Most CFO’s are not directly involved in IT or security in IT, except possibly when reacting to an incident like a security breach. However, PERRY HUTTON of Fortinet believes that CFOs need to become more hands on when setting out IT budgets and motivating them.
Recessions may eat into enterprise budgets as a whole, but information security stands alone in enjoying increased budget allocation, thanks to CFOs who see the returns inherent in mitigating risk, says security specialist Fortinet.
Perry Hutton, Regional Vice President – Africa at Fortinet, says CFOs in South Africa’s largest enterprises typically don’t get involved in IT spend, beyond approving the CIO’s budget. “We don’t usually meet with CFOs, particularly in the large enterprises. Our top 120 to 140 enterprise customers are well structured, with very knowledgeable CIOs or CISOs in place who manage the information security spend, supporting their budgets with clearly laid-out business benefits and returns. Their CFOs are typically tech-savvy and – more importantly – aware of the potential costs of security breaches, and support spend on IT security. However, they seldom get directly involved. Possibly the only time large enterprise CFOs would get directly involved in information security budgets is when they are being reactive to an incident.”
In the mid-market sector, which may not have specialised CISOs in place, CFOs are more likely to become involved in the information security budget discussion, says Hutton. “Fortunately for us, security tends to be treated separately from infrastructure and other components of IT. Even when organisations are cutting their budgets, you don’t find too many cutting their IT security budget. If anything, finance is allocating a larger percentage of the IT budget to security, because the world is becoming more dangerous and they have to throw more cash at mitigating risk,” he says. “Of course, the money has to come from somewhere, so invariably it comes from somewhere else in IT like stretching storage. For us, it’s a good position to be in. Back when the global recession struck in 2008, we didn’t suffer as badly as other players in the IT space, because the threat landscape didn’t go into recession, and long may this situation last.”
Because Fortinet plays in a space where the benefits to business are well understood, it seldom has to assist CIOs in motivating for budget, Hutton says. However, in cases where the CIO or IT manager must motivate for budget from the CFO, Fortinet is able to supply extensive threat reports, in depth research and risk analysis to highlight the benefits to business of making the investment. “We’ve also just launched our Cyber Threat Assessment Program (CTAP) in South Africa, in which we will perform a real time threat assessment for prospective customers; with analysis by our FortiGuard Labs. After our recent launch in East Africa, we had requests for a few assessments in the region.” The requests typically came from CISOs and CIOs, but Hutton expects the CTAP results to help IT build its case for budget with the CFO.
“There are typically two schools of CFO – the old school CFO, who is usually in place in larger enterprises where the IT budget is managed by an experienced CIO and CISO. Then you find the New School CFOs, typically younger, who are typically in the small to mid-sized enterprises. These CFOs are well educated and well versed in technology and the need for IT security. We might spend some time with them, explaining the changing threats and pointing out how IoT has exploded and perimeters have become infinite, increasing their risk profile. The CFO of today is usually well aware of the benefits of IT security, they understand that there is growing risk and they have to invest in mitigating it.”
Huawei Mate 20 unveils ‘higher intelligence’
The new Mate 20 series, launching in South Africa today, includes a 7.2″ handset, and promises improved AI.
Huawei Consumer Business Group today launches the Huawei Mate 20 Series in South Africa.
The phones are powered by Huawei’s densest and highest performing system on chip (SoC) to date, the Kirin 980. Manufactured with the 7nm process, incorporating the Cortex-A76-based CPU and Mali-G76 GPU, the SoC offers improved performance and, according to Huawei, “an unprecedented smooth user experience”.
The new 40W Huawei SuperCharge, 15W Huawei Wireless Quick Charge, and large batteries work in tandem to provide users with improved battery life. A Matrix Camera System includes a Leica Ultra Wide Angle Lens that lets users see both wider and closer, with a new macro distance capability. The camera system adopts a Four-Point Design that gives the device a distinct visual identity.
The Mate 20 Series is available in 6.53-inch, 6.39-inch and 7.2-inch sizes, across four devices: Huawei Mate 20, Mate 20 Pro, Mate 20 X and Porsche Design Huawei Mate 20 RS. They ship with the customisable Android P-based EMUI 9 operating system.
“Smartphones are an important entrance to the digital world,” said Richard Yu, CEO of Huawei Consumer BG, at the global launch in London last week. “The Huawei Mate 20 Series is designed to be the best ‘mate’ of consumers, accompanying and empowering them to enjoy a richer, more fulfilled life with their higher intelligence, unparalleled battery lives and powerful camera performance.”
The SoC fits 6.9 billion transistors within a die the size of a fingernail. Compared to Kirin 970, the latest chipset is equipped with a CPU that is claimed to be 75 percent more powerful, a GPU that is 46 percent more powerful and an NPU (neural processing unit) that is 226 percent more powerful. The efficiency of the components has also been elevated: the CPU is claimed to be 58 percent more efficient, the GPU 178 percent more efficient, and the NPU 182 percent more efficient. The Kirin 980 is the world’s first commercial SoC to use the Cortex-A76-based cores.
Huawei has designed a three-tier architecture that consists of two ultra-large cores, two large cores and four small cores. This allows the CPU to allocate the optimal amount of resources to heavy, medium and light tasks for greater efficiency, improving the performance of the SoC while enhancing battery life. The Kirin 980 is also the industry’s first SoC to be equipped with Dual-NPU, giving it higher On-Device AI processing capability to support AI applications.
Read more about the Mate 20 Pro’s connectivity, battery and camera on the next page.
How Quantum computing will change … everything?
Research labs, government agencies (NASA) and tech giants like Microsoft, IBM and Google are all focused on developing quantum theories first put forward in the 1970s. What’s more, a growing start-up quantum computing ecosystem is attracting hundreds of millions of investor dollars. Given this scenario, Forrester believes it is time for IT leaders to pay attention.
“We expect CIOs in life sciences, energy, defence, and manufacturing to see a deluge of hype from vendors and the media in the coming months,” says Forrester’s Brian Hopkins, VP, principal analyst serving CIOs and lead author of a report: A First Look at Quantum Computing. “Financial services, supply-chain, and healthcare firms will feel some of this as well. We see a market emerging, media interest on the rise, and client interest trickling in. It’s time for CIOs to take notice.”
The Forrester report gives some practical applications for quantum computing which helps contextualise its potential:
- Security could massively benefit from quantum computing. Factoring very large integers could break RSA-encrypted data, but could also be used to protect systems against malicious attempts.
- Supply chain managers could use quantum computing to gather and act on price information using minute-by-minute fluctuations in supply and demand
- Robotics engineers could determine the best parameters to use in deep-learning models that recognise and react to objects in computer vision
- Quantum computing could be used to discover revolutionary new molecules making use of the petabytes of data that studies are now producing. This would significantly benefit many organisations in the material and life sciences verticals – particularly those trying to create more cost-effective electric car batteries which still depend on expensive and rare materials.
Continue reading to find out how Quantum computing differs.