Weekly Rewind: Top 10 Stories On CXO Today (July 31-Aug 4)
The week saw some exciting updates by businesses, government and IT enthusiasts from across the world. Earlier this week, reports of the massive cyber-attack on HBO systems, revealed that a number of unreleased episodes from popular HBO shows like Ballers and Game of Thrones had reportedly surfaced online. The attack yet again sends a strong message to the enterprise world that no one is immune to sophisticated cyber-attacks.
Jobs in India’s IT industry are bouncing back, opening up new grounds where digitization and automation will create newer career choices for IT professionals. Meanwhile, US President Donald Trump’s new bill which proposes “merit” as the parameter for workers and the move towards the preference and support for English-speaking skilled workers for residency card ought to bring gains for Indian techies.
fintech startups face additional challenges of operating in a heavily regulated industry and have stiff competition as their key competitors are well established banking players. To overcome this challenge, many of them are adopting a “Regulatory Sandbox” based approach.
There were a number of important appointments this week in the tech sector. Dell Veteran Sameer Garde Joins Cisco As President. Sapnesh Lalla Takes Charge As The CEO Of NIIT. American Express India Appoints New Chief HRO. Like every week, this week too, we also have for you interesting interviews, case studies, infographics, and expert columns on various emerging technology and market trends and challenges in the enterprise space.
Here are some of the top stories of the week on CXOToday you would not want to miss.
Earlier this week, reports of the massive cyber-attack on HBO systems, revealed that a number of unreleased episodes from popular HBO shows like Ballers and Game of Thrones had reportedly surfaced online. The attack may have been bigger than previously thought and moreover sends a strong message to the enterprise world that no one is immune to sophisticated cyber-attacks and cyber security best practices and ways to protect data will continue to be the focus of discussion in the coming years.
Layoffs have made itself commonplace today in IT industry today, as a result of which gloomy clouds are hovering over the industry which once was a coveted destination and a job generator for many. However, since every dark cloud is rimmed silver, there are rooms in the industry which look promising - opening up new grounds where digitization and automation will create newer career choices for IT professionals.
Fintech startups in India are not only spearheading innovation, but are also prompting traditional banks and financial institutions to explore and invest in digital channels. However, fintech startups face additional challenges of operating in a heavily regulated industry and have stiff competition as their key competitors are well established banking players. To overcome this challenge, adopting a “Regulatory Sandbox” based approach where the regulator works closely with emerging Fintech firms make better sense.
A shift towards digitalization, particularly the increased adoption of cloud, mobile, social media and phenomenon such as big data and IoT, is changing the way organizations look at cyber security. In an exclusive interaction with CXOToday, Rana Gupta, Vice President, APAC Sales – Identity & Data Protection, Gemalto, explains the current cyber security trends and challenges in the Indian market and how India can move towards a cashless and a digital economy, with the help of the right security solutions.
With the government giving importance to the ‘Make in India’ initiative, the level of competition has increased for the SMEs. In order to survive the competition in the market, the SMEs are required to adopt new processes and technologies. As a result of this many are viewing adaptation as an opportunity to transform business operations and radically rethink go-to-market strategies. The truth is that the majority of business leaders believe that focusing on these six common factors will deliver their future business success.
Driven by expectations of customers and business users, enterprise mobility has infiltrated across organizations and it’s far reaching. Leveraging enterprise mobility, business users get 24×7 on-the-go secured accessibility to business-critical data, and customers are delighted at every touch point that ranges from keeping customers informed, to servicing them, to resolving their issues, to making them feel valued for associating with your brand. Thus, keeping aside the traditional brand differentiators such as cost-efficiency or uniqueness, customer experience dictates how a product or a service is devised and delivered through various customer touch-points.
Dan Sommer, Sr. Director Global Market Intelligence Lead at Qlik, in an exclusive interaction with CXOToday explains that the huge explosion and fragmentation of data are only going to multiply with time, thanks to the mobile, cloud and IoT revolution. These changing trends of data fragmentation creates an urgent need for data literacy, which is the ability to utilize analytics tools to read and understand data, which is fast becoming an important and sought-after business skill in today’s world.
Retailers and consumer goods companies could unlock $2.95 trillion in value for the industry and consumers over the next decade by accelerating digital transformation, according to a new Accenture Strategy’s report. Investments in new, digitally-driven business models will give consumers greater choice around how they purchase goods and services, and enable companies to deliver profitable, differentiated experiences. The eeport, based on analysis for the World Economic Forum, quantified the impact of digital transformation on consumer industries over the next decade.
The Indian IT industry has been inflicted with struggles for quite some time now. However, US President Donald Trump’s new bill which proposes “merit” as the parameter for workers and the move towards the preference and support for English-speaking skilled workers for residency card ought to bring gains for India. The legislation named Reforming American Immigration for Strong Employment (RAISE), would reduce the overall immigration numbers to limit low-skilled and unskilled labor entering the United States.
Many executives expect IT will play a growing role in driving business results, according to a new survey by McKinsey Global. For that to happen, CIOs must broaden their profiles and prove IT’s effectiveness in areas such as digital and innovation. They will also need to connect more closely with committed business partners who understand the long-term journey of transformation via technology and are willing to help navigate the organization through potential disruptions.
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- Trend Micro Secures Bandhan Bank From Advanced Threats
- IoT Is Becoming A Major Burden For CIOs: Study
- Companies Need To Develop A New Mindset On Data Protection
- How Big Data Benefits Only Big Firms
- Firms Still Unaware Of Risks On Data In The Cloud: Study
- How AI Is Changing The Cybersecurity Landscape
- Why Aligning IT With Business Goals Is The Key Mantra