It’s 2020 and if enterprises still aren’t convinced about the benefits of a Bring Your Own Device policy in their workplace, it’s time to look at some numbers.
The BYOD market is estimated to be worth almost USD 367 Billion in 2022, a significant rise from just USD 30 Billion in 2014. That’s a CAGR of over 15%! This surge in the market is because of the many benefits BYOD brings for employees as well as employers — a survey by Frost & Sullivan found that using portable devices for work saves employees 58 minutes per day and increased productivity by 34%.
To make BYOD a winning business strategy, enterprises need to ensure they plan the implementation in a methodical manner. While equipping employees with the freedom to use their personal devices for work purposes can give a big push to productivity, enterprises must also have a proper strategy to deal with the cybersecurity ramifications that come with this decision. Personal devices may not be equipped with the same standards or levels of enterprise security that an organization has painstakingly invested in. There are dangers of enterprise data being leaked or even corrupted due to malware in personal devices. Hence, enterprises need to invest in a robust BYOD solution.
Here are a few key pointers to consider when creating a BYOD strategy for the enterprise:
First and foremost – create the policy
Organizations often fall into a dangerous trap of first deploying a particular technology or solution and then scrambling to put in place a policy to deal with it. That is a big disaster when it comes to deploying BYOD in enterprises. It’s important to create a strong, yet simple BYOD policy in the organization with inputs from all stakeholders, from IT to admin teams. This policy must be circulated at all levels of the organization so that every employee is aware of what they are allowed to do – and, perhaps more importantly, what they are not.
Define your population
While it is true that BYOD is extremely popular, organizations must also ensure they take pragmatic steps around implementing it within their own workforces. A key step in this regard is to be methodical about defining who needs access to company applications and data on systems outside the enterprise. While it may seem simple, it may be a mistake to embrace BYOD across the organization – it is important to justify each level of access and treat it as a privilege rather than as a right.
Put in place the correct access controls
Once the population is defined, the next step is to agree on what needs to be accessed. Every employee does not need access to everything, so it’s important to create a BYOD strategy that takes this into account. Employees may be allowed to access work email on their personal devices; however, confidential details about an organization’s upcoming product launch should not be made easily accessible on personal devices.
A good BYOD strategy ensures that there is sandboxing between personal and enterprise data on personal devices. However which capability should enterprises implement to ensure that corporate data is encrypted and does not interfere with personal data?
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BYOD is definitely the winning business strategy of this decade. However, to fully embrace the benefits of it, enterprises must be comprehensive and prepared about how they want to implement it in their own organizations.