The current dynamic situation has helped Accelerating the Digital Transformation Journey
The technology landscape at the global level has seen a relatively less impact by the COVID pandemic, if one were to consider the various tech acquisitions that have taken place in 2020. We have seen the bigger companies buying out the competitions and in some cases they are going for the promising startups to face the competition and in some cases add to their AI prowess. There are some acquisitions including AMD Buys Xilinx, NVIDIA Acquires Mellanox and Arm, FireEye’s Acquisition Of Respond Software, Microsoft Buys CyberX and Softomotive, Apple’s Acquisition of Vilynx and Xnor.ai, Intel Acquires Moovit and Convrg.io, VMware Acquires Nyansa, Accenture’s Acquisition Of Byte ,Cisco’s acquisition of ThousandEyes, Tech Mahindra Acquires Zen3 Infosolutions and the most recent Salesforce acquiring Slack. All these acquisitions are valued to cross a few trillion dollars opportunities. Essentially companies are creating value through their acquisitions.
The growth was so impressive that many large OEMs accept that they are now reaching the pre-COVID situation. The current dynamic situation has accelerated digital transformation across sectors and scale and enterprises have embraced emerging technologies in order to stay afloat through successive lockdowns and times of social distancing. Enterprises that were better prepared to implement technology-led solutions at a fast pace were able to maintain business continuity, staying agile, face disruption and quickly reinvent themselves. Overnight the pace of Digital Transformation accelerated and what once took years is now being accomplished in weeks or even days.
Secondly, Cybersecurity burnout and job fatigue are both a reality, and they are a growing, troubling problem that our industry is facing on a daily basis. When compounded with the current cybersecurity skills shortage and the constantly growing threat landscape, burnout is amplified
The data era has arrived – faster than planned. Many have realised the importance of uncertainty, when no one is able to come to office and everyone has to work from home, at the same time business continuity to be normal. Organizations have accelerated their digital transformation to support a remote workforce and business in a hyperconnected world. Now more than ever IT has become the essential engine that propels organizations and humanity forward to meet the challenges and opportunities of our data-centric future. We are seeing how the large industry houses in India are running towards investment into setting up Datacenters in India ,on a good faith that India could be the data warehouse of the world. The other side of the coin is time will come, India to be over capacity of the Datacenters.
An expert says, if there is so much demand, then the growth has to be atleast 200 to 300 times for the present companies into this DC business. The fact is it is critical to ensure they’re more agile, more innovative, more resilient. Equally critical is the simplicity of IT. During covid19 situation cyber security professionals were working even more to ensure security of their organizations and employees - this further adds up to burnout.
While most of the employees were working from home has also stretched IT and security departments to the limit as cybercriminals use the vulnerabilities of a distributed workforce to attack companies. Cybercriminals are behaving much more like businesses than they used to. Not only are the tools being used by cybercriminals getting more sophisticated (they are using virtual machines to get past many anti-ransomware tools) but the amount of money that the criminals are extorting is far higher than it used to be.
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