Weekly Rewind: Top 10 Stories On CXOToday (Jan 30-Feb 03)
The week that went by saw some very crucial update in business and economy which has a big impact on the IT industry on the whole.
The Union Budget was the highlight of the week. With a strong focus on ‘Digitization’ Finance Minister Arun Jaitley’s budget for the year 2017-18 was hailed by many as growth-oriented and will make the economy more competitive and transparent if implemented effectively. We highlighted how the Budget evoked diverse reactions from IT analysts industry leaders and experts.
India’s software services industry is concerned about a bill seeking to double the salary paid to H-1B visa holders which would dramatically increase the costs for the Indian companies employing them. We bring to you an analysis on what impact the executive order curbing the H-1B program can have on Indian IT sector.
At the same time, in a potential boost to PM Narendra Modi’s “Make in India” initiative, tech giant Apple is nearing a deal with Taiwanese contract manufacturer Wistron to start making products in India’s Bengaluru city. Making goods such as the iPhone locally may help the iPhone maker to open its own stores in India, in turn building its brand in the country.
Again, like every week, we also have for you interesting news analysis, research reports, infographics, case studies, blogs and expert columns on various emerging technology trends and updates in the enterprise space.
Here are some of the top stories of the week on CXOToday you would not want to miss.
On Wednesday, FM Arun Jaitley announced a slew of measures in the Union budget 2017-18 targeting digital transformation. From online railway tickets at discounted rates and digital villages to new digital pension distribution system for senior citizens, the Union Budget 2017 has a lot to offer in terms of promoting the digital medium and encouraging digital transactions.
The Union Budget 2017 presented by Arun Jaitley in the Parliament on Wednesday had a strong focus on digitization, driving towards developing infrastructure and bringing rural India to the forefront. As the expectations of the IT industry were soaring high, here’s what some of India’s leading technology leaders said on the Budget announcement and how it would impact the tech industry on the whole.
The FM made a large number of announcements to push the digital economy of the country in his Budget 2017 speech. After Prime Minister Narendra Modi announced “demonetization” on November 8, it doesn’t come as surprise that the current Budget further aims to strengthen the country’s cashless economy. Here’s what analysts have to say on the Budget.
New-era technologies look set for a big haul in 2017, particularly with respect to the Internet of Things (IoT), as technology experiences high-trajectory growth in both reach and scope. IoT can play a pivotal role in enhancing the quality of life indices appreciablyIn fact, 2017 could be the year of digital transformation.
The Indian IT services may be hard hit by the Trump government’s recent executive order by administration officials aimed at overhauling, among other things, the H-1B work-visa program that technology companies depend on to hire a substantial workforce each year. This includes employees of Indian tech companies such as Infosys, TCS, Wipro, HCL etc. as well as those employed by American multinationals like Accenture and IBM.
Apple will soon have `Make in India’ iPhones that will be made in Bengaluru and the manufacturing of iPhones will commence in April this year. The government of Karnataka issued a press release “welcoming the move’ on Apple’s proposal to commence initial manufacturing operations in the state. Apple’s intentions to manufacture in Bengaluru will foster cutting edge technology eco system and supply chain development in the state, which are critical for India to compete globally
Cyber terrorists are now rapidly shifting their focus towards critical infrastructure and strategic industries to bring down the nations by causing deadly damage. Therefore, the security of critical infrastructure is the biggest challenge in front of enterprises across the world. Unfortunately, India, which is always on the radar of the cyber crime syndicates has miserably less awareness on this critical issue.
The worldwide cybersecurity skills shortage has reached epic proportions. According to a recent study by the ISC Foundation, the information security workforce will reach a 1.5 million-man shortfall by 2020. At the same time, changes in technology including virtualization and IoT are making networks more complex to manage, and attackers have more tools, targets and funding than ever before.
Technology is already revolutionizing lending in India and it can bring a true disruption in SME lending, which is ripe for improvements. by Shailesh Jacob, CEO, Loan Frame explains that companies in this domain should aid lenders harness these data points in a cost efficient manner, reducing the cost of credit appraisal, in effect reducing the cost of borrowing for our customers.
The rate of technological advancement has accelerated at an unprecedented pace. Accordingly, the development of skills through training is the strategic response to technological change, globalization and other forces affecting labor markets. In an exclusive interaction with CXOtoday, Sanjeev Duggal, CEO and MD, Centum Learning explains the importance of skills development in a digital economy.
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