Cisco to positively impact 50 Million beneficiaries in India by 2025

The fifth edition of the CISCO India Summit held in Goa was themed “The Future Reimagine”. The 2 day summit focused on how CISCO’s intuitive, intent based technology will influence the future,starting from Autonomous cars to blockchain and AI.

Speaking at the two-day Cisco India Summit 2018, in his key note address, Sameer Garde, President- India & SAARC - CISCO India focused on how digital transformation of India's banking system has brought high risk to the industry. “CISCO created and reinvented the network; India is facing 20 billion cyber threats per day and the Banking and Financial Services Industry (BSFI) is facing 24% of it. Indian banks face heavy threats across the country, as 800 million accounts are linked and we are giving end-to end solutions to contain it.Through the Talos engine we are blocking 20 billion threats a day,” said Sameer Garde, President- India & SAARC-CISCO India while speaking about the digital transformation journey and how the Network is core to digital transformation.

Sameer Garde
President- India & SAARC-CISCO India

Garde said that Cisco has built the Talos team to protect an organisation’s people, data, and infrastructure. CISCO has committed for end to end security solutions and about 1000 people in India are working on its R&D to strengthen the security and invested billions of dollar into strengthening security. "Our researchers, data scientists, and engineers collect information about existing and developing threats. We then deliver protection against attacks and malware,” he said.

Security running across the core fabrics of Cisco…

Vishak Raman, Director, Security – Cisco

Security is the foundation of the Network. With malware attack growing exponentially, globally cybercrime will cost 6 trillion annually by 2021. The attack is mainly targeted to the BFSI industry. As a No.1 security vendor, CISCO leads the partner eco-system into security. Vishak Raman, Director, Security – Cisco told the audience at the 5th CISCO India Summit in Goa that Security is running across its core fabrics and that it bringsa unique integrated and orchestration approach to fast detect the attack. Vishakfurther said on how they integrated the technology into four critical components like Alerts, Events, Threat Intelligence and Broadcast.

The fundamental principle is to detect once and protect everywhere. “As a security and network security leader, it is important to understand of how fast we are able to detect vulnerability. To complement this, with our CISCO’s Talo labs,300 dedicated persons are working 24/7 for detecting actual threats, Threat Intelligence work for enhancing security, while learning from internet activity to automatically identify attacker infrastructure staged for current and emergent threats. 

HDFC Bank, Cisco working together…

Daisy Chittilapilly
Managing Director, Partner Organisation - Cisco India & SAARC

“Organisations should have digital objectives as part of their business and not having such objectives does not make organisations digital. There are many digital objectives for organisations and it can be achieved in multiple ways like creating new products or values using digital technologies,” said Munish Mittal, Chief Information Officer & Group Head - Information Technology, HDFC Bankduring his keynote address.

With the Digital Transformation and Mobility Banking (DTMB) team at the forefront, HDFC Bank has launched a host of highly successful digital banking products. “These include 30-minute paper-less Auto Loans using Biometric technology, 10-second Personal Loan on NetBanking, PayZapp, Chillr, LITE App, Missed Call Recharge, Instant loans at ATM and the recently introduced Robotic Assistant (IRA) at HDFC Bank branches,” Munish Mittal said.

“With our 3 Datacenters across India which hosts CISCO Routers & Switches etc.,network devices deployed in DC deliver network services to our all Branches and ATMs,” he further added. 

NSE selects CISCO for enhanced  customer service…

Rajesh Shetty 
Managing Director & Country Head  Enterprise Sales, Cisco India

The National Stock Exchange (NSE), India’s largest stock exchange and the world’s fourth largest in terms of daily turnover and number of trades, is leveraging Cisco’s world-class, ultra-low-latency trading architecture to deliver high-performance trading experiences, greater control, and visibility to its members. Cisco has also completely automated NSE’s datacenter, helping it reduce app deployment time from weeks to hours. Optimising NSE’s network with Cisco ACI has allowed it to reduce overall efforts by 15-18%. NSE is also leveraging Cisco’s AppDynamics platform to monitor the performance of core applications and get real-time analytics for business performance to deliver superior end-user experience.

Sankarson Banerjee, Chief Technology Officer, National Stock Exchange said, “Our vision is to adopt the latest technologies to deliver greater value to our customers and employees as well as build trust and investor confidence. Digital Innovations in technology are going to transform the financial services sector as we know them. Institutions that are quick to embrace innovation and adopt new technologies will have immense opportunities to improve the way they deliver services."

33% revenue of CISCO coming from recurring revenue…

Amit Malik, MD, Public Sector & Services, Cisco India & SAARC

Services & subscription is more relevant to CISCO than ever, as services is the 2nd largest revenue after Infrastructure Platforms - Amit Malik, MD, Public Sector & Services, Cisco India & SAARC, who is responsible for the sale of Cisco products and services to the Central and State Governments and Defence in India, as well as leading Cisco Services in India and South Asia saidthis at the CISCO India Summit.

“CISCO strongly believes that services is all about giving customers a fantastic experience. With this we are simplifying the complex world to a simplified world. Globally, 33% revenue of CISCO is coming from Recurring Revenue and in India 40% recurring revenue, 23% is from our services division and 26% revenue is from our services and at the Global level,” Amit said.

CISCO looks closely at Indian start-ups…

V. C. Gopalratnam, Senior Vice President, IT and Chief Information Officer (CIO), Cisco Systems

Cisco Systems has been working on securing and connecting digital networks across the globe and is looking closely at a digital transformation and changing its core strategy. From a focus on hardware, CISCO is keenly looking at software and its use cases across industries. Speaking about the war for talent and the growing need for people to skill themselves, V.C. Gopalratnam, senior vice president, IT and Chief Information Officer (CIO) at Cisco Systems in his inaugural address spoke about the importance of skilling oneself faster than ever before.

According to him, Cisco is in a war for talent. “Changes are happening every day around us and our strong belief on the technologies we are working on such as networking, collaboration, security, we are shaping the industry trends. But it is hard to attract and retain the best talent.There are a few things we do, and the tried-and-tested method is education. We, therefore, invest in training and skilling, but that can only take you to a certain extent. The second thing is we have started to work in dynamic teams, where people can report to somebody, and at the same time work for somebody else in the organisation. This helps broaden perspectives,” he said.