Blockchain is one of the technologies in which large groups invest the most to support their transformation, according to Okta.
To support their digital transformation plans, large global companies are investing heavily in disruptive technologies, blockchain included. This is what the results of a investigation* international promoted by Okta.
“86% of organizations that have embarked on their digital transformation are adopting new technologies to support agile application development,” said the authors of the report. They are also doing it to invest in the field of “cutting edge” technologies, added the provider of identity and access management (IAM) solutions.
Blockchain (61%) is one of the most frequently cited technological investments. This is despite regulatory uncertainties over decentralized transaction management technology itself and the volatility of cryptocurrencies.
Connected objects and AI are other key areas of investment.
Billions of dollars invested
The decision makers surveyed are therefore more likely to say they invest in artificial intelligence (AI, 68%) and, even more, in the Internet of Things (IoT, 72%).
Also, according to a other study (Bain & Company), the combined spending of companies in IoT could reach $ 520bn in 2021 (compared to $ 235bn in 2017).
Cybersecurity and data protection are other big issues.
The firm IDC forecasts that the global spending of companies in security solutions will grow by more than 9% per year to exceed $ 133 billion by 2022.
Enough to face the multiplication of cyber threats and support regulatory pressure (GDPR, NIS directive, etc.)?
According to Okta’s report, large global companies are combining the development of new products, services and customer experiences based on AI, IoT and blockchain, with a profound change in their data collection and processing practices.
*For Okta’s Digital Enterprise Report 2019, Qualtrics surveyed 1,050 IT and business decision-makers from large global companies each generating more than $ 1 billion in revenue.
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