It’s no secret that companies won’t survive without innovation. In order to have an advantage over the competition, they must constantly develop, introduce new processes, technologies and tools. Wholesale digitization has driven innovation in at least two ways. On the one hand, it has prepared the ground for easier adoption of new ideas. On the other hand, it opened the door to new threats by increasing the complexity of the IT infrastructure.
Our colleagues checked the approach to innovation in corporations: how they are implemented and what hinders this process. To this end, with the help of the independent research firm Savanta, they asked over 300 employees of large companies in North America, Europe, the Middle East, Latin America, the Commonwealth of Independent States and the Asia-Pacific region. People responsible for decisions related to innovation participated in the study; whether external, relating to customers and end products, or internal, relating to employees and the work process.
Judging by the answers, innovations often do not reach the implementation stage. There are many reasons (you can find them in the full version of the report), but the most common error is due to insufficient planning. In addition, 74% of respondents believe that innovation is bound to fail if a Chief Information Security Officer (CISO) is not involved.
As you know, we are most interested in problems related to information security, so we decided to check whether the areas of innovation that, according to decision-makers, are the most promising, also threaten the security of corporate data. 30% of respondents believe that the introduction of new IoT devices increases the risk of attack and data leakage, 26% indicate artificial intelligence as a threat, and 25% treat blockchain technology as such.
However, our colleagues became interested not only in cybersecurity. They also asked about the creation of new job roles related directly to the development of the company through innovation, as well as clarified what could go wrong and how to avoid new problems.