Decision-makers need to strike a balance when it comes to spending on cybersecurity technology in a way that still enables corporate growth without leaving the organization overly vulnerable to an attack. Invest too little, and there could be gaps in your cyber defenses. Invest too much, and there could be a false sense of security.
In today’s competitive environment, the consequences of data loss for your business are dire: downtime, lost productivity and long-term reputational damage. Getting senior executives on board with a budget increase to protect your data is paramount to mitigating risk.
According to a recent report by Garner Insights, the smart building market is expected to grow from $7.4 billion in 2017 to nearly $32 billion in 2022 — that’s more than a quadruple increase in just five years.