CIO’s biggest priority for coming year to be around privacy


By MYBRANDBOOK


CIO’s biggest priority for coming year to be around privacy

Dr. Mukesh Mehta
Group CIO
Monarch Networth

 

CIO priorities for 2022
Moving to the Cloud is one of the easiest ways for an organization to reduce the environmental impact of its Data Centre and IT operations.

 

CIOs should suggest to business to prioritize the areas where automation is already built into platforms and applications. Using this approach, businesses will quickly show proof of success in terms of speed, savings, and quality before moving to more autonomous capabilities.

 

Another thing to help businesses (may be indirectly) would be to identify the areas in which they are not likely to be able to grow their own talent and for these areas, consider managed services.

 

Digitization - opportunities galore
Opportunities for CIOs will continue to reduce security risks, IT spend and adopting new technologies.

 

The critical plan for next year is Automating redundant and cost-inefficient processes, this will not only help enterprises accommodate evolving customer needs following the pandemic but also better position the organization to affordably meet increasing business expectations.

 

As a CIO, the biggest priority for the coming year will be around privacy. We need to ensure that our strategy, policies, and processes are focused on protecting our data and our customers’ privacy, and guide and steer our decisions along these lines. The enterprise systems must be constructed to remove any temptation to use data inappropriately.

 

IT: The Future of India
What can India expect from IT Industry in next few years:

 

  • India’s technology services industry can achieve $300-350 billion in annual revenue by 2025 if it can exploit the fast-emerging business potential in Cloud, Artificial Intelligence (AI), Cyber Security and other emerging technologies
  • India’s AI industry is predicted to reach $7.8 billion by 2025, rising at a CAGR of 20.2%. By the end of 2025, the AI software category will have dominated the market, growing at a CAGR of 18.1% from $2.8 billion in 2020
  • India’s Software-as-a-service industry could reach $1 trillion in value and create nearly half million new jobs by 2030 as businesses around the world accelerate digitization and Automation
  • Online retailing, Cloud computing and e-commerce are all contributing to the speedy growth of the IT industry.

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