As the world continues to navigate the impact of the COVID-19 pandemic and looks to the next new normal, IDC believes that organizations – private sector, government, and educational institutions – will embrace digital-first strategies.
We are at a tipping point in the digital transformation revolution. Data security, confidentiality, integrity, and availability are now key issues for all organizations, as is the imperative to use data ethically while complying with a complex web of industry and regional regulations. Organizations must also recognize – and be sensitive to – practices that pose risks to the environment and humanity. The urgency is building to proactively deliver on all of the elements of trust – risk, compliance, security, privacy, social environmental responsibility and ethics.
IDC’s Top 10 Future of Trust Predictions
IDC’s Future of Trust top 10 predictions reflect many of these issues, and provides guidance to organizations as they navigate the changes ahead:
- Prediction 1: By 2025, 35% of organizations will replace Net Promoter Score-like metrics with Trust Indices in RFPs to align traditional security and risk solutions with customer success, brand, and reputation.
- Prediction 2: By 2026, 40% of global enterprises will incorporate cyber resiliency planning in response to trans-national sanctions against countries that neglect overseas illegal cyber-activities of their citizens.
- Prediction 3: By 2023, 25% of the Global 2000 public cloud customers will subscribe to integrated risk management and cyber insurance policies, through shared fate risk programs to protect against sophisticated cyberattacks.
- Prediction 4: By 2023, 55% of organizations will allocate half of their security budgets to cross-technology ecosystems/platforms designed for rapid consumption and unified security capabilities to drive agile innovation.
- Prediction 5: By 2023, 20% of IT buyers with IT environments that span disparate locations, clouds, remote workers, and devices will turn to network security as a service to ensure consistent protection.
- Prediction 6: By 2023, 80% of organizations faced with complex global regulations will increase security compliance automation investment by 25%, to ensure all policies and regulations are consistently met.
- Prediction 7: By 2022, 33% of digital platforms will appoint resident compliance officers to limit liability from criminal penalties, imposed by evolving regulations related to negative social impact of misinformation.
- Prediction 8: By 2026, 30% of organizations will commit to short-, mid-, and long-term sustainability objectives that span 10+ years, with assured funding from stakeholders, despite change of personnel during this time.
- Prediction 9: To prepare for future disruption, while maintaining supplier sustainability mandates, 35% of organizations will prioritize supply chain resiliency and responsible sourcing by 2024.
- Prediction 10: By 2025, 25% of the Global 500 will employ blockchain-enabled Customer Data Tokens (CDT) and Basic Attention Tokens (BAT), to compensate customers for the gathering and use of their data.
Interested in learning more? Watch our on-demand webinar, IDC FutureScape: Worldwide Future of Trust 2022 Predictions.