Weekly Rewind: Top 10 Stories On CXO Today (Jan 29-Feb 2)
The Union Budget 2018 presented by Finance MinisterArun Jaitley in the Parliament had focused on digitization, driving towards developing infrastructure and bringing rural India to the forefront. However, there are a lot of issues that need to be explored. Hence, for the IT, telecom and other sectors, there have been disappointment in pockets, yet they hope for the best.
This week, we focus on stories on Artificial Intelligence, Internet of Things, cyber security and robotics, and how these technologies are having a long term effect on various aspects of business. We have for you a special article on the end of an era for Xerox and how Xerox now joins once formidable tech companies like Kodak and BlackBerry that lost the innovation footrace. Besides, you can read columns and blogs on our sites on various facets of leadership.
We also bring to you our daily dose of news and analyses, interviews, case studies and infographics like every week. So, if you have missed out any of our updates, do not worry. Here are some of the top stories of the week on CXOToday you would not want to miss.
After listening to the Indian Finance Minister’s Budget speech yesterday, I dutifully have scoured a huge amount of reportage on the matter, and looked at the statement of the industry captains who issue the by-now-regular press releases with their thoughts. What strikes me is the almost-by-rote repetition of a few words – Focus on Farmers, MSMEs and creation of jobs. And here’s why I stood there, rather confused.
Union Budget 2018 that was expected to cater mostly to the needs of farmers and the rural population ahead of 2019 elections, also proposed a slew of technology measures to boost India to a digital economy, including the use of blockchain technology to encourage digital payments and curb the use of cryptocurrency, setting up of a national program to encourage artificial intelligence [AI] and providing easy internet access to villages
With all the disruptions and distortions in the telecom sector, it was obvious that the sector players were waiting with bated breath for the budget to provide them some respite. Finance Minister Arun Jaitley’s budget 2018-19, however, unfolded utter disappointment for them. What is it that the telecom players are looking from their government that left them rather distressed? Let’s find out more.
There were obvious reasons for the renewable energy sector in India to cheer on the Budget 2018, as eliminating import duty on components which constitute solar panels and other equipment is a welcome step. However, to the green industry’s disappointment, no specific subsidies, incentives, or grants have been made public for Ministry of New and Renewable Energy (MNRE). And that’s something to ponder.
In the late 70s and 80s, when I was growing up and started working, this was the poster boy for all that was hi-tech, innovation, corporate norms and a great place to work. Xerox, a brand name, which became a multi-billion dollar business with its copying technology, which was one of the iconic brand names of 20th century, quietly passed into oblivion on Wednesday night.
The biggest worry on executives’ minds around the world isn’t recession, global competition, or labor relations. It’s not even cyber-security. A new data shows that what is keeping C-level executives up at night is their people strategies, as many business leaders site the failure to attract and retain top talent as their biggest challenges in the coming years by a wide margin.
The massive amount of data generated by a company’s supply chain and logistics function can be fruitfully used to generate meaningful insights and give strategic direction to the company. Experts believe, Big data can significantly improve productivity and efficiency in supply chains and provide an edge over the competitors. Additionally, big data can also help companies identify new business opportunities.
Rapid technological advancements are altering the world we live in today, creating anxieties and fear among business leaders on the possibilities of its implementation. Whether it’s artificial intelligence, computer vision or blockchain, emerging technologies are uprooting the digital and physical experiences of our everyday lives. These joint forces are simultaneously creating optimism and concern about the unprecedented wave of change that is unfolding. Read to know the key trends shaping the enterprise decision makers.
Most executives in India want their technology investments to achieve too much, too soon - which results in losing sight of why their companies undertook the complex journey of disruption, in the first place. Technology is viewed as a tactical short intermission, rather than the long-term value generator, that it is. This attitude exists because a lot of leaders are still using the irrelevant learnings and teachings passed down from the industrial economy.
With the number of connected devices now likely exceeding the human population of Earth, the IoT is already nearly inescapable. Millions of connected devices have already been compromised to be used a part of the Mirai botnet. Many consumers aren’t aware of inherent risks of their connected devices and that manufacturers often rush products to market without considering basic security requirements and settings, according to a report.
- Weekly Rewind: Top 10 Stories On CXOToday (Feb 19-24)
- Why Most Connected Car Owners Won't Buy Self-Driving Car
- AI Raises Serious Security Concerns, Say Researchers
- Business Intelligence In Insurance Industry: What Are The Possibilities?
- Nasscom Predicts Muted Growth For IT In 2018-19
- Study Reveals Why CISO Should Report To The CEO
- How Is AI Transforming the Digital Payments Landscape
- Technical Challenges For Implementation Of GST
- India Ranks 7th On Web Application Attacks: Akamai
- India's Top 10 Innovative Companies For 2018