Equinix, Inc., the global interconnection and data centre company, has announced the findings of an independent survey of over 1,200 senior IT professionals from across Europe, Middle East and Africa. Results show that 71% of EMEA organisations are likely to move more of their business functions to the cloud in the coming years. 60% of EMEA IT leaders cite proximity to cloud service providers (CSPs) as an integral factor when choosing a data centre in their local market.
Despite more business moving to the cloud, 70% of these same respondents still perceive there to be cybersecurity risks around cloud adoption. Large public data breaches have caused uncertainty among companies, leading to 45% of respondents focusing on improving their organisation’s cybersecurity as their biggest IT priority.
Cloud and cybersecurity considerations together are top of mind for IT executives across the region. For nearly half (48%) of the those surveyed, the adoption of cloud-based services represented one of the top two factors that will impact their business in the future — second only to cybersecurity risks and breaches (53%).
In Ireland, 64% of the 100 Irish respondents believe their organisation will move more to the cloud – 6% lower than the EMEA figure. An additional two thirds (67%) believe that proximity to cloud service providers is an important factor when choosing a data centre in Ireland. In fact, cited by 29% of respondents, cloud service providers are the most likely organisations that Irish businesses will connect with in the future.
The rise in cloud adoption comes at a time when Irish businesses are seeing their data volumes explode. In the next three years, Irish businesses anticipate that their data volumes will surge by 72%. The growth in data has resulted in the average Irish enterprise spending €1.35 million on data storage, processing and handling in the last 12 months. Worryingly, however, 27% say their organisation doesn’t have the right infrastructure in place to deal with increasing data volumes.
Highlights / Key Facts
· The survey was conducted to further explore areas highlighted in the second volume of Equinix’s annual market study, the Global Interconnection Index (GXI), which analyses traffic exchange globally, Interconnection, or direct and private traffic exchange between key business partners, is becoming the de facto method for companies to operate in today’s digital world.
· GXI analysed key macroeconomic, technology and regulatory trends that have driven Interconnection growth in the past year and will impact its future growth. The GXI found that cybersecurity risk was one of the key trends, as it expands Interconnection consumption as firms increasingly shift to private data traffic exchange to bypass the public internet and mitigate against digital threats as data is distributed across a growing number of vulnerability points. Large-scale cybersecurity breaches are one of the most serious risks facing the world today, and the scale of the threat is expanding drastically. By 2021, the global cost of cybersecurity breaches is projected to reach US$6 trillion.
Maurice Mortell, Managing Director for Ireland and Emerging Markets, Equinix said:
“As Irish businesses become increasingly digitised, they are consuming and producing record amounts of data. We can see that enterprises are investing heavily in getting value out of this data and ensuring it works best for their business. However, there is still a large proportion of companies that don’t have confidence in their digital infrastructure. In today’s world, digital transformation is non-negotiable – it is essential for survival and success.
“Businesses need to ensure they have robust cloud strategies in place, or they will be left behind. Ireland has become a hub for hyperscale cloud service providers and our data centre industry is flourishing. It is an extremely attractive place to carry out digital business. In fact, 87% of respondents said they view Ireland as the best place in Europe to interconnect with partners, customers, supply chain and cloud service providers.”