Law enforcement Technology,Law enforcement Agency,Policing Technology,Smart Policing India,Homeland Security India,Border Security India,Border Management India,Cyber Crime news,Cyber Security news,Safety App,Public Safety App,Security App,Women Safety App,Police Initiative,Surveillance news,National Security news,isc event 2016,isc event 2017,scada event 2016,scada event 2017,Critical infrastructure security event 2016,Critical infrastructure security event 2017,iot summit 2016,iot summit 2017,Internet of things seminar 2016,Internet of things seminar 2017,iot seminar delhi 2016,iot seminar delhi 2017,iot conference delhi 2016,iot conference delhi 2017,top security event,security event,security event 2016,security event 2017,security conference 2016,security conference 2017,cso summit 2016,cso summit 2017,Corporate security event,Corporate security conference,security research india,homeland security research india,security think tank india
HYDERABAD: Cyber security in India may face increased threats as digital connectivity enhances following demonetisation of Rs 500 and Rs 1000 notes, said BVR Mohan Reddy, former Nasscom chairman.
"With the increase in digital connectivity and with demonetisation, cyber security becomes a crucial element for India," a statement quoting Reddy, also the Founder and Executive Chairman, Cyient Limited said today.
"There is an existing requirement of 5 lakh cyber security professionals in India, which will grow in the coming years," Reddy said.
On the IT and ITeS industry trends and prospects in 2017, he said, skilling will play a role in transforming the organisation into digital enterprise and the digital technology which is grouped as SMAC (Social, Mobile, Analytics and Cloud), contributes to 5-10 per cent of the industry revenue. However, it is anticipated that the digital solutions will touch 60 per cent in 5-10 years.
"The incoming new projects will need combination of multiple technologies, and has to be build by smaller teams in shorter cycles. The need will be for multi-skill high performance organisations. To address the changing needs, workforce has to be reskilled more often and needs different approach," he said.
Developing the local markets into a technology consuming market will be a key challenge and the country is yet to be known as technology consuming country.
According to him, the IT industry went through peaks and lows during 2016 on account of volatile political, economic and technological environment globally.
In spite of all the uncertainties, India's market share continues to be at 7 per cent of the global software and IT services spend, and 57 per cent of global IT services is outsourced to India.
The IT BPM industry is poised to grow at 8-10 per cent for the FY 2017, demonstrating sustained growth, he said.
SOURCE: The Economic Times
Copyright © 2016 Crux Center For Security Research And Events (CCSRE) | All Right Reserved