading to less than optimal choices when it comes to their respective IT security strategy.
Some of the key Future of Trust predictions that will impact the IT industry and both technology buyers and suppliers in Asia Pacific are:
- Prediction 1: By 2023, Budgets for Modern Software-Defined Secure Access Solutions Will Quadruple as Flaws in Legacy VPN Remote Access Solutions Are Illuminated by the Massive Work-From-Home Migration
- Prediction 2: By 2025, to Reduce Security Complexity Faced by Limited Staff, 55% of Enterprise Security Investments Will Be on Unified Ecosystem and Platform Frameworks
- Prediction 7: By 2021, 25% of Organizations Will Leverage Employee Productivity Software to Monitor and Improve the Digital Workflows of Their Full-Time, Work-From-Home Employees
Each year, IDC releases its Top Predictions through its IDC FutureScape reports to give a crystal ball view of what lies ahead for the rapidly changing ICT industry.
These predictions are used to shape the strategies and business objectives of technology leaders and business executives in the next one to five years.