Organizations are having to balance 83 different security solutions from 29 vendors, according to research from the IBM Institute for Business Value ( IBV ) and Palo Alto Networks.
A study of 1, 000 professionals from 21 different sectors and 18 nations, including 37 Taiwanese organizations, was part of the study, which was conducted in collaboration with Oxford Economics from July to September 2024.  ,
According to the results, seven out of ten surveyed businesses report that their security investments have improved firm outcomes like operational efficiency and revenue generation.
More than half ( 52 % ) of the respondents ‘ executives agree that fragmentation of security solutions is limiting their ability to deal with cyber threats, but 75 % of organizations who have adopted security platformization believe better integration across security, hybrid cloud, AI, and other technology platforms is essential.  ,
Moving to a platformized security strategy can help businesses obtain shorter response times and costs without sacrificing security effectiveness, according to the analysis.
Surveyed executives say that surveillance complexity and separation cost their businesses an average of 5 % of their annual revenue. For a$ 20 billion annual revenue company, that’s a$ 1 billion cost to the business in aggregate.  ,
Count the costs of safety incidents, lost output, failed modern transformations, stalled AI initiatives, reduction of consumer trust and social damage and the numbers add up.
” Singapore’s companies are quickly embracing a platformised approach to safety, recognising its ability to enhance productivity, strengthen digital resilience, and improve operations. In an AI-driven time, strong partnerships are more important than always”, said Steven Scheurmann, Palo Alto Networks local VP in ASEAN.
Findings show that 78 % of , Singaporean , executives ( 52 % globally ) say complexity is the biggest impediment to their cybersecurity operations.
Three-fifths or 62 % of Singaporean executives ( 80 % globally )  , agree they face pressure to reduce the cost of security – while globally, 41 % say security fragmentation has driven up procurement costs.
Four out of five non-platform organizations claim that their safety measures are insufficient to handle the volume of threats and attacks.
80 % of platformisation users claim to have full access to potential risks and threats on a global scale.
Also, globally, for platformised organisations, mean time to identify ( MTTI ) and mean time to contain ( MTTC ) security incidents are shorter by an average of 72 and 84 days, respectively.
The study finds efficient security requires platformisation. Consolidating several tools into a single system not only improves security posture but also enables organizations to encounter nearly four times better ROI from their cybersecurity investments, leading to increased revenue generation and operational efficiencies.
A platform approach may also help an organization ingest and analyze data more thoroughly to produce meaningful insights when it comes to AI. Integrating AI into their systems can be a crucial part in improving their safety planning because 90 % of the professionals surveyed anticipate scaling, optimizing, or innovating with AI within the next two years.  ,
For instance, accelerating the adoption of agentic AI for security and utilizing platformization to build the popular governance required to deliver the AI abilities shaping the future.
By adopting a platformisation strategy, businesses can fit technologies, travel innovation, and prioritise protection as a primary business requirement.