Weekly Rewind: Top 10 Stories On CXOToday (Jun 5-9)
The week comes with many updates for IT decision makers. Topics like Artificial intelligence, cybersecurity and the Internet of Things were undoutedly at the top of the agenda. Robotic Process Automation or software robots are helping employees improve their productivity and other aspects of life and work.
The debate on whether the IT industry needs a trade union, or if at all the topic needs a mention, continued this week as well. Another article focused on how top bosses of Indian IT have to fight on many fronts, including rumors that the companies believe are baseless. The question however is, should Indian IT majors rethink survival options or continue to live in a defensive mode?
On World Environment Day, we have for you an expert article on how to harness IoT and smart appliances to conserve energy. Also at Apple’s recent annual developer’s conference - WWDC 2017 - the technology giant with its slew of AI-centric offerings is now eyeing the top slot in the Artificial Intelligence domain - something it was struggling to do since a long time?
We have for our readers expert articles on the various challenges, opportunities and impact of GST on businesses, as part of our GST campaign. 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.
Indian businesses are optimistic about increasing its business spending and investments this year, but in parallel wants to moderately but efficiently spend on verticals across HR, technology, finance, and customer service. Saru Kaushal, Vice President and General Manager, Global Corporate Payments, American Express discusses the factors leading to this trends and highlights the changing role of CFOs in the digital economy.
My first reaction to the idea of employee unions in IT sector was one of disbelief. I mean, here is a community, which rode the gravy train, got compensated handsomely, spent it all on buying property and the Bangalore pubs and when the going gets tough, want protection from layoffs. Just because they cannot now sustain their lifestyles! And the best (or the worst, depending on which side of the fence you are on) is that there is no one who is telling them to get off and smell the coffee, writes noted journalist and Fouder-CEO at Trivone Digital Services, L Subramanyan.
There is a significant amount of buzz encircled around GST and much predictions swarm around the ingrained hope that the reform will noticeably reduce the compliance cost for taxpayers, harmonize the tax structure, while transforming administrational operations into uniform entity across states. However, integrating all taxes levied on goods and services in a federal country is easier said than done. Here are some of the challenges, highlighted:
The GST rollout is expected to address this complicated tangle by leveraging technology to unify disparate tax regimes under a holistic and all-inclusive indirect tax ecosystem. A shared IT infrastructure which enables a single-point interface between the taxpayer and GST stakeholders has been readied to achieve this aim.
With all the layoff news doing the rounds in Indian IT sector, thanks to automation and cost cutting exercises, India’s IT and ITeS companies seem to be in a spree to leasing property for office space. Office space leasing by IT and ITeS companies rose by 10 percent in 2016 at 16.81 million square feet with Bengaluru and Hyderabad absorbing more than 50 per cent of this space, according to JLL India.
Internal communications, for years was relegated to a tiny part of the marketing budget but is now seen as a hot topic among both marketers and business leaders alike. With the change in workforce, and business environment, employees want to feel informed about their company. They want to feel invested in their work. And they want to be more than just another employee. Because of the shifts in generations and technology in the workforce today, internal communications needs a relook.
Surendra Singh, Country Director, Forcepoint, discusses how IT Security professionals risk being obsolete unless they keep up to date and adapt to this changing IT environment. Despite the dynamic IT landscape, from security perspective, the one thing that has remained common through the life cycle of IT is the human interaction. This human interaction with IT tools and systems is increasingly being exploited by hackers to gain access to enterprise critical business data and intellectual property.
The Robotics revolution is already underway. Today, they are not only found in popular science fiction movies, or books and in toy stores, the new 21st century workplace will be one in which robotics are expected to play an increasing role. In an exclusive interaction with CXOToday, Sunil Aryan, Director Practice – Back office & Retail, Verint, explains how Robotic Process Automation [RPA] or software robots are helping employees improve their productivity and other aspects of life and work.
GST Council and the Union Cabinet has paved the way for rolling out the new tax regime from July, clearing all legislations required for the ambitious reform measure. Now all eyes are on the respective State assemblies to pass SGST laws. While we are at last mile of the marathon for implementation of GST, the Industry is waiting for the announcement of the rate structure as companies will need to make corresponding adjustments to their business models and budgets.
Smart appliances are embedded with sensors and are interconnected. Data collected by sensors is transmitted to the central grid. The collected data includes variables like electricity load at specific times to availability to the individual requirements of the appliances. If green energy like solar and wind are being used, the smart grid takes even the temperature in solar panels or blade resistance of wind turbines into account, explains tech expert Muqbil Ahmar.
India’s top IT services companies are in the news. At a time, when the country’s IT industry is already in the midst of a crisis, with Brexit and Trump at the helm and companies striving to survive in a market threatened by automation, top bosses have to fight on many fronts, including rumors that the companies believe are baseless. Considering the media reports were misrepresented, is it time IT biggies look at other options to survive or continue to live in a denial or defensive mode?
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