Cybersecurity is Central to Digital Transformation
Digital transformation advances all business areas, fundamentally optimizing business processes and delivering value to customers. Successful digital transformation demands speed and agility over a sustained period, necessitating that cybersecurity keeps pace and becomes equally robust and responsive to changes in business and technology.
Spending on digital transformation is expected to reach $1.8 trillion in 2022 as businesses realize the importance of digitizing their operations. Business entities and their digital transformation specialists must prioritize cybersecurity, especially as businesses accelerate their digital projects to become crucial elements of operations. How, then, can digital transformation stakeholders make cybersecurity a more centralized aspect of digital transformation, and how does low-code development aid with such a comprehensive transition?
Why Digital Transformation Specialists Should Prioritize Cybersecurity
One security incident can completely destroy a company’s entire digital transformation strategy, incurring significant damage to its financial framework and reputation. The average cost of a data breach topped the $4.24 million mark in 2021—the highest average cost in nearly two decades.
Heightened importance has been placed on safeguarding digital technology throughout companies, putting pressure on digital transformation officers to ensure that the continuity of business operations remains intact whenever a disruption occurs. As a result, digital transformation strategists must identify and capitalize on key trends, basing their solutions on cybersecurity best practices.
Safeguarding all Digital Assets
Companies have learned a lot about themselves and their capabilities throughout the COVID-19 pandemic, as they utilize digital technologies to recover from the technology disruptions and added cybersecurity risk it has caused. Many companies have struggled to ensure the stability of their business processes as their IT infrastructures were typically negatively impacted by the pandemic’s disruptions. This has necessitated more robust ways to secure critical digital assets.
Digital transformation officers must improve their management of detailed digital asset inventory, highlighting the crucial resources that need protection, such as network repositories, data centers and business information. Companies should also account for the assets that were not counted during the digitization of their business processes.
For digital transformation security, establishing the ownership and valuation of digital assets, limiting access, and more comprehensive monitoring are solid solutions to ensuring all assets are preserved and maintained consistently.
Gloss