As a Kaspersky survey shows: 95 percent of companies admit that technology innovations and projects fail even before they are launched, also because of the lack of involvement of the Chief Information Security Officer (CISO).
In the majority of companies (95 percent), innovation projects do not achieve their goals, as a global Kaspersky study shows. The biggest hurdle for innovative projects is their development phase: more than a third (36 percent) fail here. But the lack of cooperation with IT security departments and especially with CISOs (Chief Information Security Officers) is also driving the drop-out rate of new ideas up.
Most of the failed projects are not communicated
New products and entrepreneurial ideas are not always successful. Big players like General Electric have had to experience that even a transformation of internal processes does not always bring the desired results. The majority of failed projects never even come to light.
A recent Kaspersky study shows that 95 percent of companies put projects on hold before they are launched. Most innovations (36 percent) fail in the development phase. 19 percent of the decision-makers surveyed believe that a lack of planning and structure are the cause of the failure. The ability to actually implement it is therefore just as important as the development of convincing ideas in order to be able to present a profitable and realistic solution on the market.
Cyber security is guilty of failing projects
Even if cybersecurity was not named among the reasons for the failure of innovative projects, 74 percent of those questioned agree with the statement that the abandonment rate for innovation projects in companies increases if the Chief Information Security Officer (CISO) is not involved in the process at an early stage. It appears that many are struggling to reconcile innovative projects with cybersecurity requirements. More than one in two (54 percent) decision-makers regard the IT security guidelines in the company as an obstacle to innovation.
"For a company to innovate, it should take risks and be willing to go through failures in the process, as these are inevitable when dealing with something truly new," said Alexander Moiseev, Chief Business Officer at Kaspersky. "However, practical steps can be taken to ensure that a new technology or product reaches market launch. Cybersecurity does not have to be another obstacle for companies to overcome, but should be an integral part of the project all the time. Decision makers should ensure that they keep the CISO informed early on when the company's next technological breakthrough is being planned."
More about the PDF “Innovations in Business” at Kaspersky.com
About Kaspersky Kaspersky is an international cybersecurity company founded in 1997. Kaspersky's in-depth threat intelligence and security expertise serve as the basis for innovative security solutions and services to protect companies, critical infrastructures, governments and private users worldwide. The company's comprehensive security portfolio includes leading endpoint protection as well as a range of specialized security solutions and services to defend against complex and evolving cyber threats. Kaspersky technologies protect over 400 million users and 250.000 corporate customers. More information about Kaspersky can be found at www.kaspersky.com/