Four things Indian banks are doing to serve millennials
Millennials’ use of technology and their behavior clearly sets them apart from previous generations.The average FS consumer behavior changes radically as Generation ‘Y' (today’s millennials, those born after 1980) assume more significant role in the global economy over the next decade along with the emergence of Generation ‘Z’ (tomorrow’s millennials, those born after 1992). They have grown up... By Vivek Belgavi with inputs from Amit Lundia
From the Editor: Protecting legacy critical infrastructure
Recently, I had the opportunity to be part of a discussion about how critical operational technology—such as plant automation—is becoming far more vulnerable. Why, a presentation from a security firm even warned us that even air gaps—keeping the operational technology isolated from the information network—may not be adequate to keep them safe. We have all heard stories of how two countries came... By Shyamanuja Das
Is your enterprise prepared to thwart new and unknown threats?
No one forgets a breach. In October 2016, what is being touted as the 'biggest ever breach of financial data in India', as many as 3.2 million debit cards were compromised. Of the cards breaches, at least 2.6 million were on the Visa and MasterCard platform while 600,000 were on the RuPay platform. State Bank of India (SBI), India's largest bank, which has over 13000 branches, was worst hit.... By IT Next
Moving to the cloud: Security threats and challenges
Cloud computing is experiencing a significant growth over the last few years due to its rapid adoption among various regions and industry verticals across the globe. By deploying cloud solutions, organizations are benefiting in numerous ways, such as cost reduction of total ownership, increased flexibility of IT implementation, increased collaboration, work from anywhere and at any time,... By Meetali Sharma
Gartner says worldwide server revenue declined in Q4 2016
In the fourth quarter of 2016, worldwide server revenue declined 1.9% year over year, while shipments fell 0.6% from the fourth quarter of 2015, according to Gartner, Inc. "There were some distinct factors that produced the final results for 2016," said Jeffrey Hewitt, research vice president at Gartner. "Hyperscale data centers (e.g., Facebook, Google) grew and, at... By IT Next
63% users to go for software-defined storage in next one year: Study
A study commissioned and released by enterprise open source infrastructure solution provider, SUSE, reveals that traditional enterprise storage strategies may not be keeping up with the exponential growth of business data and are under the microscope in 70% of IT organizations. The study found the vast majority of companies have revised their storage approach and strategy in the last 12 months... By CIO&Leader
Lessons from women IT leaders on how to transcend the middle order
In the late 19th century, it was the suffragettes, members of the women’s organizations in the United Kingdom or The Women’s Indian Association (WIA), who fought for the right of women to vote. Today, the idea of mutiny seems a bit farfetched. However, women are still underrepresented in the workforce. According to UN gender statistics, India is one of the few countries where the rate... By Shubhra Rishi
CIOs will invest more time, money and skills in security, cloud over the next 3 years: Study
VMware study identifies key CIO priorities in India for the next three years. Conducted by Kantar IMRB, the study suggests how IT/ Data security is a key challenge organizations face in the mobile cloud era and how most organizations surveyed are keen to adopt cloud computing to enhance business agility and efficiency – hence information security and cloud services will have maximum impact... By CIO&Leader
Survey states that companies continue to struggle with raising their Digital IQ
PwC's 2017 Global Digital IQ survey shows enterprises struggling to return value, overlooking fundamental integration of technology with the human experience. The survey, now in its 10th year of identifying trends in technology and business adoption, examines how organizations maximize returns on their digital technology investments, or not. Over the past decade, PwC has used... By CIO&Leader
IDC's Top 10 Security Predictions
By 2021, 50% of online transactions will use biometric authentication, and by 2018, 70% of enterprise cybersecurity environments will use cognitive/AI technologies to assist humans in dealing with the vastly increasing scale and complexity of cyber threats, IDC predicted in its latest forecasts for the global security product and services. “Cyberspace security will be one of the key... By CSO Forum
CEOs still need people; only 16% plan to cut their company’s headcount
With the rise of automation, we’ve reached a point where we are questioning the role people play in the workplace. PwC’s 20th CEO Survey highlights that 52% of CEOs are exploring the benefits of humans and machines working together, and 39% are considering the impact of Artificial Intelligence on future skills needs. This is a delicate balancing act for CEOs in every... By CIO&Leader