According to TechRepublic, IT is going to reshape some of the budget figures in organizations as they significantly increase their investment in cybersecurity.
Below are some highlights:
1- Nearly 70% of major organizations plan to increase cybersecurity spending due to the effects of the coronavirus pandemic.
2- More than half (55%) of organizations said they will also be increasing investments in automation solutions.
3- Smart analytics (53%), hybrid or multi-cloud (49%), and artificial intelligence (AI) (46%) were also cited as top priorities.
4- While AI itself might be increasing, spending on augmented reality (AR) and virtual reality (VR), blockchain, and edge computing is falling, with only 32%, 30%, and 27% of businesses planning to increase spending in those areas, respectively.