The New Secure X
Recently, I was talking to CIOs of quite a few non-services companies. I say non-services because many of them do not like to be identified as ‘manufacturing’ business—quite rightly so. They included process manufacturing companies, pharma, FMCG, consumer durables, and automotive, among others. I was asking them about the reaction to COVID-19 emergency and was not specifically probing them... By Shyamanuja Das
WFH, The New Normal & Security First
Finally, in India, as elsewhere in the world, governments are giving in to the demands of a ravaged economy and have opted for staggered opening. India’s Lockdown 5.0 that kicked off on June 1 is certainly different from the previous versions. What is also different is the sentiment of the people. Workplaces are opening with a lot of mandated and self-mandated precautions in place to safeguard... By Sangita Thakur
Global security and risk management spending growth to slow but remain positive in 2020: Gartner
Worldwide spending on information security and risk management technology and services will continue to grow through 2020, although at a lower rate than previously forecast, according to Gartner. Information security spending is expected to grow 2.4% to reach USD 123.8 billion in 2020 (see Table 1). This is down from the 8.7% growth Gartner projected in its December 2019 forecast update. The... By CIO&Leader
Cyber risk rises as businesses rush to embrace digital transformation: Study
While digital transformation is understood to be critical, its rapid adoption, as seen with cloud providers, IoT and shadow IT, is creating significant vulnerabilities for most organizations, according to a CyberGRX-Ponemon Institute study, titled Digital Transformation & Cyber Risk: What You Need to Know to Stay Safe, based on preparedness for digital transformation. Today, these... By CIO&Leader
Majority of IT professionals report an increase in security issues in the past three months: Survey
IT workloads, security issues and communication challenges have all seen significant increases in this new remote working era, according to an Ivanti survey studying the impact of the move to “work from home” in response to the COVID-19 pandemic. For 63% of IT professionals, IT workloads have increased 37% since going remote. Top incidents and requests impacting their amount of work include... By CIO&Leader
Cloud use surges even as businesses plan return to workplace: Survey
In the wake of COVID-19, enabling remote work has required IT teams to rapidly lean into cloud technologies to keep their businesses operating smoothly, according to a Snow Software survey. The survey suggests that cloud usage continues to rise, and what was a sudden shift will become a permanent pivot for most organizations. Despite many countries planning for a return to physical offices and... By CIO&Leader
4 Technology Trends that will mark the New Normal
It took some time but by now, most of us have accepted the new reality, that is, living life with COVID-19. This year’s pandemic has put the entire world to a standstill and forced organizations to alter their business plans, infrastructure and working pattern. By now, most of us are working from home (WFH) and for many. It is to the credit of the IT managers that they managed to save the... By Dipanjan Mitra
Communication, customer experience, e-commerce operations top of mind for consumers post-COVID: Study
Nearly 40% (38%) of consumers will be more conservative in their spending as it relates to shopping in the future once respective state and national business restrictions lift, with nearly one third (29%) saying they’ll spend less during the holidays specifically, according to Scalefast-YouGov’s joint online study, titled Rebuilding Retail. The study uncovered not only consumer sentiment towards... By CIO&Leader
NEXT100 Jury member Bhavesh Lakhani joins IndusInd Bank as CTO
Bhavesh Lakhani has joined IndusInd Bank as CTO. Immediately prior to this, he was CTO at SBI Mutual Fund. Earlier, he served as the CTO of DSP BlackRock Mutual Fund and Director - Technology Services at Altisource. Besides, he was associated in various leadership roles at HSBC, Wachovia Bank and GTECH Corporation. He was also a NEXT100 Jury member in 2018 and 2017. Lakhani completed his... By CIO&Leader
9 in 10 consumers connecting more to the virtual world: Survey
Indians are raising the bar on data consumption. The world’s largest consumers of data show no signs of abating. At northward of 11GB per user per month, a 30% spike in usage amid COVID-19 has pushed data consumption two to three years into the future - where virtual is the new real. The radical shifts in consumption are here to stay. The new normal rides on increased optimism towards a more... By CIO&Leader
Payment industry in Asia remains attractive for venture capital investors amid COVID-19: Study
Consumers across the globe are embracing digital payments more than ever during the COVID-19 pandemic. Against this backdrop, payment industry in the Asia-Pacific (APAC) region remains attractive for venture financing (VF), according to GlobalData’s study, titled Smart Money Investing in the Financial Services Industry Q1 2020. The study reveals that although there was decline in VF deals from... By CIO&Leader