Over the past yr, COVID-19 has remodeled the way in which folks work and socialize on brief discover. Whereas companies have reopened amid mass vaccination efforts, surging instances spurred by the delta variant add uncertainty to long-term pandemic restoration. On Wednesday, Verizon launched the outcomes from a brand new survey, detailing sentiment amongst enterprise leaders concerning the financial impacts of COVID-19, labor shortages, community safety within the age of distant work and extra.
“There may be nonetheless an extended street forward for restoration however there’s an awesome sense of optimism; that expertise will allow the aggressive edge our clients have to scale their enterprise for the longer term,” mentioned Sampath Sowmyanarayan, chief income officer for Verizon Enterprise, in a weblog publish concerning the findings. “As our clients enter their subsequent section of progress, expertise that addresses safety, dependable connectivity and allows mobility can be integral to their success.”
COVID considerations and enterprise optimism
After a yr of layoffs, historic unemployment and financial uncertainty, firms have elevated hiring in latest months. In comparison with final August, 53% of respondents mentioned the “state of their enterprise” is considerably or a lot better off and 68% consider their firm “can be higher off” in a yr than it’s in the meanwhile, based on the report. Regardless of this optimism, firms are nonetheless involved concerning the financial influence of COVID-19 on small companies.
SEE: Safety incident response coverage (TechRepublic Premium)
In August 2021, 90% of enterprise homeowners and decision-makers mentioned they had been very or considerably involved concerning the influence of COVID-19 on small U.S. companies, a 2% lower from August 2020, per Verizon. 12 months over yr, respondent sentiment concerning the coronavirus and associated results on the U.S. economic system stays nearly unchanged, reducing 1% over this time interval.
Digital collaboration and cybersecurity
On the onset of the coronavirus pandemic, firms across the globe shifted to distant work nearly in a single day and these new operations introduced new logistical and safety challenges for enterprise leaders and IT groups. Within the final yr, many decisionmakers have applied new safety (38%) and digital collaboration tech (38%) and about one-third mentioned they’d “briefly closed to permit for transitions to new programs or methods of working.”
In latest months, a string of high-profile cyberattacks has reverberated throughout essential points of U.S. infrastructure, bringing conversations round community safety entrance and middle for enterprise leaders. When requested to contemplate how their enterprise plans to “transfer ahead” within the months forward, 44% of decisions-makers mentioned they had been involved about “guaranteeing the safety of firm networks and laptop programs” in August 2020, and this quantity jumpered to 52% in August 2021, per Verizon. Issues about guaranteeing on-line and digital transactions safety equally elevated from 43% in August 2020 to 52% in August 2021.
As a part of the distant workday, many staff at the moment are logging on by way of their dwelling networks utilizing a combined bag of private and firm units, probably rising cybersecurity dangers for employers. Almost 7 in 10 enterprise decision-makers (72%) considerably or strongly agreed that working from dwelling has “elevated the potential for cybersecurity threats” at their firm and 68% strongly or considerably agreed that distant operations led their firm to “implement new cybersecurity practices and insurance policies,” based on the report.
SEE: How one can handle passwords: Greatest practices and safety ideas (free PDF) (TechRepublic)
Many decision-makers had already taken steps to buttress community safety or had been at the moment within the means of implementing these methods or planning to take action. This contains buying or upgrading antivirus packages (54%), requiring login MFA (50%), evaluating or enhancing community safety practices (49%) and staff coaching about the most effective cybersecurity practices, per Verizon.
Nice Resignation and labor market
In latest months, there was a lot dialogue a couple of Nice Resignation of types as staff soar ship amid a good labor market and myriad deal-sweeteners to hunt employment elsewhere. When requested to consider the impacts of the coronavirus since final August, 49% of decision-makers mentioned their firm had “challenges hiring new staff to fill open positions” and 46% mentioned they “misplaced staff or had challenges retaining high expertise,” based on the report. About one-third (30%) mentioned they’d “applied new programs or expertise to compensate” as a consequence of employee shortages.