Tech Trends: Privacy Usurps Talent Gap as Top Risk, APEJ Security Market to Hit $16B + Python Wows – MENAFN.COM

(MENAFN – PRLog) In our lead story, concerns about rapidly accelerating privacy regulations and their associated regulatory burdens have become the top emerging risk that organizations face globally, according to research advisors at Gartner.

A new survey across industries and geographies showed that “accelerating privacy regulation” had overtaken “talent shortages” as the top emerging risk.

“With the General Data Protection Regulation (GDPR) now in effect, executives realize that complying with privacy regulations is more complex and costly than first anticipated,” said Matt Shinkman, VP at Gartner. “More budget dollars from IT, legal and information security are going to address GDPR compliance.”

Sixty-four percent of respondents indicated that accelerating privacy regulation was a key risk facing their organizations. The data showed a particularly elevated concern among executives from the banking, financial services, technology and telecommunications, and food, beverage and consumer goods sectors, with at least 70 percent of executives in each sector indicating it as a top risk.

“We are now seeing an evolution from GDPR-specific concerns, which have been on executives’ minds for the past couple of years, to a broader recognition that their organizations need to overhaul their entire data security governance strategies,” say researchers. “GDPR compliance is really just the starting gun in this process, and not the finish line.”

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Did you know? 50 million people visit Stack Overflow each month to learn about coding. So they are a great source of information about professional developers and students preparing for an IT career. In other words, they have their finger on the pulse of the coding community.

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So what are some of the coding trends Stack Overflow found in its recent survey? Python is now the fastest-growing major programming language, and has risen in the ranks of programming languages to edge out Java.

Another interesting finding was DevOps specialists and site reliability engineers are among the highest paid and most experienced developers. Developers tend to be more satisfied with their career than with their current job. Job satisfaction is highest for engineering managers and senior engineering executives, along with SREs and DevOps specialists. Developers with the lowest job satisfaction include academic researchers, educators, scientists, and designers.

Interestingly, when asked what they primarily believe about blockchain technology, respondents to the survey were largely optimistic about its broad usefulness. However, the more experienced a respondent is, the more likely they are to say blockchain technology is an irresponsible use of resources.

Meanwhile, software developers work in a diverse range of industries, both inside and outside the technology sector. Of note, more professional developers now work for companies doing general software development, IT, and finance/banking.

When thinking about blockers to productivity, says Stack Overflow, different kinds of developers report different challenges. Men are more likely to say that being tasked with non-development work is a problem for them, while gender minority respondents are more likely to say that toxic work environments are a problem.

In other news, spending on security related hardware, software, and services i the Asia and Pacific region excluding Japan (APEJ) will increase 20.0% to 16.0 billion dollars, say market intelligence experts at IDC.

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“The Asia/Pacific region is no longer under-the-radar as far as breaches, hacks, and legislation is concerned,” says Simon Piff, VP for IDC Asia/Pacific. “For too long, business leaders were underinvesting in this category.”

Security-related services at $6.5 billion in 2019 will be both the largest and the fastest growing category of APEJ security spending. Managed security services will be the largest segment within the services category, delivering more than 46% of the technology category throughout the forecast. Security hardware is the second largest category with 36.2% share of the overall security spend in 2019. Network security hardware will be the largest hardware segment throughout the forecast period, and software spend accounts for 23.0% of the overall security spend this year.

Industry-wise, banking will make the largest investment in security solutions, increasing from $2.4 billion in 2019 to $4.2 billion in 2022, says IDC. Primarily, this growth is led by managed security services and network security which accounts for more than half of the industry’s spend throughout the forecast.

“With the rising pressure from the government and customers to combat threats aiming their own customer accounts and IT infrastructure in an everyday life has generated huge impetus in terms of security spending in the banking industry” say the analysts.

Telecommunications and Federal/Central Government are the other two shaping industries, representing 23.2% share of the overall security spend in 2019. The industries that will see the fastest growth in security spending will be State/Local Government and Resource Industries.

“We have observed that industries such as State Government, Resource, Utilities, Telecom and Transportation have the fastest spend on security solutions as a result of the region’s growth of internet users, economic activity and increasing digitalization of businesses,” says Swati Chaturvedi of IDC Asia/Pacific. “All these changes can potentially create unforeseen implications… hence governments and critical infrastructural agencies alike are putting in extra efforts and investments in security solutions to preserve data integrity and maintain strategic relevance.”

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Tech Trends: Privacy Usurps Talent Gap as Top Risk, APEJ Security Market to Hit $16B + Python Wows


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