Browse Definitions :

Getty Images

The Bigger Truth: Cybersecurity splurge and who needs 5G?

Commentary on the venture capital cybersecurity splurge, Ericsson's Vonage acquisition and the ESG 2022 Technology Spending Intentions Survey. Steve also asks: Who needs 5G, anyway?

Enterprise Strategy Group founder and senior analyst Steve Duplessie has some thoughts on the recent venture capital cybersecurity splurge, Ericsson's questionable Vonage acquisition, the Quest Software sale and the ESG 2022 Technology Spending Intentions Survey. He also ponders the question: Who really needs 5G?

First, investors are going crazy for cybersecurity. VC firms are pumping billions of dollars into companies such as Lacework, Wiz and Orca Security. These are big bets, and not all will pay off.

"It's easy to bet billions when you are chasing trillions," Duplessie said.

Next, Duplessie sounds off on Ericsson's planned $6 billion acquisition of Vonage, including Vonage's troubled history. This is in the context of Ericsson's 5G enterprise push, which leads Duplessie to wonder, where is the value in 5G?

"I haven't seen deadly value out of 5G yet," Duplessie said. "And until the world does, it's really been nothing other than some clever cell phone company commercials or ads."

Duplessie also shares insights from the ESG 2022 Technology Spending Intentions Survey findings, including enterprise digital transformation as a driving force for the enterprise technology spending rebound.

As Duplessie explains:

"If you aren't already digitized, you're losing money, period. Companies are pushing transformation to all corners of the business now, because unless it's pure manual labor -- and even then there are ways to digitize -- it has to become digital in order for businesses to move faster, smarter and more effectively."

Finally, Duplessie breaks down Max Scherzer's new $130 million contract with the New York Mets, concluding that Scherzer is likely due more than $13,000 per pitch, given his pitch count average.

"That's not bad, Max, not bad," Duplessie said.

Enterprise Strategy Group is a division of TechTarget.

Next Steps

The Bigger Truth: Federal age gap and bank continuity failures

Dig Deeper on Security

Networking
  • firewall as a service (FWaaS)

    Firewall as a service (FWaaS), also known as a cloud firewall, is a service that provides cloud-based network traffic analysis ...

  • private 5G

    Private 5G is a wireless network technology that delivers 5G cellular connectivity for private network use cases.

  • NFVi (network functions virtualization infrastructure)

    NFVi (network functions virtualization infrastructure) encompasses all of the networking hardware and software needed to support ...

Security
  • cybersecurity

    Cybersecurity is the practice of protecting internet-connected systems such as hardware, software and data from cyberthreats.

  • Advanced Encryption Standard (AES)

    The Advanced Encryption Standard (AES) is a symmetric block cipher chosen by the U.S. government to protect classified ...

  • operational risk

    Operational risk is the risk of losses caused by flawed or failed processes, policies, systems or events that disrupt business ...

CIO
  • Risk Management Framework (RMF)

    The Risk Management Framework (RMF) is a template and guideline used by companies to identify, eliminate and minimize risks.

  • robotic process automation (RPA)

    Robotic process automation (RPA) is a technology that mimics the way humans interact with software to perform high-volume, ...

  • spatial computing

    Spatial computing broadly characterizes the processes and tools used to capture, process and interact with three-dimensional (3D)...

HRSoftware
  • OKRs (Objectives and Key Results)

    OKRs (Objectives and Key Results) encourage companies to set, communicate and monitor organizational goals and results in an ...

  • cognitive diversity

    Cognitive diversity is the inclusion of people who have different styles of problem-solving and can offer unique perspectives ...

  • reference checking software

    Reference checking software is programming that automates the process of contacting and questioning the references of job ...

Customer Experience
  • martech (marketing technology)

    Martech (marketing technology) refers to the integration of software tools, platforms, and applications designed to streamline ...

  • transactional marketing

    Transactional marketing is a business strategy that focuses on single, point-of-sale transactions.

  • customer profiling

    Customer profiling is the detailed and systematic process of constructing a clear portrait of a company's ideal customer by ...

Close