Weekly Rewind: Top 10 Stories On CXOToday (Aug 28-Sep 1)
The week that passed saw some interesting trends and updates that would interest enterprise decision makers. Topics such as Artificial Intelligence, Internet of Things, Big data, cyber security and Digital Transformation, continue to be the flavor of the week, as we have for you a host of articles on how these technologies are having a long term effect on various aspects of business.
This week we saw a number of appointments, the most notable one was Uber has finally selected Dara Khosrowshahi as its new CEO, who was earlier leading the online travel company Expedia. The selection was made after a contentious search process as the ride-hailing company seeks to move past a turbulent period.
Back home in India, Lendingkart Group announced the appointment of Mukesh Singh as its new CTO. Sterlite Tech has strengthened its leadership team with the appointment of Nischal Gupta as Chief Transformation Officer, Manish Sinha as Chief Marketing Officer and Sanjeev Bedekar as Chief Delivery & Technology Officer, Telecom Services.
This week, the IFA 2017, Europe’s largest technology trade show has opened in Berlin on Friday, Sept. 1. For the next five days top tech companies from around the globe are set to debut their latest gadgets and devices like smartphones, smart TVs, cameras and smart wearables, with a special focus on AI-led technologies.
We also bring to you our daily dose of news and analyses, interviews, case studies, infographics and expert columns like every week. So, if you have missed out any of our updates, do not worry. You would find everything that you wanted to read on CXOtoday Weekly Top 10.
Read on to know more…
At a time when cyber-attacks are growing worldwide, and high-profile cybercrime such as data theft, ransomware and computer hacks have become the order of the day, experts believe that cloud computing may provide the security against cyber threats that companies need. They reason that Cloud helps security operations respond quicker to threats and focus on business risk as opposed to aging on-premises systems. It also saves a substantial cost for organizations in the long run.
In the past decade, many companies saw IT evolve from a cost center to a source of real differentiation, driving customer satisfaction and willingness to pay. A similar change could lie ahead for IoT security, believe McKinsey researchers. Although there is no single winning approach for tackling cybersecurity in the IoT, the researchers offer some recommendations that can guide senior executives to attain cyber security in the IoT era.
Successful digitalization depends on people, with the most innovative and forward-looking companies committed to investing in their workforce to ensure they are properly equipped to meet the challenges of tomorrow. This is according to a recent study by the SAP and Oxford Economics that stated improving the digital skills of the workforce is also pivotal for organizations to grow their revenue.
Rising awareness amongst CEOs and boards of directors about the business impact of security incidents, and an evolving regulatory landscape, have led to continued end user spending for security products and services. At the latest Gartner Security & Risk Management Summits 2017 in Mumbai, researchers said that spending on information security products and services in India will reach $1.5 billion in 2017 in constant currency terms, an increase of 12 percent over 2016, with spending expected to grow to $1.7 billion over the next one year.
A blockchain is a whole new approach to financial accounting as well as data organization. It is already making waves across the world. Many companies and organization are planning and exploring the technology in order to find out how to adopt as well as adapt this technology to their advantage. This could easily be the most transformative of all digital financial technology till date. It has the potential to radically change digital financial operations and bring about novel and sustainable opportunities.
Uber has finally selected Dara Khosrowshahi as its new CEO, who was earlier leading the online travel company Expedia. The selection was made after a contentious search process as the ride-hailing company seeks to move past a turbulent period. Choosing Khosrowshahi is crucial to returning stability to Uber, the world’s biggest ride-hailing company, which has been without a leader since its co-founder, Travis Kalanick, stepped down from the CEO job under pressure on June 20.
Solutions Infini, a Bengaluru-based enterprise communication and cloud telephony services startup, is helping businesses across industries, to simplify their communication needs. In an exclusive conversation with CXOToday, Ashish Agarwal, CTO Solutions Infini, discusses some of the key trends in the IT industry, especially in the area of cloud telephony, the changing role of CTO and what keeps him motivated.
IFA 2017, Europe’s largest technology trade show has opened in Berlin on Friday, Sept. 1. For the next five days top tech companies from around the globe is set debut their latest gadgets and devices like smartphones, smart TVs, cameras and smart wearables. As these devices make greater use of artificial intelligence (AI), the Consumer Electronics Trade Fair will witness more AI-Based technologies.
Decision makers are prioritizing big data and analytics expertise in their hiring decisions, stating that having these skills is critical for any candidate to be considered an IoT expert. According to a recent study by Canonical, while three-fourths of senior executives are considering big data and analytics expertise in their hiring purpose, additional skill sets in demand today include embedded software development, embedded electronics, expertise in IT security and an understanding of Artificial Intelligence.
Today, almost every bank in the market offers some form of a mobile offering. Mobile also is disrupting the financial services industry like never before. It is triggering the rise of atypical competition in the form of non-financial organizations entering the market. It is asking questions of the incumbent players and forcing them to rethink and reevaluate their long term market strategy. It would not be outlandish to speculate that the future leaders in this market might not even be banks but some new hybrid intermediary. The possibility even, makes the banking sector one of the most exciting and disruptive in the business world.
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