Devo Report Reveals Cloud Security Priorities of Pandemic-Evolved Businesses – GlobeNewswire

CAMBRIDGE, Mass., June 09, 2021 (GLOBE NEWSWIRE) -- Devo Technology, the cloud-native logging and security analytics company, today announced the results of a report assessing the current state and pace of change with regards to enterprise cloud transformation initiatives and the ramifications on teams running a Security Operations Center (SOC). The report, Beyond Cloud Adoption: How to Embrace the Cloud for Security and Business Benefits, found that the global pandemic accelerated business transformation far past the cloud tipping point and uncovered severe and far reaching implications for security teams. It also revealed that forward-thinking and high performing organizations took this opportunity to face the challenges head-on, and their businesses are far better for itwith more than half of high performing organizations seeing gains in capabilities and visibility.

The findings come from a survey conducted by theEnterprise Strategy Group (ESG) comprising 500 IT and security personnel in the SOC chain of command at enterprise-class (i.e., more than 1,000 employees) organizations in North America and Western Europe in January 2021.

The global pandemic, and associated surge in remote work, accelerated a massive move to cloud with cloud-first organizations now outnumbering on premise organizations by a ratio of three-to-one, with 81 percent of organizations voicing that COVID had accelerated their cloud timelines and plans. Across these companies, there was a 200 percent jump in organizations planning to move more than 75 percent of their apps/workloads to the cloud, with 86 percent of companies placing cloud options in their decision process for new applications, and more than 40 percent choosing the cloud as their first option.

It could not be more clear from our conversations with these companies that cloud considerations are no longer a project-based decision, but an all-in business strategy, said Jon Oltsik, Senior Principal Analyst & ESG Fellow. Even at a time of increasing regulations and risksand increasing IT complexity driven by cloud computing proliferationorganizations are moving aggressively to transform their businesses.

With such a massive and rapid shift, the current infrastructure of technology and people are not well aligned with these new realities. Respondents cited significant issues of complexity and overloadmost notably, 80 percent citing as much as 40 percent more security data on which they need to analyze and act. The staffing costs are also high with 41 percent citing challenges of increased workload, and 35 percent identifying a security skill mismatchall resulting in higher exposure. In 60 percent of organizations, they have seen an increase in threat and attack complexity and in more than 60 percent, it has exposed weaknesses in legacy security toolsets.

While dramatic change is a constant in security, its safe to say that 2020 challenged security professionals in unprecedented ways, said Ted Julian, SVP of Product at Devo. An amazing and encouraging finding of this study is that nearly a quarter of organizations didnt just weather the storm of change, they turned it into an opportunity to build for the future.

ESG designated the 22 percent of organizations deemed high performing as Cloud Evangelists, characterizing them as businesses with high adoption rates of cloud and cloud-based security controls. With nearly 80 percent of these organizations seeing an increase in security spending for cloud, those moving aggressively to transform their security made substantive changes, including:

The all-in approach taken by Cloud Evangelists has not only allowed organizations to keep pace with change, but also positively affect the operational strength of the business overall. More than 50 percent said these security changes increased the pace of application development and deployment, and 62 percent indicated it eased the ability to adopt new technologies. Finally, 56 percent cited high confidence in security visibility into cloud workloads.

These changes by Cloud Evangelists highlight the organizational differences from another group identified in the report, Cloud Adopters (11 percent of survey participants), which represents organizations that are adopting cloud computing but are not as aggressive toward adoption of cloud-based security controls. When it comes to this group that are on the right track of shifting to the cloud, the report findings showed:

About DevoDevo is the only cloud-native logging and security analytics platform that releases the full potential of your data to empower bold, confident action. With unrivaled scale to collect all of your data without compromise, speed to give you immediate access and answers, and clarity to focus on the signals that matter most, Devo is your ally in protecting your organization today and tomorrow. Headquartered in Cambridge, Mass., Devo is backed by Insight Partners, Georgian, and Bessemer Venture Partners. Learn more at http://www.devo.com.

Contact:Devo TechnologyShannon Todescashannon.todesca@devo.com+1 (508) 494-4607

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Devo Report Reveals Cloud Security Priorities of Pandemic-Evolved Businesses - GlobeNewswire