Thursday, December 8

New Study Reveals Las Vegas Lags Behind Rest of Nation in Technology and Cybersecurity; Las Vegas-Based Redpanda Systems Releases Results of Business Technology Survey Study

Las Vegas-based information technology (IT) company, RedPanda Systems, released a research report examining current trends, attitudes, and behaviors regarding the use of technology within businesses in So. Nevada

LAS VEGAS, Nev. (Nov. 7, 2022) Las Vegas-based information technology (IT) company, RedPanda Systems, is today releasing a research report examining current trends, attitudes, and behaviors regarding the use of technology within businesses, both in So. Nevada and nationally. The study analyzes current attitudes toward in-house technology capabilities, cybersecurity efforts, technology budget, and more. Click here to download the full study results.

Among the pertinent findings from the report, RedPanda learned that.

  • So. Nevada drastically lags behind the rest of the nation when it comes to cybersecurity investments. The majority of Las Vegas businesses said they invest only 40 percent of their annual IT budget to cybersecurity. In contrast, the majority of businesses nationally said they allocate more than 60 percent of their annual IT budget toward cybersecurity.
  • When it comes to being fully prepared for dealing with cyberattacks (such as phishing, malware, and social engineering), Las Vegas professionals overall said they feel significantly less confident than the rest of the nation.
  • Almost half of Las Vegas business professionals feel they “desperately” need an upgrade for their work computer and other technology. Nationally, only about 20 percent of business professionals felt the same about their technology, suggesting a major lack of technological infrastructure at So. Nevada businesses.

When summarized, the most pressing finding from this study is that Las Vegas business professionals do not view IT or technology with the same level of importance as the rest of the nation. When asked to allocate a hypothetical budget for their company, for instance, technology was given the lowest priority among other common budget allocations, and when asked which company department was most important for overall business growth, not a single Las Vegas business professional selected IT (both shockingly lower than the national business audience).

“Las Vegas is drastically technologically-unprepared by comparison to other markets with significant economic growth like ours,” said David Shultis, CISSP/MBA, co-owner of RedPanda Systems. “As So. Nevada continues to become a hotspot for new businesses and residents, our corporate technology must keep up with, or exceed, the pace of the rest of the nation, or else we will fall victim to the same cyberthreats the rest of the nation is already prepared for.”

RedPanda is releasing these findings in an effort to shed light on the importance of establishing stronger technological infrastructure among So. Nevada businesses. Some major perspective-points the company hopes to convey include:

  • Since 2019, So. Nevada’s population has grown by more than 8 percent to 3.1 million, and is expected to continue to grow to 4.5 million through 2060.
  • More than 7,500 new businesses have either opened or relocated to So. Nevada between 2011 and 2019, and that number is expected to continue rapidly increasing over the next decade (according to the Las Vegas Global Economic Alliance).
  • Cybercrime, overall, is up by more than 600 percent since the start of the COVID-19 Pandemic, and is only expected to increase over the coming years (according to ABC News).

In addition to publishing the 2022 study, RedPanda’s team regularly works with various Las Vegas organizations to discuss the importance of IT-preparedness. Shultis regularly speaks at local business groups about rising cyberthreats and methods to solve them, and spends time with clients and colleagues counseling them on the future needs of strong business technology. 

The 2022 Las Vegas and National Business Technology Survey Study by RedPanda Systems interviewed 132 business professionals in So. Nevada and across the nation. Respondents were top-level employees spanning a variety of industries, with more than 90 percent of the audience having say in the technology that is implemented in their company. 

Download and read the free full report for more insights here. 

About RedPanda Systems

Established in Las Vegas in 2015, RedPanda Systems is a technology partner for growing and established businesses throughout the southwest. Offering an array of IT services to keep companies running at maximum efficiency while protecting sensitive company data, these services include future technology planning, fractional CIO partnerships, cloud backup solutions, cybersecurity protection, equipment installation and one-on-one customer support. For more information or to schedule a free seminar/presentation on technological preparedness, visit RedPandaSystems.com or call 866-644-4005.



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