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Cybersecurity:
practices need to be reviewed to reduce risks

IT teams will certainly take centre stage in the post-pandemic economic recovery, as nearly half (43%) of respondents are increasingly concerned about cyberattacks ever since the hybrid work model was introduced. The percentage of companies that have reviewed their security practices has slightly decreased compared to 2020 (76% vs. 81%), an indication that the pandemic is once again having a significant impact on business decisions.

Companies targeted by cyberattacks

 

Discover how many businesses pay the ransom demanded

Opportunities to be seized in order to tackle workplace challenges

Among the investments being planned by Canadian companies over the next two years, application modernization solutions (automation, containerization, orchestration), advanced data analytics and artificial intelligence solutions rank fourth and fifth respectively.

AI versus automation

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Cloud computing:
the way of the future

Last year’s study found a sharp acceleration in migrating to cloud computing by Canadian businesses as a result of the COVID-19 pandemic; the 2021 data shows that this trend is going strong.

Indeed, 44% of respondents view cloud computing as a future solution but are not ready to implement it. One third of respondents (32%) said that cloud computing has improved their business performance.

Overall, more than three out of four companies see cloud-based solutions as the way of the future. 

 

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Operational
priorities still
dominate

 

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Since the beginning of the pandemic, companies are being more cautious and fewer of them are planning to invest in technology within the next two years (80% in 2021 vs. 88% in 2020).

Once again this year, priorities are focused on operations and not on advanced technologies, a niche that has lost some traction since the beginning of the pandemic. The main investments being considered are in cloud-based solutions (34%), security (25%), and infrastructure (21%).

For the second year in a row, plans to invest in advanced data analysis and artificial intelligence have declined, dropping from 29% in 2020 to 18% in 2021. While Quebec was among the leaders in this sector before the pandemic, it is now the province with the least interest in investing in AI.

 

More and more companies are finding it hard to attract qualified employees, regardless of the field of expertise.

 

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Companies concerned about data protection

This year’s cybersecurity data shows that recent security breaches and data theft have rocked Canadian businesses, which now have a better understanding of the risks to which they are exposed.

 

Understanding the impact of regulation

In 2021, two thirds of companies had a very good (23%) or fair (43%) understanding of the impacts of new North American and European regulations on their data management.

While this proportion is lower than in 2020 (75%), the decline is largely due to an increase in respondents who did not know the answer or refused to provide one (15% in 2021 vs. 7% in 2020).

It is worth noting that the percentage of respondents that reported having a good understanding of the regulations is significantly higher among companies that:

DISCOVER ALL THE HIGHLIGHTS OF THE 2022 TI PORTRAIT