Sindhu Gangadharan, SVP & MD, SAP Labs India and Vice Chairperson, NASSCOM said, 2023 witnessed a rise in the adoption of AI, especially generative AI and large language models (LLMs). This trend will continue in the coming year and India will take the centre stage in driving this global AI revolution.

Data reigns as the foundation of progress and safeguarding its integrity takes precedence. Data analytics and AI emerge as the pillars strengthening this front. As a CFO, the foremost priority rests on implementing robust cybersecurity protocols and enforcing stringent access controls.

Indian businesses are gearing up for big changes in hiring in 2024 with the focus on adopting AI and meeting the expectations of Gen Z employees, as per a report by job search website Indeed About 59% of employees are confident in their ability to adapt and utilise AI tools, indicating that there is likely to be widespread acceptance of AI at work during the coming year

Fuelled by infrastructure development, nurturing of skill ecosystem, strong support for startup culture and industry specific supportive policies have helped the state become a coveted hub of IT investment. Recently, a report by NASSCOM and Deloitte found that Bhubaneswar is now one of the emerging tier two technology hubs in India.

Furthermore, when it comes to cybersecurity, Microsoft Edge has reportedly succeeded in thwarting over 127 million phishing attacks in 2023, turning away the similarity of four phishing attacks, every second for an entire year. Image Source : BINGBing

Data Security Council of India (DSCI) has launched the India Cybersecurity Domestic Market Report 2023 which captures the cybersecurity spending trends, cybersecurity products and services market overview, and significant drivers and challenges in India. It demonstrates the increasing need and imperative for cybersecurity offerings.

Commenting on the plans, Trishneet Arora, Founder and CEO, TAC Security, said, in an always on digital world, cybersecurity has emerged as a key area of focus among the public and private sector entities worldwide. Since our inception a decade ago, we have focused on building a unique blend of capabilities, talent, and presence.

The last month of 2023 also saw its share of investments in cloud, data, cyber, and AI startups. The month also saw a couple of acquisitions. While there were not any big ticket fundings announced, ArmorCode, the leader in Application Security Posture Management and RiskBased Vulnerability Management, announced it closed a pre-emptive $40 million Series B round to advance its mission of helping companies ship secure software fast and at scale.

A top government body is examining a significant number of applications to set up semiconductor fabrication units and testing facilities in India, said Rajeev Chandrasekhar, Union minister of state (MoS) for electronics and information technology (IT). In an interview, Chandrasekhar spoke about domestic electronics manufacturing, likely production linked incentives, artificial intelligence (AI) technologies and cybersecurity.

Build a security first culture: Integrate security practices into all aspects of digital strategy. Invest in robust infrastructure: Implement data encryption, firewalls, and intrusion detection systems. Stay vigilant: Continuously update security protocols to stay ahead of evolving threats.

Cybersecurity firm TAC Security to go public, aims for Rs 100 cr revenue by 2026 Cybersecurity firm TAC Security on Monday said that the company is exploring capital raising options, including an Initial Public Offering (IPO) in early 2024 and eyeing revenue of Rs 100 crore by 2026.