How to budget for physical security in a turbulent 2023

One of the biggest challenges in ensuring effective security is obtaining the necessary funds. For many companies, physical security continues to remain an expense, despite modern AI-enabled video analytics solutions adding value to business operations. For security officers, convincing their company heads of further investment is often a difficult task.

The situation becomes more complicated in the current global economic landscape, which expects slowdowns and recessions to hurt businesses in the short term. In late 2022, the World Bank stated that it expects global growth to slow significantly in 2023 as more countries fall into recession. Other