Technological obsolescence and the risk posed to firms has been the most consistent area of concern since our research began. But being aware does not equate to being prepared. Resilience is dropping. More than a fifth (21%) of all businesses now feel they cannot maintain the pace for the next 12 months and nearly a third (32%) plan to reconfigure their business models.

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Many data-rich but cash-weak companies lack modern digital infrastructure – creating the perfect recipe for cyber and tech obsolescence vulnerability.
Katherine Heaton

Katherine Heaton
Focus Group Leader Cyber Services and InfoSec Claims, Beazley

US and Canadian businesses flagging in tech marathon