📋 Tender Overview
Equinix Inc the worlds digital infrastructure company has found there has been a significant year-on-year leap in companies planning to move business-critical applications to the cloud despite cybersecurity concerns.The need to remain competitive and cater to increased user demands has prompted a 15 jump to 37 of companies saying they plan to move business-critical applications to the cloud in 2020-21 compared to the previous year. As digital leaders build robust digital infrastructures to ensure future success it is estimated that almost half 47 of their IT infrastructure globally is now on the cloud despite ongoing concerns over cloud security. These findings come from Equinixs annual global study of the views of 2600 IT decision-makers across the Americas Asia-Pacific and EMEAthe Equinix 2020-21 Global Tech Trends Survey GTTS.Since the outbreak of the global COVID-19 pandemic the risk of cyberattacks has greatly expanded at the digital edge. Cybercrime costs the world economy more than 1 trillion with the average cost to organizations estimated to be more than half a million dollars per incident. Risk has been compounded by the large number of companies quickly shifting network capacity to cater to increasing volumes of remote worker data traffic. This has prompted a surge in cloud migration and broad implementation of cloud-based digital infrastructure as part of a hybrid infrastructure strategy.Balancing cybersecurity concerns with cloud adoption in a digital-first worldJennifer Cooke Research Director Edge Strategies IDC states Shifts in population centers the increasing occurrence of cyberattacks rapidly expanding data volumes and compliance needs the creation of business ecosystems and the transformation to digital business have been driving the need for a new approach to digital infrastructure. These market forces are driving IT leaders to consider the best strategies and prioritize investments across the digital core edge and exchange of data.The GTTS found 70 of respondents believe migrating to the cloud is a top priority with 80 focused on digitizing their IT infrastructure. This move is not being made lightly with the threat of data leakscyberattacks as a result of increased cloud adoption being perceived as one of the biggest threats to organizations in all three regions 52 AMER 50 AP 45 EMEA.These concerns are not without merit. The Global Interconnection Index GXI Volume 4 a market study published by Equinix revealed a growth in the number of user devices and cloud resources meaning organizations have to be aware of distributed security risks such as DDoS attacks which have grown over 270 year-over-year.Michael Montoya Chief Information Security Officer Equinix said Digital transformation is essential for business survival. Every company is becoming a software company and the pandemic has accelerated the need for digital transformation. Indeed findings from the 2021 Gartner Board of Directors Survey show 69 of boards accelerated their digital business initiatives in the wake of COVID-19. Moving to the cloud is at the heart of this transformation. However as our GTTS shows many digital leaders remain nervous about this migration with IT decision-makers highlighting fears around increased data leaks and security breaches.Cyber hygiene remains vitally important in the cloud. Equinix offers a robust and interconnected platform which allows for the direct and secure exchange of data between businesses. Equinix Fabric enables connectivity to global digital business ecosystems and a myriad of cloud service providers. As a Chief Information Security Officer I now have the assurance that my cloud deployments avoid the public internet and the associated cyber risks.Stacy Hayes Co-Founder and Executive Vice President Assured Data Protection added Equinix and Equinix Fabric enabled us to deliver our Rubrik Cloud services over a fast scalable and secure interconnection platform with access to multiple hyperscaler clouds that will not only protect our customers data today but also give them much more value from their data in the future.Other findings of note from the Global Tech Trends Survey include80 of IT decision-makers said digitizing their IT infrastructure is a top priority with 76 working to improve user experience.Almost half 48 of respondents said they believe the threat of data leaks and cyberattacks as a result of cloud migration to be one of the biggest threats globally.81 of digital leaders said they are prioritizing improving their organizations cybersecuritya significant increase from the 70 who said this in the 2019-20 edition of the survey.
