In the era of digital transformation, the amount of data generated has witnessed an unprecedented explosion. And it doesn’t appear to be slowing anytime soon. The total global volume of data is expected to grow from 64.2 to 181 zettabytes between 2020 and 2025 [Forbes]. As organisations strive to leverage this vast trove of information, the ability to effectively safeguard it and harness its potential has become a significant differentiator between data-driven and data-dead organisations.
However, alongside this data boom, a concerning complication has emerged. The rise of cyber threats, hackers, and ransomware attacks poses a significant risk to organisations, with the average cost of a data breach reaching a record high of US$4.35 million [IBM Security, 2022]. The implications are even more far-reaching for small- and medium-sized businesses (SMBs), as around 60% fail within six months of a cyber-attack [SEC.gov, 2015]. The evolving landscape of privacy laws and security regulations adds yet another layer of complexity.
Adhering to increasingly stringent legal and contractual obligations presents a formidable challenge that organisations must get right, or they risk severe consequences. As businesses operate across increasingly complex and distributed technology environments, a critical question arises: How can you maximise the value of your data while also protecting it against potential threats and ensuring its integrity without compromise?
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