Investing In Thematics: Big Data (Cloud Computing & Cybersecurity) - Benzinga

Investing In Thematics: Big Data (Cloud Computing & Cybersecurity) - Benzinga - Benzinga

Mar 25, 2022 08:00 pm Cyber Security 169

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Perhaps no investment theme has been more important to the business world since the COVID-19 outbreak than Big Data.

As workplaces went remote, access to key documents, applications, and computing resources made cloud computing essential. We expect the global economy to shift further into the cloud over time, though connectivity can be both a blessing and a curse, as readily accessible files can become an easy target for malicious actors.

Fortifying cybersecurity measures are therefore necessary investments to protect remote treasure troves of sensitive data.

Key Takeaways

COVID-19 related pressure boosted the Big Data theme as it increased cloud utilization faster than previous estimates. Now an estimated 92% of enterprises use multiple cloud services, employing 2.6 public and 2.7 private clouds on average.1

Cybersecurity spending is expected to increase significantly with the global economy going digital. Ninety-six percent of organizations increased their cybersecurity spending in 2020, according to a recent survey. And 91% increased their cybersecurity budgets in 2021.2

Big Data’s cloud computing and cybersecurity technologies integrate exceptionally well from a portfolio perspective, as the data-dense cloud necessitates ongoing cybersecurity spending and investment.

Why Cloud Computing and Cybersecurity Are Such Powerful Forces

Cloud computing offers proven efficiencies that modernize business practices

Of all the investment themes that we track, the Cloud Computing theme likely accelerated the most due to COVID-19 because it became essential to business continuity. In a survey by computer software company Flexera, 29% of respondents said that they increased their cloud usage significantly more than expected during the pandemic, while 61% made slight increases due to pandemic-related operational changes.3 Today, an estimated 92% of ent ..

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