Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The Evolution of Security and Identity is Key to Successful Digital Transformation. Not a day goes by when we don’t hear about yet another data breach or sophisticated compromise. As a result, there cannot be a C-Suite executive that is unaware of the cyber threats their organisation faces, either through guidance from their security teams or the constant media reporting of ransomware or data theft as a result of successful cyber-attacks.

With today’s dynamic cybersecurity threat landscape, governance, risk management, and compliance (GRC) can’t afford to be stuck lagging and playing catch-up. It needs to be leading the pack, ensuring organizations are compliant, protected, communicative, and driving business success.

In today’s rapidly evolving digital landscape, businesses face numerous challenges when it comes to achieving seamless connectivity, optimizing their IT infrastructure, and staying ahead of the competition. Traditional hub-and-spoke or backhaul network architectures often struggle to keep up with the increasing demands placed on them by the adoption of cloud services, growing distributed workforces, and the need for robust disaster recovery capabilities.

Rewind a couple of years and enterprises were heavily focused on acquiring new tech to drive forward their digitization plans. Then, when the pandemic struck, organizations were forced to fix any technology gaps in their environment and digitize services to hastily plug these gaps.

Market pressures and growth opportunities are accelerating digital transformation. According to Gartner, 89 percent of board directors say digital is embedded in all business growth strategies. Meanwhile 99 percent say that digital transformation has had a positive impact on profitability and performance (KPMG). The cloud, connected IoT devices, and remote work capabilities are the cornerstones of digital transformation.

Digital transformation initiatives have pushed software development to the next level. Today's consumers demand an optimum customer experience and expect modern apps to live up to high expectations. So, the average developer in 2023 must keep up with faster delivery, more eye-catching features, and better functionality. This unprecedented growth in the software development industry has led to a massive disparity between development and security teams.

39% of organizations already use low-code and another 27% plan to start doing so in the next year (Forrester). By 2025 more than 70% of all application development will be done using no-code/low-code (LCNC), according to Gartner. LCNC is already everywhere – so what does that mean for your business?

Digital transformation is no longer a new concept – various business functions have already embraced cutting-edge technology to stay ahead of the curve. From IT, sales, and marketing to customer support and even finance, it is evident that most departments understand how integral the transformation is to gain a competitive advantage and continue to win customers. However, when it comes to Governance, Risk management, and Compliance (GRC), most are still stuck with archaic, ad-hoc processes.

Digital transformation in banking began following the creation of the internet in the 1990s as a way for banks to deliver services to their customers more conveniently. Today, it has completely changed how most people interact with their banks. From opening a new account to making transactions and applying for loans, you can access all banking services directly from your computer or smartphone.