The days of being able to run your business online without worrying about the cost, security and performance are gone. Now, you are trying to balance three complicated and slippery areas - cost, security and performance for business.
Everyone wants their customers to receive services as quickly as possible, but there are hackers constantly attacking companies and businesses don't seem to have enough budgets for everything they need.
So how do we keep our budget, security and speed in balance without causing any one of them to break or fall down?
The cost of providing high performance and strong security can be very high for any business so each business must determine how much to budget for what and why.
If your application crashes, you will likely receive a negative review.
As a result, businesses are investing their time and money into:
Everyone wants their customers to receive services as quickly as possible, but there are hackers constantly attacking companies and businesses don't seem to have enough budgets for everything they need.
So how do we keep our budget, security and speed in balance without causing any one of them to break or fall down?
Why It Matters So Much Now
This problem is becoming even more difficult to deal with because of the growth in cyberattacks and the growing demand from consumers to receive services as quickly as possible. If your website is slow to load, many of your potential customers will leave and if you get hacked, many of your customers will lose trust in your company.The cost of providing high performance and strong security can be very high for any business so each business must determine how much to budget for what and why.
Security Issues
Cybercrime is becoming more strategists. As businesses grow, they will require more robust security solutions due to:- The fact that cyberattacks are becoming increasingly sophisticated due to advances in AI
- The increase in remote work resulting in more opportunities for an attack to be successful
- Government regulations becoming more stringent year after year
Performance Pressure
Today's society has developed an expectation for instant gratification. If your website takes too long to load, you may lose a customer.If your application crashes, you will likely receive a negative review.
As a result, businesses are investing their time and money into:
- Faster cloud computing platforms
- High-performance servers
- Artificial Intelligence (AI) to maximize performance speed
Challenges of Businesses Balancing From 2025 through 2030
I expect that leading companies will no longer choose one of the three priorities below based on the need to excel and will look to combine and utilise these priorities in a smart manner.- Invest based on risk and tackle the most critical risks first.
- Utilise AI for security, as there are not enough humans to monitor every threat.
- Incorporate security and performance from the get-go
- 4. Use multi-cloud and hybrid infrastructure as cost effective solutions that also improve speed.