The key priorities of a CIO are improving productivity at workspace and ensuring better monitoring solutions for the employees
By MYBRANDBOOK
Ganesh Viswanathan, SVP - PMO & CISO - Aithent Technologies
CIO priorities for 2022
2021 was the second year of pandemic disruption that forced the workforce to work out of home. For achieving the business goals in the New Normal the IT play book is needed to meet the challenges posed by new business models, technologies and regulatory changes. Key thrust areas are improving productivity at the workspace by focusing on the digital agility in a hybrid work environment and ensuring better monitoring solutions for the employees. Also, with business getting digital, cyber threat vectors are getting more sophisticated, complex, severe and omnipresent. From infiltrations on infrastructure and crippling data breaches to ransomware, spear phishing, zero-day attacks and brute force one needs a better alignment between business and security function.
Cyber security training of the workforce as well as leveraging AI/ML based cyber security tools for better detection and protection of the crown jewels of the business are paramount. Leveraging data analytics to support the business by mining the humongous data that is available to improve the performance is another focus area for the CIO.
Digitization - opportunities galore
The global pandemic, a black swan event has accelerated the adoption of digital transformation. Business leaders are forging ahead with their digital initiatives and digital transformation has become the lifeline of the business.
It helps organization to be agile and alert to the changing business environment, customize the products to the needs and wants of the ever-demanding customers, assist in streamlining and automating the processes thus improving the productivity & profitability. IT has to play a pivotal role as a catalyst in this digital transformation thus bringing the CEO & CIO on same course to achieve the business goals.
IT: The Future of India
The Indian tech industry is expected to reach $227 billion in revenue in FY22, crossing $ 200 Billion for the first time with a stellar growth of 15.5% which is the highest-ever since 2011 as per a report from NASSCOM, the IT Industry’s apex body. The IT Services vertical is set to log $116 billion in revenue in FY2022, the BPM sector is set to clock $44 billion; ER&D vertical $36 billion; hardware segment $17 billion and software products, $13 billion.
By 2026 the revenue is expected to gallop at a scorching pace to reach $ 350 Billion.
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