India’s rapid transition to a cashless economy since Prime Minister Narendra Modi’s demonetization drive has exposed new avenues for virulent cyber threats across the nation.
That whoosh you hear is of India’s 1.3 billion people speeding along into the decidedly digital age of the future. And it shows in the 3 billion transactions about to be logged by IndiaStack, the open source initiative to help businesses develop a unified software platform, on the back of the rollout of the Goods and Services Tax (GST) and last year’s demonetisation drive.
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Workplace dynamics are changing rapidly and organisations are keen to modernise their approach to both, the workplace and the workforce. We at Greyhound Knowledge Group are of the firm belief that the confluence of powerful devices, modern applications and intelligent networks have replaced the Knowledge Worker with the Connected Worker. This in turn is fuelling the Gig Economy. Per our estimates at Greyhound Knowledge Group, nearly 30% of the workforce across the globe will in some form or shape participate in the gig economy by 2020.
Digital Transformation is topping the priority charts not just with technology leaders but with CEOs and Boards alike. Findings from a recent Greyhound Research study titled, Global CEO Priorities 2017, tell this tale eloquently. Per the study, over 95% global CEOs cited Digital Transformation as a key topic of discussion in meetings with their Board and other senior management.
Here is a quick glimpse of Sanchit Vir Gogia, Chief Analyst & CEO of Greyhound Research presenting on the topic of Digital Transformation at Dimension Data’s Shape The Next Leadership Connect Forum 2017.
A little more than two weeks ago, the massive “WannaCry” ransomware virus hit over 150 countries infecting about 200,000 to 300,000 computer devices and systems globally, as the worst nightmare for cyber security experts unfolded rendering them helpless.
What is the event about?
We are experiencing unprecedented change and disruption in the industry today. Business and technology paradigms are changing at a pace that has never before been seen and the innovative use of technology to adapt to these changes is becoming the only way forward.
To address this change, Dimension Data is organising the Leadership Connect, a gathering aimed at bringing together CxOs involved in Digital Transformation journeys.
Fireside Chat Topic: Bringing Transformation Home
Greyhound Research’s Chief Analyst & CEO, Sanchit Vir Gogia (SVG), will be at the event to share insights on Digital Transformation from across the globe and in the region. Separately, SVG will chair a fireside chat session (participants below) on how can CxOs tailor Digital Transformation for their respective organisations.
- Jason Goodall (Group CEO, Dimension Data)
- John Lombard (Asia Pacific CEO, Dimension Data)
- Kiran Bhagwanani (India CEO, Dimension Data)
Have a question for SVG?
When & Where?
April 19, 2017, Mumbai
April 20, 2017, Bengaluru
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On March 2, 2017 Symantec announced the launch of Symantec Ventures – its latest effort to help startups by contributing capital, reducing expenses and accelerating time to market. Per the company, Symantec Ventures is the next step post its partnership with Frost Data Capital Partner in 2015. Initially while the company aimed to foster up to 10 Security and IoT Analytics startups per year, with Symantec Ventures it plans to further its investment in areas like Machine Learning and Security Analytics.
Mobile-wallet ventures are increasingly looking for partnerships with insurance companies in an effort to minimise their liability with risks from cyber security breaches on the rise.
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IBM’s two major global bets — cloud and cognitive — are also the two weakest areas for the computing giant in India, where it seems to be struggling in a highly competitive market. Will the new India MD be able to get the company back on track?
On January 4, 2017, IBM India named Karan Bajwa as the new Managing Director. He takes over the reigns from Vanitha Narayanan, who has now been appointed as the Chairman. Per the announcement, this change is effective immediately; both Karan and Vanitha will report to Randy Walker, Chairman, IBM Asia Pacific.
At Greyhound Research we believe while the company is in great hands with both Karan and Vanitha at the helm, significant challenges lie ahead for them and the broader management team at IBM India. Here’s why.
To become digital in a true sense, Indian enterprises have to work on information technology (IT), workforce and security together to solve the big jigsaw puzzle and stay ahead in the coming cashless era, a top Dell-EMC executive has emphasised.
HCL Technologies, India’s fourth largest software services company, expects digital, cloud, analytics, automation and internet of things (IoT) to grow faster than the traditional business segments, accounting for up to 20 per cent of revenues in next three to four years, from current five per cent.
Managing enterprise security in today’s digital world is becoming increasingly complex with constantly evolving threats.
This gives Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs) a compelling reason to invest in a security partner who is committed to the cause of Enterprise Security and, more importantly, has the resources to invest in Threat R&D and Threat Intelligence.
On 12 June, 2016 Symantec announced its agreement to acquire Blue Coat for USD 4.65 billion.
As a result of this acquisition, the company will now have 385,000 customers, a vast repository of data sources and over 3,000 researchers and engineers worldwide. Post this acquisition, Symantec will have USD 4.4 billion in combined revenue (on pro-forma, non-GAAP basis) in FY16. By the end of FY18, Symantec expects to realise USD 550 million in run-rate cost savings. In addition, the combined entity will have access to vast Security and Threat Intelligence data sources including Telemetry gathered from 175 million protected endpoints; more than 2 billion emails scanned per day; 1.2 billion web requests monitored per day across 55 languages; 12,000 Cloud applications monitored and controlled.
aPM Narendra Modi’s highly ambitious Digital India Program completes a year of its existence today. In the last one year, several initiatives were announced by the government – from the launch of MyGov.in portal to BharatNet and E-sign to Wi-Fi hotspots.