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    India fastest growing digital nation globally: Cisco India's Daisy Chittilapilly

    Synopsis

    The guardrails are in fact good for the industry and Cisco is supportive of any regulation and law that drives towards establishing such guardrails, she said, lauding the extensive industry-wide consultations being undertaken by the government, as new rules are drafted in tech and telecom sectors.

    India Fastest Growing Digital Nation Globally: Cisco India’s Chittilapilly
    Daisy Chittilapilly
    India is the fastest growing digital nation in the world, and the 5G technology will drive the number of people that are connected online, said Daisy Chittilapilly, president, Cisco India & SAARC. But she cautioned that there is a gap from a "digital trust" perspective which, if left unaddressed, can "delay or derail" the country's digital transformation.

    "If you look at India's digital banking and payment systems, as per an NPCI (National Payments Corporation of India) report, in January of 2023, we had a billion transactions... If you look at our small and medium business, they are digitising at a faster-than-ever pace and Covid played a big role in that," Chittilapilly said on Monday. "E-commerce is equally creating value for India. It is no different for healthcare or education. India is already the second-largest free education market outside the US."

    She was talking to media persons on a day when Cisco announced setting up a new data centre in Chennai and upgrading the current one in Mumbai to offer enhanced security solutions to customers, as the global telecom gear maker doubles down on its commitment to India.

    The American company announced security innovations and investments in security infrastructure in the country to help organisations become more resilient and tackle cybersecurity risks in a hybrid world.

    Chittilapilly cited a recent Cisco survey, which found that 80% of surveyed organisations in India had faced a security incident in the last couple of years and that the cost of restoring normal operations amounted to more than $1 million. "This is usually the amount that they have paid to technology providers, advisors and vendors to return to normalcy. It usually does not account for a long-term loss, reputation loss, data loss and intellectual property loss," she said.

    Cisco Talos, the commercial threat detection engine of the telecom gear maker, observed a surge in malicious activity in India in the past year, targeting specifically critical facilities, infrastructure and personnel.

    "It is clearly very daunting for all of us to take note of a clear gap in digital trust, leading to a gap in cyber resilience," said Chittilapilly.

    The top Cisco India executive said in the next two to five years, organisations will increasingly move their workloads to the cloud, while also digitising and automating each point of supply chain.

    "But these interconnected ecosystems breed complexity, and they lead to security challenges... today, trust is something that depends on security and transparency across the organisation, across products and services, across people and processes, across partners and suppliers," said Chittilapilly.

    She cited an IoT analytics study, according to which the world will have 27 billion connected devices by 2025. "Some version of this will also happen in India. And there is also an answer to the complexity of the security of every one of these devices all the time," she said.






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    ( Originally published on Mar 20, 2023 )
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