Featured Article 24 Feb 2016

While the US and UK stand out as the primary locations that firms target, Ireland is placed alongside the likes of Israel, Canada, Australia and India in terms of suitability.

The cyber opportunity analysis found that Ireland has already proven itself to be an innovative technology hub, and this is another area in which it can become a global leader.

Regulation changes, the evolution of scams and growth in identity thefts are expected to dominate the area in the next few years, with particular locations around the world “preferred for establishing centres of excellence”.

All to play for

“The good news is that there appears to be no dominant jurisdiction for FDI, so it’s all to play for right now,” said Deloitte’s Colm McDonnell. “This analysis shows that Ireland has a real opportunity to be at the forefront of cybersecurity.”

Deloitte – which worked with the International Sustainability and Investment Centre on the report – argues that getting the talent stream going, focusing on third level education, is key.

Other things, like tailored incubation centres for start-ups, “access to capital” and overall marketing of the country as a prime location will also be important.

Access to the requisite talent pool, the cluster effect of related businesses, the ease of doing business and links to colleges were major factors for companies in locating a cyber business.

Weirdly, when asked to rate Ireland as a base for cybersecurity, respondents to the survey found skills both a positive and negative factor. Deloitte suggests this could mean there are talented people here to fill positions, but not enough.

What would be cool would be an area outside of Dublin becoming a cluster for this area – much like the west of Ireland in relation to medtech and pharma.

Gordon Hunt

Image of Dublin via Shutterstock

This article was originally published on www.siliconrepublic.com and can be found at:

https://www.siliconrepublic.com/companies/2016/02/24/cybersecurity-hub-ireland

Contact us

Contact IDA Ireland

You'll find us responsive to your needs, proactive, professional and willing to go the extra mile.

Contact IDA Ireland

International Offices

We have 28 Offices worldwide helping support companies expand their operations in Ireland.

Find your nearest office