Future of trust: Security compliance automation investment set to increase
By 2023, 80% of APEJ organisations faced with complex global regulations will increase security compliance automation investment by 15% to ensure all policies and regulations are met consistently.
This is just one of IDC’s predictions unveiled in its latest report, IDC FutureScape: Worldwide Future of Trust 2022 Predictions – APeJ Implications.
Data security, confidentiality, integrity, and availability are now key issues for all organisations, as is the imperative to use data ethically while complying with a complex web of industry and regional regulations, the analyst firm says.
Organisations must also recognise – and be sensitive to – practices that pose risks to the environment and humanity. The sense of urgency is building on proactive delivery of all the elements of Trust – risk, compliance, security, privacy, and social environmental responsibility and ethics.
“Asia/Pacific organisations understand the importance of integrating trust as part of their future strategic plans. Whilst building trust is essential, maintaining positive trust levels is the key challenge for Asia/Pacific organisations,” says Jeff Xie, senior market analyst for security and trust research, IDC Asia/Pacific.
"Managing the various elements of Trust creates trust outcomes that goes beyond the individual entities and Asia/Pacific organisations that leverage these predictions positively can gain a competitive advantage," he says.
IDC's Future of Trust top 10 predictions provide guidance to business leaders on how trust can be achieved and maintained as they navigate the changes ahead:
#1: Risk and Trust: By 2026, 25% of APEJ organisations will replace net promoter score–like metrics with trust indices in RFPs to align traditional security and risk solutions with customer success, brand, and reputation.
#2: Geopolitical Risk: By 2026, 20% of APEJ enterprises will incorporate cyber-resiliency planning in response to transnational sanctions against countries that neglect overseas illegal cyberactivities of their citizens.
#3: Shared Risk: By 2023, 20% of the largest public cloud customers in APEJ will subscribe to integrated risk management and cyberinsurance policies through shared fate/risk programs to protect against sophisticated cyberattacks.
#4: Unified Security First: By 2023, 40% of APEJ organisations will allocate half of their security budgets to cross-technology ecosystems/platforms designed for rapid consumption and unified security capabilities to drive agile innovation.
#5: Digital Transformation and Security: By 2023, 20% of APEJ IT buyers with IT environments that span disparate locations, clouds, remote workers, and devices will turn to network security as a service to ensure consistent protection.
#6: Regulation and Automation: By 2023, 80% of APEJ organisations faced with complex global regulations will increase security compliance automation investment by 15% to ensure all policies and regulations are met consistently.
#7: Privacy First: By 2023, 33% of digital platforms will appoint resident compliance officers to limit liability from criminal penalties imposed by evolving regulations related to negative social impact of misinformation.
#8: Governance: By 2026, 20% of organisations will commit to short-, mid-, and long-term sustainability objectives that span 10+ years with assured funding from stakeholders despite change of personnel during this time.
#9: Operations: To prepare for future disruption while maintaining supplier sustainability mandates, 55% of organisations will prioritise supply chain resiliency and responsible sourcing by 2023.
#10: Blockchain and Customer Experience: By 2025, 10% of the largest 500 APEJ organisations will employ blockchain-enabled customer data tokens and basic attention tokens to compensate customers for the gathering and use of their data.
These predictions are discussed in greater detail in the new IDC FutureScape report, IDC FutureScape: Worldwide Future of Trust 2022 Predictions — Asia/Pacific (Excluding Japan) Implications (IDC #AP46823520). Each year, IDC releases its Top Predictions through its IDC FutureScape reports to give a crystal ball view of what is ahead for the rapidly changing ICT industry. These predictions have been used to shape the strategies and business objectives of technology leaders and business executives in the next 1-5 years.