intelligent

Additional key findings from the report include :

• Security ( 72 %) and data privacy ( 65 %) are the most critical priorities in the app development process

• Nearly all ( 91 %) tech leaders believe retaining data within custom-built , internal applications is crucial

• Only 36 % of tech leaders run all of their applications on-premises or on private clouds

Shiva Nathan , Founder and CEO of Onymos , said : " Today , SaaS is integrated into every aspect of application and software development , serving as a tool to accelerate overall development processes and as an essential component or plug-in for specific solutions or products . While it can help drive innovation and efficiency , it also presents risks . For instance , when companies purchase a SaaS solution to expedite the creation of an application , they must provide data access to the third-party SaaS provider in exchange . By granting this access , enterprises face risks such as cyberattacks and accidental data leakage .

“ As we increasingly rely on SaaS to develop our business-critical applications and software , we must reconsider how we approach SaaS data privacy and security . It is no longer acceptable to require companies to hand over their data in exchange for key functionality or faster time-to-market ."

" Onymos ' research highlights the growing security concerns surrounding SaaS applications . By identifying the critical need to retain data within internal applications , they ' ve uncovered a significant gap in the market ," said Jon Brown , Sr . Analyst , Enterprise Strategy Group . �