Weekly Rewind: Top 10 Stories On CXO Today (Nov 6-11)
In the tech world, a lot happens in a week. So much news goes on that it’s almost impossible to keep track of everything. In fact, this week saw some exciting updates that will interest decision makers in business, analysts and tech enthusiasts from across the world which we bring before you.
Stories on Artificial Intelligence, automation, cloud computing, cyber security and robotics, 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.
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. Here are some of the top stories of the week on CXOToday you would not want to miss.
Unemployability of techies and massive job loss owing to automation and other global policy changes have made a section of employees realize the need for collective action. The Karnataka government that exempted IT companies from labour laws for another five years till 2018, this week, finally gave its nod for the formation of Karnataka State IT Employees Union (KITU), the State’s first IT union. Many believe, this move may slow down hiring but could force the industry to look at alternatives to layoffs.
The IT infrastructure landscape is evolving rapidly. While some may imagine infrastructure is only about stacks of hardware locked away in data centers, it comprises disruption and innovation in every area, from servers and storage to networking and software. In a recent report by McKinsey, researchers identified ten trends that are already having a major impact on IT infrastructure and will bring even more disruption over the coming years.
India’s media industry is consolidating. A slowdown in the Indian economy, along with a dip in advertising revenues as well as digital disruption, are making the situation challenging. In such a situation, media companies must leverage digital technologies such as enterprise software or smartphones to streamline business and increase the efficiency of operations.
At a time when CEOs and executive boards are calling for a rapid transformation to digital business models, research reports uncovered an alarming gap between the expectations of management and the readiness of IT organizations. The effective use of digital is possible with a combination of digital seed technologies, visibility into systems and process, and real-time data insight.
A year ago, Prime Minister Narendra Modi came up with a sudden decision to wipe off Rs 500 and Rs 1,000 notes, a move touted as demonetization, which brought the nation to a standstill. With the passage of time, the Central government pushed for digital payments, compelling people to use various digital modes of payments. While experts have observed that the market for digital payments has become much more acceptable, there have been a number of challenges that needs attention.
With more and more new devices getting introduced to the network, CIOs and network managers are struggling to secure the entire IT continuum, from network periphery to the data that traverses on the network to mobile devices and sensors connected through the Internet of Things. In such a scenario, companies need to develop security strategies that protect the perimeter making networks more agile and efficient. Bruce Davie, VP & CTO, VMware APJ, explains the future of networking, with reference to VMware’s latest initiatives to protect this space.
In recent years, the concept of using an outsourced Chief Investment Officer (OCIO) has gained momentum. Businesses considering such a move can access the expertise and scale needed to get the most out of their investments. Bengaluru based Catalystor claims it helps their organization exploit its true potential as an extended arm of the IT team. Shoaib Ahmed, founder and Chief Catalystor of the Catalystor explains the role of an outsourced CIO and the value addition they provide
This year bears testimony to some of the most gruesome cyber assaults including, WannaCry, Petya/Not Petya which has brought to light how strong are the threat actor’s global command and control infrastructure. As digitization flourishes, cyber espionage and attacks will continue to increase and the call of the hour is prevention. Cyber-security company WinMagic sees these new era threats as ever pervading and believes encryption is an elixir.
There is no denying the fact that cloud computing has transformed the way one obtains services, bringing a transparent yet flexible medium that connects the world. Majority of all operations take place in cloud at the behest of a decent web connection, making it a profitable place for business to thrive. It is augmenting the various functions of otherwise stagnant operations to maximise on efficiency- a goal that every business aims to achieve. Ram Punamaraju, CEO, Yitsol Technologies lists out a few reasons why businesses should migrate to cloud.
Technology investments in the banking sector will revolve around ‘topical’ areas such as information security, advanced analytics and open banking APIs, as opposed to ‘future-looking’ areas such as conversational AI, robotic process automation, the Internet of Things, augmented reality or virtual reality. The study also noted that the top three innovation challenges include systems integration, legacy technology, and the time and cost required to move from concept to reality.
In light of recent advanced attacks and epidemic outbreaks like WannaCry and ExPetr, organizations should now be asking themselves ‘what happens when I get hit? ‘Instead, businesses are finding it hard to even identify when a security breach has happened, according to a study done by Kaspersky Lab that highlights the importance of detection and response and how immediate detection reduces the average cost of recovery more than twice.
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- PNB Scam: Some Tech Lessons For Indian Banks
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