Torii’s latest research reveals that 75% of CIOs are concerned about wasted SaaS spend, but lack good visibility and effective frameworks to evaluate their investment. The distributed SaaS management platform provider’s “State of IT Mind Report” also highlights CIOs’ challenges with cybersecurity and outdated technology.
“Many IT teams are lean and don’t have the human or technology resources needed to keep on top of their ever-changing app landscape and its associated risks. As the State of IT Mind report makes clear, IT pros urgently need an easy way to gain visibility and insights so they can effectively manage spend and curtail risk,” said Uri Haramati, CEO of Torii, in a statement.
Key Findings from Torii’s State of IT Mind Report
Cybersecurity, the Perennial Threat
Spend (cited by 61% of overall respondents), used to be lower on IT pros’ lists of concerns, says Torrii, but now it ties with cybersecurity (62%). The fear that their organizations’ technology stacks lag behind competitors follows closely at 59%. For CIOs in particular, SaaS spend is top of mind. Seventy five percent of CIOs say their inability to identify wasted SaaS spend is a threat to their company’s success.
CIOs feel blind to SaaS Spend Management
Despite CIOs’ concerns, 73% say their organization does not have a strategic framework for evaluating app rationalization and license usage. Thirteen percent say they lack even basic visibility into SaaS spend; thus, indicating that IT organizations need to invest in tools that give them this visibility and, at the very least, instruct teams to create frameworks for assessing and taking action on SaaS investments.
IT isn’t confident in the methods they’re using to thwart cybersecurity threats
Fifty percent of respondents point to leadership’s cybersecurity experience and awareness as a strong contributor to their company’s cybersecurity preparedness. However, only 27% cite cybersecurity systems and tools, and an even slimmer 16% say their companies are strong in training and education. Training must be more of a priority since employees are typically unwitting conduits for bad actors wanting to gain access to company networks and data.
IT Prefers Centralized IT models
Sixty eight percent of respondents work in a centralized IT model – and 82% would prefer it – over having IT services embedded throughout their company. This could make it difficult for lean IT teams to scale and effectively manage their SaaS ecosystems when the majority of cloud apps are acquired via Shadow IT, unless they have tools that enable better visibility and distributed management, says Torii.
Read Torii’s full “State of IT Mind” report here.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our digital newsletters!
Leave a Reply