Post by account_disabled on Jan 13, 2024 4:43:27 GMT
That focuses on the undeniable strategic importance of cybersecurity to the health and prosperity of today’s digitally minded companies (who isn’t going digital?). Leaders are starting to view cybersecurity as a means to improve profits and there are specific ways to use it for this purpose. How Cybersecurity Boosts Profits The right cyber investments can reduce significant costs for businesses in the long run. It can also increase an organization's attractiveness to customers, thereby increasing the chances of acquiring new and enhanced revenue streams. from enterprises to entire business ecosystem suppliers, R&D, production, products, services and more. Reduce expense.
If carefully planned, cybersecurity can reduce costs by: Minimizing the business impact (e.g., operational, financial, regulatory) of cyber risks. Reduce the cost of remediating cyber incidents by introducing capabilities that reduce the number of incidents and or quickly contain the Email Lists Database spread of incidents. Identify relevant business capabilities that require cost-focused improvements (e.g., crisis management, supply chain management) by conducting cyber readiness exercises. increase income. Companies can leverage cybersecurity to support revenue by: Offering differentiated and marketable features to win customers, increase transaction size, and charge premium prices.
Gain new revenue streams by adding security capabilities (e.g., monitoring, response) to your existing portfolio. Use security services to maintain long-term stickiness with customers and keep sales channels open for a range of products. About the author is a business executive and web strategist. Tags: Business Focus Cybersecurity Digital Commerce Risk Management Strategy Planning Tech Investing More like this Work Miracles with: Don’t Be Distracted by the Hype of Generative AI The Jobs of Large Language Models Limit the PR Power of Frank.
If carefully planned, cybersecurity can reduce costs by: Minimizing the business impact (e.g., operational, financial, regulatory) of cyber risks. Reduce the cost of remediating cyber incidents by introducing capabilities that reduce the number of incidents and or quickly contain the Email Lists Database spread of incidents. Identify relevant business capabilities that require cost-focused improvements (e.g., crisis management, supply chain management) by conducting cyber readiness exercises. increase income. Companies can leverage cybersecurity to support revenue by: Offering differentiated and marketable features to win customers, increase transaction size, and charge premium prices.
Gain new revenue streams by adding security capabilities (e.g., monitoring, response) to your existing portfolio. Use security services to maintain long-term stickiness with customers and keep sales channels open for a range of products. About the author is a business executive and web strategist. Tags: Business Focus Cybersecurity Digital Commerce Risk Management Strategy Planning Tech Investing More like this Work Miracles with: Don’t Be Distracted by the Hype of Generative AI The Jobs of Large Language Models Limit the PR Power of Frank.