Keeping Up With the Pace of Technology Presents Biggest Business Challenge in 2019, According to Capital One Survey
A Capital One survey conducted at Honeywell Connect 2018 found that one third of security professionals believe that keeping up with the pace of technology presents the biggest business challenge in 2019. As technology innovation continues to re-shape the security industry, professionals also showed a growing interest in acquisition facilities with 45 percent of respondents selecting them as the type of financing that will be the most important to their organization in the next 12 months.
“Technology is continuing to have a transformative impact on the security industry,” said John Robuck, Capital One’s managing director of security finance. “As the pace of change continues to increase, we are seeing many security businesses turning to acquisitions to drive additional scale or supplement existing capabilities, while others are looking to sell if they feel that they may not be able to effectively keep up.”