Readiness for the disruption that innovation brings!

S MOHINI RATNA
EDITOR
VARINDIA

As the speed of technological innovation continues to increase and with the competition delivering better, faster, and less down time, this is soon becoming a deciding factor in who wins and who loses in the software game. It is therefore important for organizations to take a research-based approach to digital transformation. IT is definitely continuing to play a critical role in digital transformation.

Digital and technology are different. Technology is one component that enables digital to exist. Knowing the fact that both the CIO and CMO need to work together, they have to bring the technology and experience together for better understanding the business challenges and bring the right business value. With this, the role of IT has elevated again with the demand of digital experience increasing.

The year 2018 has witnessed many challenges like the volatility in the market affecting indices and individual stocks, coupled with global and domestic cues. The rupee today stands at ₹74.39 per dollar, while a year ago on October 3, 2017, one US dollar would get you ₹65.45. With this, all the companies who depended fully on importing have been impacted very badly.

Going forward, every brand has to re-imagine each part of their organization to laser focus on delivering stand-out experiences or risk failing in no time. Reason, the IT and threat landscapes will continue to evolve in 2019. I expect 2019 to arrive with ample new and existing challenges for Indian enterprises, from misuse of the social media to security vulnerabilities in the cloud. While more Indian enterprises are recognizing the threat that cyber-attacks can pose to their organization, many are not sure about the extent to which they need to be covered.

The report says that there are increased threats targeting the industry, and so it’s important to stay attuned to cyber-enabled physical threats to the IT supporting systems. A far more common threat that security teams in the industry must be prepared to defend against is cyber espionage. 

There will also be increasing number of opportunities for attackers in the cloud. With cloud, there’s a new, and often expanding attack surface that can be left undefended or without the proper safeguards in place to protect important data.

The report further elaborates that attribution and accountability are two of the biggest sticking points when it comes to winning the war in cyberspace. Without risks and repercussions for malicious activity carried out on the internet, attackers will keep attacking and organizations will keep getting breached. The reason of widening skill gap and lack of trained experts is to fill security roles.

However, the good news is that thinking around this challenge is changing.