End-user spending on public cloud in India to grow 29% in 2021: Gartner
End-user spending on public cloud services in India will total USD 4.1 billion in 2021, an increase of 29.4% from 2020, according to Gartner. “The onset of the COVID-19 pandemic was the starting point of the Cloud 2.0 era,” said Sid Nag, research vice president at Gartner. “Indian enterprises were not ready for the large scale of remote work. However, public cloud... By CIO&Leader
IT spending in India to grow 6% in 2021: Gartner
IT spending in India will total USD 81.9 billion in 2021, an increase of 6% from 2020, according to Gartner. IT spending in 2020 is expected to total USD 79.3 billion, down 8.4% from 2019. “The COVID-19 pandemic stalled many digital transformation projects for Indian enterprises, mainly because of the market uncertainties and reduced cash flows,” said Arup Roy, research vice... By CIO&Leader
More than half of manufacturing organizations say OT is vulnerable to cyberattacks: Survey
In the manufacturing industry, security teams are seeing the information technology (IT) and operational technology (OT) environments are converging at a rapid pace, according to TrapX Security’s survey. Yet manufacturing organizations are struggling to safeguard OT assets as they are using the same tools to safeguard their IT infrastructure as they are for OT. As a result, IT teams can’t keep up... By CIO&Leader
AI adoption increases in cybersecurity to tackle advanced adversaries: Study
Artificial Intelligence (AI) will be leveraged as part of defender stratagems as more organizations lock horns with sophisticated cyberattacks and become more resilient, according to Wipro’s State of Cybersecurity Report (SOCR), which presents changing perspectives of cybersecurity globally. There has been an increase in R&D with 49% of the worldwide cybersecurity related patents filed in the... By CIO&Leader
Time to revamp!
The cover story in the ITNEXT November 2020 Issue is on the spectacular growth of UPI and the growth pangs that it has been witnessing of late. The technical decline numbers of UPI that is rising in the last few months surely has implications for UPI’s popularity going forward. And that is largely what the story focuses on. But the data points towards a bigger concern. If you move beyond... By Shyamanuja Das
UNIFIED PAYMENT INTERFACE: So far, so good
Unified Payment Interface, UPI for short, has been a game changer in the Indian payment system. The rise of UPI, developed by National Payment Corporation of India (NPCI), has not just democratized digital payments in India, but also picked up on value term. There is hardly any parallel to such a spectacular growth anywhere else in the world, not to talk of the developing world with so little... By Shyamanuja Das
Hybrid cloud still the frontrunner as the ideal IT infrastructure model: Survey
Hybrid cloud is still the frontrunner as the ideal IT infrastructure model (86% of respondents think so), and respondents running hybrid environments are more likely to plan to focus on strategic efforts and driving positive business impact, according to Nutanix’s global Enterprise Cloud Index survey and research report. The report measures enterprise progress with adopting private, hybrid and... By CIO&Leader
Application security in a multi-cloud world
Management of applications in heterogeneous cloud environments introduces new challenges for IT, DevOps and application owners. One of the challenges of this is that each environment offers different capabilities, resulting in inconsistent management and deployment of application delivery and security services, policies and configurations. As applications migrate to the cloud, gaining actionable... By Nikhil Taneja
Cyber crime brings expensive losses for companies, but internal failures most frequent cause of cyber claims: Study
External attacks on companies result in the most expensive cyber insurance losses but it is employee mistakes and technical problems that are the most frequent generator of claims by number, according to a new report from Allianz Global Corporate & Specialty (AGCS), Managing The Impact Of Increasing Interconnectivity -- Trends In Cyber Risk. The study analyzes 1,736 cyber-related... By CIO&Leader
Security offerings revenue in India to reach USD 4bn in 2024: Study
The ongoing impact of COVID-19 pandemic, which has disrupted the traditional business operation landscape, has forced the enterprises to adopt a proactive rather than a reactive approach to address the potential security threats. As a result, security offerings’ revenue in India is estimated to grow at a compound annual growth rate (CAGR) of 3% during 2019-2024 to reach USD 4bn in 2024, according... By CIO&Leader
Fear of state-sponsored and ransomware attacks pose danger of stifling future business growth in post-COVID era: Survey
In 2020, there has been continued proliferation of ransomware and heightened concerns around nation-state actors, according to CrowdStrike’s 2020 Global Security Attitude Survey. The survey reveals the need for acceleration of both digital and security transformation. Proliferation of Ransomware Leads to More Frequent Payouts, Costing Millions Survey data indicates ransomware attacks have... By CIO&Leader