Big Cyber Security Show : A thought-leadership driven, business-focused initiative for CISOs

Vikas Bhonsle, CEO, Crayon Software Experts India | Monday, 01 June 2020, 07:47 IST
Big Cyber Security Show
 
1. Dear Vikas, thank you for taking out time to chat with us. To begin with, how do you see the Software & Cloud landscape developing globally? What specific trends do you see that will shape up the future of cloud adoption, digital engineering in India?
 
Cloud computing industry is evolving at a lightning speed, all businesses and Industries are taking to the cloud. Newer technologies such as AI and IoT are paving their way into industrial and consumer-oriented companies. 2019 was more about laying the groundwork for these massive tectonic shifts in the IT industry but today technology lies at the heart of every business decision that organizations make and as we progress further into 2020, these trends will shape the digital world. We shall all agree to the fact that the revolution in digital space has encouraged and led organizations to innumerable innovations & improve business outcomes. These new innovations are becoming more mature and are driving advancements and creating new paradigms across all sectors in an interconnected world. Here are top trends that will shape the future of cloud adoption & digitaltransformation:
 
  • AI-driven developments - Technologies like AI and ML are empowering almost all industries and organizations of all sizes with different impact and business value extraction. In the coming year, AI is expected to bring drastic changes in many aspects like organizations, business models, innovations, and cultures.
  • Augmented analytics - The rising need and importance of data have paved a way for many of next generation technologies and data processing tools. By expanding traditional business intelligence systems with new actionable insights, automating existing lines of business process, and enhancing existing products with intelligent services, augmented analytics is becoming exciting and disruptive technology with a promising future.
  • Edge Computing Solutions- To help eliminate these drawbacks like latency, cost and bandwidth in cloud computing, companies are moving towards edge computing - an alternative approach to the cloud environment. Edge computing can lower the dependency on the cloud and can simultaneously improve the speed of data processing as a result. With numerous applications in smart cities, autonomous vehicles, AR & VR, and the Industrial Internet of Things (IIoT), the future of edge computing looks bright.
 
2.  More and More people we speak to, say “There are chances Cloud Computing will not live up to its hype.” What do you think about this and how is it effecting the overall understanding of the subject?
 
I’d say for most of them, cloud has lived up to its hype. We have heard from organizations on cloud exceeding their expectations also. The cloud has opened up a whole new frontier for storage, access, flexibility, and productivity.  I feel that the disconnect here is because of the fear around ‘security and control’. The cloud vendors will be judged based on the 4 broader categories – performance, cost, security and scale. It is important for them to rework on their offerings, rethink their messaging and educate business leaders about the cloud misbeliefs.
 
 
3. In a pandemic like Covid-19, what are the most important recent developments in your field of business that you believe will have the biggest impact on the industry? What developments should the market be aware of that they aren’t already?
 
With the recent outbreak of COVID-19, many of us at some point asked ourselves, ‘Are we really at the tip of the iceberg? Is the know-how of technology getting its final ultimatum?’ Technology has been beckoned to support the global efforts all across the globe in almost all verticals. While situations like the one we are in can’t always be predicted, embracing newer technologies allow organizations to be ready for inevitable disruptions. For example, technology is already paying dividends to maintain resilient and reliable operation for supply chain players who were early adopters of Blockchain & AI.
 
Any new crisis which erupts creates challenges and eventually, technology comes up with ways of doing things.
 
Working from home in the wake of the pandemic has highlighted the benefits of using cloud computing, with companies increasingly adopting it. During this time, there has been an unexpected spike in cloud usage, and cloud computing has made it less expensive and more comfortable for companies to manage their internet infrastructures and make an adjustment to computing needs on the go.
 
Finally, when the dust settles, it brings in changes. A change in behaviors and new working models is going into practice now, which may eventually define the new role. A new normal.
 
A lot of the digital technology changes were already ready, on the runway waiting for takeoff. We are finally reaching that point of embracing that change.
 
4. What in your opinion are the most pressing challenges that inhibits cloud computing and digital transformation implementation – especially in the Indian scenario? What can be done to overcome them?
 
As digital transformation accelerates, more systems and applications are becoming cloud native. Hence implementing cloud solutions and technologies has become common in businesses of all sizes. While the organizations are impressed with its obvious advantages, they are also overwhelmed by its range of challenges. Some of the prominent cloud implementation challenges are:
 
  • Cloud Cost Management – While cloud computing itself is affordable, tuning the platform according to the company’s needs can be an expensive exercise.
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  • Insufficient Resources and Expertise – The skill gap in employees remains to be a grave concern for companies adopting to the cloud.
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  • Cloud Security – The cyber risks associated with storing sensitive and business-critical data in the cloud continues to be the biggest factor hindering business’s cloud adoption.
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  • Cloud Migration - Although releasing systems or applications in the cloud is simple, the migration of the existing application to a cloud computing environment is complex.
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  • Regulatory Compliance - The increased focus on the protection of information, places larger demands on the way we handle personal data. Businesses still face issue in adhere to legal frameworks.
 
CTOs need to keep in mind that all-at-once move to the cloud is usually not the best option. To embrace the technological changes must have a trusted technology partner who can provide faster, cost-effective, and reliable solutions to enable success in this swiftly changing market.
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