In a new era of hybrid workspaces, many sectors are making the shift to the cloud and adopting cloud-based SaaS applications at an accelerated pace for agility and scalability - but this practice and the efficiencies that are gained come at a cost. Business leaders are realizing that they must allot more of their resources and budgets to address new security concerns surrounding these transitions to keep their environment safe and prevent breaches.
Challenges related to infrastructure shifts to the cloud accelerated due to remote work and the COVID-19 pandemic. Deloitte found that 64% of companies enabled remote work in 2020. Over half of these companies plan to preserve this setup, resulting in a surge of cloud software and core SaaS application adoption.