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How Startups are Reducing Overheads with Security Technology

April 27, 2023

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For startups and small businesses, there has traditionally always been a trade-off between increased security and higher costs. However, ensuring the safety of your operations has become more affordable thanks to technological advancements.

In this article, we will discuss how technology is helping startups reduce overheads while increasing the effectiveness of their security strategy.

Reducing the need for extensive manual intervention by automating security processes

By automating security processes, startups can streamline and simplify complex tasks.

Automation has a positive effect on overheads as it reduces the need for extensive manual intervention. By automating tasks such as monitoring, detection, and incident response, startups can free up human resources for more strategic activities.

Automation also ensures that all physical security policies and protocols are followed accurately and consistently. This way, startups can reduce the risk of human error and thus contain the risk of breaches and other security incidents.

Limiting the number of people needed to supervise access points with modern access control measures

The importance of access control solutions is to make sure only authorized personnel can access the premises or specific areas. Until recently, security personnel was essential to protect areas that needed increased protection.

By implementing modern entry technologies, such as elevator access control systems, startups can limit the number of people that are necessary to supervise access points and cut costs as a result.

For example, startups can protect sensitive areas by implementing access control systems that use biometric technology, such as facial recognition or fingerprint scanning. Users need to provide their unique biometric data if they want to gain entry into the area. Installing these solutions eliminates the need for guards that manually check credentials. Moreover, these solutions can be programmed in a flexible way, allowing certain users to access them only at certain times or for special occasions.

Reducing the need for on-site support staff through remote monitoring

Another way in which technology can reduce the need for on-site security staff is by giving startups the option to monitor the premises remotely. With the use of cloud video security, those with the right credentials can access live video security footage from any place in the world with an available internet connection.

This allows startups to cut the cost associated with on-site security. Remote monitoring is particularly beneficial for those startups that need 24/7 supervision of the premises and for those businesses that have multiple offices.

Another way storing data in the cloud reduces costs is by eliminating the need for expensive hardware (e.g., NVRs or DVRs). Moreover, cloud storage gives startups more flexibility as it can be readily scaled up or down depending on current needs.

Boosting prevention with artificial intelligence and machine learning

The spread of artificial intelligence and machine learning is revolutionizing the field of physical security.

For example, AI-powered video security solutions can analyze large volumes of data in order to identify irregular patterns that may indicate suspicious activity. If an unrecognized individual is loitering on the premises, these systems can recognize this event and suspicious and alert security personnel. Quick response reduces the chance of undesirable events and related costs.

By leveraging technologies like video analytics, body-worn cameras, and sensor fusion AI, startups can set up autonomous and intelligent security systems that help prevent accidents before they occur, with an obvious positive impact on the organization's bottom line.

Reducing data breaches and related costs with advanced cybersecurity measures

According to recent stats, 46% of cybersecurity breaches affect organizations with less than 1,000 individuals, including startups. The cost of data breaches and other cyber attacks can result in significant financial damages for businesses.

Advancements in cybersecurity can allow startups to contain costs by strongly reducing the risk of becoming victims of cyber attacks.

In addition to basic cybersecurity measures like strong passwords, anti-viruses, and firewalls, startups should consider implementing encryption solutions. These work by encoding the data with a complex algorithm that authorized users can only access. This cybersecurity solution can be particularly effective when it comes to protecting sensitive financial data that cybercriminals may otherwise steal, with significant damage to the company.

Reducing insurance premiums by implementing advanced security technologies

By greatly reducing the risk of crimes, damages, and data breaches, the implementation of advanced physical and cybersecurity technologies can help startups reduce insurance premiums.

Insurance premiums can be an important burden for startups, and by implementing the right security solutions, companies can significantly reduce the associated costs.

Reducing employee training costs

By implementing the most modern security technologies, organizations can ensure their employees can access the most up-to-date and secure systems and networks. This eliminates the need for extensive training on outdated or obsolete systems, which can be costly and time-consuming.

To Sum It Up

By leveraging security technologies like cloud storage, AI-powered video analytics, and advanced cybersecurity solutions, startups can benefit from significant cost savings.

See:  Security advice for emerging tech companies and investors

Cloud storage eliminates the need for expensive hardware, AI-powered video analytics reduce the risk of security incidents, and advanced cybersecurity measures help protect organizations from data breaches. Finally, leveraging security technologies can help lower insurance premiums and employee training costs.

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