In late 2019, Accenture Strategy did an assessment on “ Securing the Digital Economy.”
Topics included:
- The Internet Just Can’t Keep Up
- The IoT Effect
- Identities in Crisis
- No Flow Versus Free Flow
- The Cost of Insecurity
- Keeping Tabs on Cybersecurity Investments
Then they gave recommendations for actions in the following areas:
- Governance
- Infrastructure
- Technology
This is a great read.
But I want to emphasize just one of their findings — The Cost of Insecurity
Here’s their chart:
In the private sector, over the next five years companies risk losing an estimated US$5.2 trillion in value creation opportunities from the digital economy
Yes, that TRILLIONS with a “T.”
If that’s hard to get your head around, this will help you apply this to your company.
This translates to 2.8 percent in lost revenue growth for the next five years for a large global company.
Worry. React. Invest.
Originally published at https://blog.benmoore.info.
