In the last five years, cyber-attacks have increased by 67%. On average, the cost of such attacks is up to $13 million per company per year, an increase of 72% over the last five years. The financial services industry is the hardest hit, with annual costs of $18.4 million. Because the impact of cyber-attacks is so severe, organizations are being forced to rethink their cybersecurity strategies. Cyber criminals are taking advantage of the ever-growing list of touch points, new technologies and ill-informed employees to grab millions of dollars and countless amounts of private information.

‘Rethink IT’ examines the future of software development. On the one hand, analysts say that the global demand for software will reach 500 million applications in the next 5 years. That is precisely the number of programs that have been developed in the last 40 years. And this is in the face of a decline in qualified IT specialists. The answer seems to be found in companies that are increasingly relying on the use of low-code engines and organizing their teams according to "citizen development" principles.

Our researchers are currently working on a study on this topic and will present the interim results of this work to an exclusive circle of IT managers in September to develop strategies for companies.