Report by IBM & Palo Alto Networks
Capturing the cybersecurity dividend
Key Findings
41% of executives say security fragmentation has driven up procurement costs.
Organisations are juggling an average of 83 different security solutions from 29 vendors.
4 out of 5 non-platform organisations say their security operations cannot effectively deal with the sheer quantity of threats and attacks.
52% of executives say complexity is the biggest impediment to their cybersecurity operations.
For platformised organisations, mean time to identify (MTTI) security incidents is shorter by an average of 72 days.
For platformised organisations, mean time to contain (MTTC) security incidents are shorter by an average of 84 days.
7 out of 10 surveyed companies with a high degree of security platformisation report their cybersecurity investments have helped business outcomes.
80% of platformisation adopters say they have full visibility into potential vulnerabilities and threats.
Organisations can experience nearly 4 times better return on investment (ROI) from their cybersecurity investments by consolidating multiple tools into a unified platform.
75% of organisations that have embraced security platformisation agree that better integration across security, hybrid cloud, AI, and other technology platforms is crucial.
80% of executives agree they face pressure to reduce the cost of security.
90% of surveyed executives expect to scale, optimise, or innovate with AI within the next two years.
52% of surveyed executives note that the fragmentation of security solutions is limiting their ability to deal with cyber threats.
Surveyed executives estimate that security fragmentation and complexity costs their organisations an average of 5% of their annual revenue.