Many middle-market firms are holding off on tech upgrades, and it’s not just a casual choice. A recent report highlights that a staggering 81% of firms operating in uncertain environments are putting crucial tech initiatives on ice due to concerns about cybersecurity risks. This trend threatens their competitive edge as they focus on short-term issues over long-term innovation.
Key Points
- 88% of high-uncertainty firms express significant concern about cybersecurity threats.
- 81% of these firms have delayed or cancelled innovation due to cybersecurity risks.
- 31% anticipate worsening cybersecurity risks in the coming year.
- Short-term focus leads to potential long-term competitiveness issues.
- CFOs are exploring AI-based threat detection and improved operational safeguards to counteract these challenges.
Why should I read this?
If you’re in the middle-market space or just curious about how these firms are navigating uncertainty, this article is a must. It dives into the critical reasons tech initiatives are being sidelined and how cybersecurity is playing a central role. Stay informed about the shifting landscape, so you’re not left behind while the competition moves ahead!