Artificial Intelligence and Cyber-security are key pillars of Digitization
The growing complexities of network and security threats are beyond what human beings are capable of handling on their own.COVID-19 cannot stop the world from going digital and is continuing at an exceedingly fast pace.
Advantage of digitization means everything is transforming at a high speed. The key result of this rapid digitization is artificial intelligence (AI). This technology is impacting every field, and cyber-security is no exception to the growth and demand curve.
AI nowadays has extended its reach to embrace all verticals starting from health care, producing, retail to banking and finance. It allows organizations to boost their business performance by driving a competitive advantage at a lower operational price.
Cyber-security has been a major concern for every organization be it small or big, reason being the vulnerability among information security which is directly proportional to the variability and volume of information sources. With the adoption of cloud-based platforms, the probabilities of compromising information security and privacy have inflated considerably.
Network, data, and endpoint security are the three leading use cases of A.I. in cyber-security today.
The Prime Minister’s announcement of Rs 20 lakh crores economic package and focus on technology-systems as a key pillar for building a self-reliant India bodes well for the economy in general, and indeed, for the technology sector in particular. The bold reforms brought by PM Modi, will make the country self-reliant so that crises such as the Covid-19 pandemic can be overcome in future. These reforms include supply chain reforms for agriculture, rational tax system, simple and clear laws, capable human resources and a strong financial system. According to the PM, “These reforms will promote business, attract investments, and further strengthen ‘Make in India’.
In the immediate and medium-terms, IT companies will need to focus on supporting their clients, driving operational efficiency and utilization levels, conserving cash, and optimizing enterprise-wide costs in a compliant manner. Work-from-home will help transition legacy ways of working to digital-first operating models. Be it virtual ODCs, digital-led selling, re-imagined talent supply chains and change in onsite-offshore ratios, the sector is set for massive innovations and paradigm shifts that will be marked by risk-sharing, hyper-automation and platform-based solutions.
Over the next few quarters, I expect that customer-demand will be weak, and deals related to digital, cloud, security and large-scale cost take-out solutions will be prioritized. The ability to construct and close large deals remotely will be critical, and will be delivered through a distributed agile model. Sales and delivery teams will be enabled to develop capabilities that matter. Keeping morale high and creating an office culture without an office will present interesting challenges to HR teams . Attendant risks in cyber and data-security, along with careful review of associated tax and regulatory considerations, will be important to building customer trust and tapping into new growth avenues.
The recent announcement by the Centre for Monitoring Indian Economy (CMIE), that 27 million Indians, in the age group 20-30 years, lost their jobs in April 2020 following the nationwide lockdown. The layoffs have hit workers in retailing, airlines, hotels, restaurants and education. However, the next revolution in the industry would be the Gig economy, because it avails flexible work that can be lifeline to workers during economic downturns. The fact is COVID-19 has the potential to change this mindset.
Yes, you heard that absolutely right! There are some interesting facts, amid the current Covid-19 crisis, car companies are looking for alternate options to keep their business going. While some have entered ventilator production, there are many that are using their expertise to produce masks and sanitisers. However, ultra-luxurious carmaker Rolls-Royce is currently investing its energy and resources on the production of honey and the brand loves to call it ‘World’s most exclusive honey’. Rolls-Royce is harvesting honey on its 42-acre Goodwood Apiary that is also eventually helping in the conservation of Britain’s bee population.
Coming back to the security concerns, there are multiple tools available to see if your password is compromised, when we speak on securing the enterprises against Cybersecurity. A survey shows: there is no single security company that is having full proof support for the epidemic of Cybercrime.
· Advanced Malware Protection
· Cloud Security to protect hybrid, private, and public cloud deployments
· Data Protection
· Database Security
· Endpoint Protection
· Email Security
· Multi-Factor Authentication
· Next Generation Intrusion Prevention Systems
· Security Management
· Server Security
· Threat Management
· VPN Security
· Web Security and many more
Many customers were in the process of moving applications to the cloud and embracing cloud-based services and infrastructure more than ever before.
At the same time, one question comes to mind i.e., Does cloud bring the solution to offer all the security portfolios under one umbrella? Many CIOs are now going back to Edge computing, which is a distributed network infrastructure that integrates intelligence close to the edge nodes. This allows data to be processed and analyzed in real-time near the source of the data. Edge computing eliminates the need to upload data to the cloud or centralized data servers.
Edge Computing is an alternative approach to the cloud environment as opposed to the “Internet of Things.
For example, if a vehicle automatically calculates fuel consumption, sensors based on data received directly from the sensors, the computer performing that action is called an Edge computing device or simply ‘edge device.’ Due to this change in data sourcing and management, we will compare the two technologies and examine the benefits each has to offer.
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