Does a BYOD policy save money?
By Daniel Hunter
Samsung Electronics Co. Ltd, a global leader in digital media and convergence technologies, has found that organisations employing a Bring Your Own Device (BYOD) policy reported a 17% reduction on their annual communications bill - almost £6 million a year per enterprise.
In addition, nearly half (47%) of British organisations reported an increase in employee engagement as a result of BYOD, translating into enhanced productivity for 46% of them.
However, the survey of 100 British companies, who employ 1,000 people or more, also found 97% have had a security breach in the last two years, or anticipated they would have if they allowed employees to bring their own device into the office. In spite of this widespread acknowledgement of BYOD-related security threats, only one in five (22%) of the British organisations surveyed have updated (14%) or plan to update (8%) their BYOD security policy.
Graham Long, Vice President, Enterprise Business Team at Samsung Electronics, said: "Our research makes clear that there are major benefits for organisations who allow employees to use their own mobile devices for work. As well as operating cost savings, businesses stand to improve employee engagement through embracing the opportunities of mobile working through smartphones, tablets and laptops, either through BYOD or ‘Choose Your Own Device’ policies.
“But our analysis also highlights the dangerous threat to corporate stability that BYOD poses. The potential to lose customer data and other confidential information through mobile devices shows how threatening BYOD could be for many organisations. It's crucial that businesses sure that enterprise mobility strategy has a highly secure infrastructure as its foundation, together with effective and clear user policy guidelines that are implemented consistently.”
According to the CIO of a global financial services company, “We estimate that the bank will save $2-3 million a year from moving... continued on page two >