Investing.com -- A recent global study conducted by the IBM (NYSE:IBM) Institute for Business Value (IBV) and Palo Alto Networks (NASDAQ: NASDAQ:PANW) has revealed that organizations are grappling with security complexity issues as they manage an average of 83 different security solutions from 29 vendors. The study also indicates that 70% of companies with a high level of security platformization believe their cybersecurity investments have enhanced business outcomes, including operational efficiencies and revenue generation.
The research, titled "Capturing the cybersecurity dividend: How security platforms generate business value," found that 52% of the executives surveyed stated that the fragmentation of security solutions is hindering their ability to handle cyber threats. However, 75% of organizations that have adopted security platformization concur that improved integration across security, hybrid cloud, AI, and other technology platforms is essential.
The study suggests that the practice of adding more solutions to tackle evolving security threats is leading to inefficiency, impacting both performance and the bottom line. On the other hand, transitioning to a platformized security approach can assist businesses in achieving reduced response times and costs, without compromising the effectiveness of their security.
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