IT leaders unveil the main factor affecting their firm’s willingness to invest in innovative tech

Digitisation is fundamental to unlock new revenue streams, says 9 in 10 IT leaders.

Cybersecurity issues and concerns are hampering organisations from investing in innovative technology, according to six in 10 (60%) IT leaders.
This fear likely comes from the fact that nine in 10 firms in Singapore either consider emerging tech a danger or admit to having experienced a breach because of it, according to HPE Aruba Networking’s research.

IT leaders (97%), however, underscored that digitisation is fundamental to unlock new revenue streams. Many IT leaders (91%) also believe that their respective organisations need “high levels of transformation” over the next 12 months to succeed.

About eight in 10 IT leaders (79%) also expressed concerns about their organisation’s ability to keep up with the latest tech and digital demands.

Currently, only a few IT leaders believe their organisations are innovative (35%) and secure (35%).

What can link security and innovation is a network, according to IT leaders. Fifty-three per cent of them believe the network can support greater innovation. 

In Singapore, however, organisations are starting to press ahead with network-based security solutions including, Security Service Edge (SSE) or similar edge-to-cloud security (91%), policy-based network access control (90%), and Secure Access Service Edge (SASE) security (91%). 

The research, however, suggests that firms still need help tying these investments together to realise their benefits.

Data from HPE Aruba Networking showed that only 45% of Singaporean IT leaders believe their current network can deliver or support flexible enterprise security and even fewer see its role in supporting emerging technologies (32%).