Wall Street PR

Gartner Inc (NYSE:IT) Predicts Growth Opportunity In Digital Security

Boston, MA 09/12/2014 (wallstreetpr) – Gartner Inc (NYSE:IT) said that more than 20% of enterprises will have digital security by 2017 with the advent of Internet of Things (IoT). The increasing use of devices and services in the IoT platform force the enterprises to secure the operating environment.

Garner’s VP, Research, Earl Perkins said that the IoT will redefine the security platform as it will change the complete operating environment. It will remain a challenging task for chief information security officers (CISOs) to integrate the cloud infrastructure, mobile, automation, security and control over enterprise data.

Wide scope

The integration will create an opportunity for the products and services associated with the IoT process. Gartner Inc (NYSE:IT) expects that the IoT-enabled products excluding smartphones, tablets and PCs will grow to 26 billion by 2020, 30 times more than 0.9 billion in 2009, which will create incremental opportunity of $309 billion for the suppliers.

So, the industry will also get significant growth in value addition from the IoT infrastructure. Gartner Inc (NYSE:IT) predicts a total economic value add of $1.9 trillion from IoT infrastructure across the industries. The potential growth is due to the growing opportunity across sectors including the increasing demand from sectors like financial services, insurance, healthcare and manufacturing.

The risk

IoT already had a series of consumer and commercial technology that can use different modalities of customers ranging from the connection from home and automobiles to wearable devices and medical equipment to sensor systems.

However, the digital security will be a challenge for CISO in term of type, scale and complexity as it integrates different technologies into one service platform. Moreover, there is no guide that will provide a framework to incorporate IoT across industries.

Conclusion

Garner advises the security leaders to setup a strategy for digital security so that it will provide a complete guide to address the need. It will provide a better control and performance and minimize the risk of a security lapse.

Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email (alanmasterson@cablemanpro.com) or his Google+ page (https://plus.google.com/103338576216002376250).