Technology Insights

May 2023

Global Leaders Place Bets on the Metaverse

Protiviti-Oxford Survey

Global Leaders Place Bets on the Metaverse, North America Goes All In

Despite the “on again, off again” nature of the metaverse hype cycles over the last 18 months, there’s a healthy consensus among global business leaders that it will have a significant economic impact and contribute to their company’s overall business success over the next decade, according to findings of the Protiviti-Oxford survey, Executive Outlook on the Metaverse, 2033 and Beyond.

Fully two-thirds (66%) of respondents say the metaverse will have either a somewhat significant or significant impact on global business by 2033. That same percentage says it also will be important to their companies’ overall business success over the next decade. The vast majority of the remaining respondents said the metaverse would have a moderate impact, with only 2% saying it will have little to no impact on their business success over the next decade.

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Global Leaders Place Bets on the Metaverse


TODAY! May 18, 1 p.m., EDT — Enhanced Data Protection and Compliance With Microsoft
Protiviti’s data protection and Microsoft Purview subject matter expertise will provide clients with a unique combination of strategic advice and implementation support within the Microsoft Purview solution. Our proven approach helps clients adopt comprehensive data protection from foundational governance to optimised protection capabilities across the organisation to strengthen compliance efforts and sensitive data protection. Please note this webinar does not offer CPE credit. Register now!

Thursday, June 15, 11 a.m., EDT — Confidence in the Cloud: Ensuring a Successful Migration to Microsoft Azure
As a leading cloud platform, Microsoft Azure has more than 200 products and cloud services designed to solve today’s challenges and innovate for the future. By migrating applications to Microsoft Azure, organisations can increase revenue, lower IT infrastructure costs, and improve security and productivity. But, where do you start? Please note this webinar does not offer CPE credit. Register now!

The Following Webinars Are Now Available on Demand

Into the Metaverse: Exploring New Business Opportunities in a Web 3 World
Some forecasts estimate the metaverse could account for as much as $15 trillion in the overall global economy by decade’s end. Whether you’re just beginning to think about what these new worlds mean to your business, or have already had some virtual success, there is much to learn about the world of Web 3 and the metaverse. Register now to view on demand.

Tug of War: Innovation vs. Technical Debt
The takeaways from the results of our Global Technology Executive Survey confirm that technology leaders are exploring new ways to drive innovation and maximise the value of IT. Despite these goals, nearly 70% of organisations view technical debt as having a high level of impact on their ability to innovate. Register now to view on demand.

No Phishing in This Data Lake!
While powerful and convenient, data lakes often house highly confidential data that is the target of threat actors who use phishing tactics to compromise these data lakes in the same ways they use other cyber threats like ransomware. Since phishing is a tactic and data lakes are a target, it makes sense to implement strategies with strong identity and access and other security controls. Register now to view on demand.

All Roads Lead to Data Governance: The Journey From Data Privacy and Protection to End-to-End Data Governance
Data is driving many business decisions, the creation of companies and even the valuation of existing ones. It takes the data and analytics, cyber, legal/compliance, and operations teams working together to actually achieve data governance in all aspects. Register now to view on demand.



The Innovation vs. Technical Debt Tug-of-War


By the Numbers: The Innovation vs. Technical Debt Tug-of-War

Take a look at this infographic to get a by-the-numbers view of how the more than 1,000 CIOs, CTOs, CISOs, and other technology executives worldwide who responded to our recent survey felt about how innovation and technical debt can be balanced.

Here's a sampling:
— 79% have clearly defined innovation goals and strategies
— 82% of organisations have a high level of concern about security risks associated with implementing innovative new technologies
— Technical debt consumes 31% of IT budgets

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By Kim Bozzella

In recent years, the metaverse has gained increasing attention and investment, yet, confusion about what the metaverse is and how it can be used for practical business applications still exists.

We see the metaverse as an immersive, collaborative virtual “world” that exists as physical and virtual objects converge. This is not a new concept: Key ideas behind the metaverse have been in computer science for over 60 years, which has led some business leaders . . . to remain skeptical about the horizon of realising its promise.

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By Justin Logue

Imagine a murder scene: a broken window, muddy footprints, a knife and a body. Now imagine a computer incident: Hundreds of encrypted files. A ransom text file. A remote connection from an external Internet Protocol (IP) address.

How does someone investigating such a security breach wind back the clock and peer into the past? What stories can voiceless clues tell? How can we separate evidence from background noise? What should an IT team do, or not do, to assist an investigation?

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