A recent study conducted by technology transformation specialists Stridon has revealed that almost half (46%) of professional services firms in the UK are not adequately prepared to handle the risk of a potential cybersecurity attack. The research, which surveyed 500 key IT decision-makers in the sector, emphasized the need for more strategic expertise and improved technology to combat cybersecurity risks.
The findings also indicated that over half (51%) of professional services firms lack the internal capacity and expertise to fully execute their desired technology projects. Additionally, 62% of firms believe their technology functions are not fully supporting the strategic direction of their businesses.
Despite these challenges, there is a positive attitude towards adopting technological advancements, with 86% of respondents acknowledging the potential for technology to generate better business outcomes. Furthermore, 83% of businesses anticipate an increase in technology budgets over the next year.
The study’s insights have been compiled into Stridon’s new whitepaper, “Leveraging Technology as Strategic Force in Professional Services Firms,” which is now available for download online.
According to Matthew Stringer, Chief Experience Officer at Stridon, the findings highlight the need for professional services firms to take a proactive approach to cybersecurity. Stringer emphasizes the importance of educating and training employees on cybersecurity best practices and implementing the right governance framework to mitigate risks.
For more information on overcoming technology challenges in the professional services sector, you can download the whitepaper here: https://insights.stridon.co.uk/technology-as-a-strategic-force-whitepaper.