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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.

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