Cloud infrastructure services spending rises in Q1, 2019; Amazon maintains lead
Q1 spend on cloud infrastructure services jumped 42% from the first quarter of 2018, according to Synergy Research Group. Predictably this growth rate was somewhat lower than that seen throughout 2018 as the massive scale of the market now forces growth rates to moderate. Meanwhile, Amazon again grew faster than the overall market, as it has done for the last eight quarters. Behind Amazon a group... By CIO&Leader
IoT security breaches drive CIOs to lead from front
Unsecured Internet of Things or IoT devices in the workplace and those used by third parties are causing large scale cyber attacks, disrupting the privacy and security of organizations. But most boards don’t understand the importance of IoT risk exposure. While on one hand, this is giving a more challenging time to CIO/CISOs, it also offers them a great opportunity to take a... By Sohini Bagchi
Now C-Suite falling prey to cybercrime, finds study
C-level executives, who have access to a company’s most sensitive information, are now the major focus for social engineering attacks, alerts the Verizon 2019 Data Breach Investigations Report. Senior executives are 12x more likely to be the target of social incidents, and 9x more likely to be the target of social breaches than in previous years. The study finds financial motivation remains... By Sohini Bagchi
Securing SWIFT environment within banks
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables banks to send and receive information about financial transactions in a secure, standardized and reliable environment. SWIFT is commonly used by most of the banks in India for cross border inter-bank payments system. Now even SWIFT India is providing services for domestic payment system. A... By Prakash Kumar Ranjan
Why IT managers should become role makers?
In the last twenty years, role of technology in business has changed dramatically. Today, technology is not just impacting products and processes, it is impacting strategy as well. Business models are dictated by technology. As an IT leader, can you vouch that the importance of CIO has grown proportionately? Far from it; in fact, we are seeing question marks about the utility of CIO position.... By Shyamanuja Das
Who DID NOT move my responsibility?
Who is best suited to drive digital transformation? Not long back, this was a big debate between the Chief Marketing Officers (CMOs) and Chief Information Officers (CIOs). While the CMOs believed—at least that is what they said—as the people who understand the mind of the end customer, they were the best people to drive ‘customer-centric’ transformation, CIOs retorted—where would you be without... By Shyamanuja Das
Revisiting CEO-CIO Relationship
Traditionally, CIOs, who usually—and in India, predominantly—have come from a technology background, have found it challenging to effectively communicate with the CEOs, who generally come from a business background, typically sales or operations. Nor have the CEOs understood the technology lingo. Things have changed for sure. One, digital technologies have now touched multiple aspects of a... By Sohini Bagchi
Raymond builds a digital platform for the fast-moving consumers
Raymond Group, India’s leading fashion and textile retailer is re-engineering its FMCG division – Raymond FMCG, as a part of its efforts towards reaching a turnover of INR 1,000 crore by 2020. The re-engineering is driven by digital and the first step is to build a digital backbone. “Digitalization is no longer a matter of choice but a strategic priority and a core in our NEW INDIA,” said... By CIO&Leader
CIOs in financial sector see silver lining in hybrid cloud adoption
Financial services firms today are facing mounting competitive pressure to streamline operations while delivering a differentiated experience to their customers, including leveraging new technologies such as blockchain. This FinTech revolution, combined with the growing burdens of regulatory compliance, data privacy, and security issues are pushing CIOs to fundamentally transform the... By Sohini Bagchi
Artificial Intelligence changing healthcare landscape
Looking at the upcoming trends globally and across industry ‘Artificial Intelligence/Machine Learning (AI/ML)’ tops the charts. Generally, first thing which comes to mind is machine/cyborg taking over human elements and this has been depicted to various degrees in many sci-fi movies. While, the reality is far away from that, it will be unjust to ignore how healthcare is evolving and adopting AI... By Sanjay Pathak
Why should enterprises not be wary about Hybrid Cloud environments?
Global ramp and reach ambitions of businesses of all sizes are becoming more achievable just as consumer demands for them to be more agile and accessible are becoming more strident. Digital Transformation strategy with Hybrid Cloud Computing at its core is being embraced by diverse businesses as an effective solution to enable dramatic business growth. With the recent advances announced by us in... By B.S. Nagarajan