After a tumultuous end of 2021 with the effects of the Omicron COVID-19 variant, the beginning of 2022 welcomed us with the re-opening of life, having people back at work, the end of mandatory masks and a sense of light at the end of the tunnel. Nonetheless, we are now facing new challenges that naturally come with the resolution of two years of lockdown and the temporary closure of the economy and society.
Today we must face the rising cost of living, with Eurozone inflation hitting 5% in December 2021 (the highest increase since the introduction of the Euro two decades ago) paired with a 26% rise in energy prices . In which businesses are no way exempt from. The security industry is one of those that has been challenged with difficulties to recruit and retain staff with staff shortages hitting the EU due to restricted movement . Furthermore, the rising costs of raw materials, and supply chain costs like fuel and electricity, to name a few that demand creative solutions .
HOW THE SECURITY INDUSTRY WILL FACE THE MUSIC
At the beginning of the pandemic, we commissioned a survey to key decision makers in the security industry around Europe to understand the impact of the coronavirus. We found that cloud-technologies have shined a light on the risks associated with technology legacy assets, and organisations started embracing cloud apps to work in a hybrid manner of which security systems are an integral part.
The way the security industry works is changing, rightly so, since we cannot keep doing the same things and expect different results. Therefore, by using cloud CCTV and Access Control, installers work smarter, not harder. These can be great allies in overcoming the challenges and threats faced by the financial instability of the post-COVID world, as the benefits translate to reduced costs and the resetting of business models.
Read the full report here