During Covid-19, many organizations began or accelerated efforts to migrate applications to public cloud environments. The purpose of this study is to learn important information about how COVID-19 changed the migration of applications and the effect it has had on organizations’ cloud security practices and costs. As defined in this research, the post-COVID cloud boom refers to the impact of the pandemic on corporate cloud migrations and deployment.
According to the research, the use of public cloud resources for securing critical applications outpaced on-premises deployment because of the need to maintain a higher level of agility, flexibility and resilience during the pandemic. Further, the “boom” refers to the innovations made by cloud users and providers to respond to threats and vulnerabilities that have emerged during the pandemic.
Sponsored by Anitian and conducted by Ponemon Institute, 643 IT and IT security respondents in the United States were surveyed in organizations that use all or mostly public clouds. A key takeaway from the research is that 61 percent of respondents say migration or expansion of cloud resources significantly increased (31 percent) or increased (30 percent) their organizations’ ability to achieve its business goals such as revenue growth, expansion into new markets, retention and hiring of in-house expertise and innovation.
Our study confirms that organizations’ migration and expansion of cloud resources during the COVID pandemic significantly increased their ability to achieve their business goals. Enterprise’s objectives such as revenue growth, expansion into new markets, retention and hiring of in-house expertise, and innovation were all prominent findings in our research.
The following findings reveal how the Post-Covid-19 boom is supporting three equally important objectives for organizations: business growth, security posture and financial strength.
- Despite the challenges of dealing with COVID, migration and transition to public clouds resulted in a boom. During this period, many organizations realized greater agility and innovation in responding to threats and vulnerabilities that emerged during the pandemic.
- The use of most or all public cloud providers increased significantly in the post-Covid-19 era resulting in many organizations benefiting from the boom. The boom significantly increased or increased the ability of organizations to achieve their business growth despite risks due to a remote workforce, according to 61 percent of respondents.
- The primary benefits from the boom are to support business goals. According to the research, 62 percent of respondents say the migration or transition to the public cloud was to reduce cost, 53 percent of respondents say it is to increase efficiency and 41 percent of respondents say it is to support business growth.
- Organizations’ cloud security improves in the post-Covid-19 boom. Pre-Covid-19 before transition or migration to the public cloud, 35 percent of respondents say their organizations had a very effective cloud security posture. Post-Covid-19 about half (49 percent) of respondents say their organizations’ security posture is very effective. Further, business risk did not significantly increase or increase during migration or transition to the public cloud.
- Remote worker productivity increased while supporting security in the cloud. Applications were moved to the cloud to improve remote worker productivity. Employees working remotely increased significantly during the pandemic and organizations moved their applications to the cloud for productivity and security reasons.
Special analysis: Financial strength
Ponemon Institute, as part of this research, conducted a benchmark study of 158 senior-level CISOs in companies that primarily transitioned or migrated to the public cloud during the pandemic (81 respondents) vs. companies that did not significantly transition or migrate from the on-premises environment (77 respondents) during this period.
As revealed, companies that primarily migrated or transitioned to the cloud have lower costs to secure the cloud and respond to the financial consequences of data breaches in the cloud. These organizations also made greater investments in security technologies because of the ability to reduce costs.
- Lower costs to secure cybersecurity operations in the cloud. On average, in a comparison between those organizations that primarily migrated or transitioned to the public cloud during the pandemic had lower costs to ensure the security of the cloud ($14.5 million) vs. those organizations that primarily performed cybersecurity practices on-premises ($16.1 million) for a net benefit of $1.6 million.
- Lower data breach costs. For those organizations that migrated and transitioned all or most of their cybersecurity practices to the public cloud had significantly lower data breach costs ($13.3 million vs. $18 million) for a net benefit of $4.7 million.
- Higher annual investments in cybersecurity operations in the public cloud. Due to lower costs as described above, those organizations that performed cybersecurity operations in the public cloud were able to increase their annual investments ($16.8 million vs. $12.2 million), for a net benefit of an increase of $4.6 million in annual investments.
Visit Anitian’s website to download the full report. In it, you’ll find a complete analysis of the research findings. The report is organized according to the following themes.
- The benefits of the post-COVID-19 cloud boom
- Managing security risks in the cloud
- Special analysis: The financial benefits of the post-COVID cloud boom
- Steps taken to secure remote workers’ access to the cloud