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Budgeting challenges troubling physical security customers in 2023

Budgeting challenges troubling physical security customers in 2023
Several budgeting challenges plague physical security departments, but the most significant among them is predicting and justifying the costs.
For physical security customers, the outlook for 2023 is not great. Reports from financial analysts, institutions like the world bank, and even individual company earnings forecasts worldwide point to a year of slow growth that mandates stringent cost-cutting. How would you ensure physical security, which many companies consider an expense, get the funds necessary to do their job?
 
“When budgeting for security, customers may struggle with buy-in from upper management because they may not understand the purpose of the approach or the value of the investment,” explains AJ Frazer, Chief Revenue Officer of Irisity. “It’s important to map out the long-term value of any investments or changes ...
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