Snippets: Cyber security benefits

IoT adopters report a 24% increase in financial benefits from having strong cyber security

A new cyber security report from Vodafone, Cyber Security: The Innovation Accelerator, highlights a strong link between how cyber security is used and business success, with 86 per cent of high-growth companies seeing information security as an enabler of new opportunities, rather than simply a means of defence. The research showed a number of perceived benefits that strong cyber security can bring to the relationship between an organisation and its customers.
 
Eighty-nine per cent businesses said improving cyber security would enhance customer loyalty and trust, and also felt better information security was a competitive differentiator that would help them win customers. Ninety per cent said it would enhance their reputation in the market, potentially attracting new customers. Organisations that use cloud technology or the Internet of Things (IoT) report greater returns from their use of cyber security. IoT adopters report a 24 per cent increase in financial benefits from having strong cyber security.
 
Reimagining health care
 

With urban India becoming increasingly health-conscious and utilising technology to improve the quality of life, the fitness technology market in India is expected to double in value to $250 million by 2023, according to a whitepaper titled “Billion-Fit: Technology Redesigning Healthcare” published by Grant Thornton, IVCA and Kalaari Capital. Growing smartphone penetration in India will increase access and usage of fitness applications and technology. Further, deployment of revenue cycle management, efficiency in discharge times, and bed release would also result in reduced operational and treatment costs by hospitals. Adequate investment in technology could reduce operating costs and make hospitals more profitable, and patient care more affordable in the long run.