Excerpt Article by Mr. Joseph Jayakumar, Director Amstar Technologies
One sector that has witnessed a seismic change in myriad ways across platforms in 2018 is the Technology sector. The rapid change in the world of technology has constantly gained momentum in 2018 which will see a further surge in 2019 post our active understanding of technology observed be it IBM Code Day, Bangalore Tech Summit 2018, CISCO Dev summit etc.
On one side we saw the rise of cloud-based computing and artificial intelligence (AI) as well as new developments in internet of things (IoT). This remains as the sector where nothing stands still for long and development is happening at a very rapid pace. This has brought ongoing concerns about skills shortages within the sector into sharper focus wherein we are trying to augment our offerings to the maximum.
We have transformed the way we collect store and process data but are lagging behind in security mechanisms. That’s where our enterprise consulting and project consulting can help you best achieve the best in your data concerns.
Joseph Jayakumar, Director Amstar Technologies with rich expertise in the tech sector across various helm of affairs looks back on the past year’s most significant changes.
What have been the main developments in 2018?
At start of the year, we researched about technology companies what they thought the year would hold. This was done with a essence bearing in mind the micro and macro factor backdrop, a large majority were still resolutely very or somewhat confident about the general outlook for their business and sector, predicting significant revenue growth in 2018.
While nearly 86 per cent of tech companies expected 2018 to be a better year than 2017 for their business with expected growth irrespective of the economy. Twelve months on, and technology enabled businesses are typically able to achieve scale far more quickly than their counterparts with a lag on reskilling across middle leadership predominantly.This means that investors look favorably on the tech sector and there is an increasing amount of capital available as long as resources are skilled sufficiently.
Joseph Jayakumar further adds we still need to see more patient growth capital in the reskilling market with an emphasis on the tech scale-ups over focus on start-ups, which has been the case previously. This means that firms have to introduce new processes and techniques to employees and platforms alike to keep pace with rapid technological changes.
How has business been helped by these developments?
An increased availability of long-term growth capital in India is encouraging for the tech industry. This is in cognizance with the number of hires joining tech which keep increasing year on year across industries, sectors and verticals.
With the wider context of the government thinking on a PPP model for learning and reskilling initiatives we need to continue to encourage domestic think tanks by creating eco-systems of centers of excellence through which businesses and tech consulting houses like Amstar can simultaneously flourish.
In contrast to some traditional sectors, tech companies are open-minded to seeking new reskilling mechanisms to allow them to scale further. It’s about what’s in the offering though which we have gamified through our “learn and earn model”. Of course this brings challenges around skills and building the infrastructure and leadership to support this growth but we have been in the industry and we understand what works the best. For many reasons, fast-growing businesses are still struggling to access the skills they need. There needs to be prioritization of STEM subjects within the education system by encouraging schools, universities, apprenticeships, on-the-job training and tech based Upskilling. Businesses are welcoming the enhanced focus on developing the talent of tomorrow but there is a need today and that’s where are trying to address the gap. The Indian tech scene needs both domestic and global skilled talent.
What lies in store for 2019?
Customer behaviors and expectations are changing rapidly, and businesses need to adapt fast in order to 'penetrate the buyer headspace'. For some, this means a need for more market knowledge and customer analysis; for others, it’s about pricing optimization. But for us it’s about an able skilled force. "The government is promoting research and development (R&D). Innovation is a priority and we’ve seen this echoed in the Industrial Strategy in the Bangalore Tech Summit 2018 and hope to see increased incentives, innovation to boost the technology industry and the Indian economy. India will be best placed globally if we focus on supporting the skilling needs of small and mid-sized businesses of today so that they become some of the world’s biggest companies of tomorrow.
Kalyan B, Solutions Architect Amstar Technologies on 2018: The Year of Data Protection There is no denying that 2018 has been the year of data protection. The first half of the year saw the introduction of the new technology regimes with strict protocols on data. So it comes as no surprise that the rest of 2018 followed suit. While few businesses spent the first half of the year preparing for the enforcement data researching what they need to do to protect their clients. This year also saw one of the biggest data breaches ever in March, when it was estimated that 50 million Facebook profiles were harvested for Cambridge Analytica. This could have impacted both the US election and Brexit referendum results. The biggest attack ever recorded also happened in 2018, knocking GitHub offline. These would not have happened had there been a secure server and strong skilled force. These attacks not only have the potential to take your site down but if you don’t have the right mitigation in place, they also have the potential to knock your whole business offline. All of this combined highlights how integral data is in the modern business world. Yes as we are heading into 2019, we don’t have any new legislation looming for data protection. But the focus should still be on maintaining the best possible data security practices with a skilled staff to handle data breaches if any. If you’re not sure where you stand with your data ahead of the New Year, contact your hosting provider to talk through your options. Any reputable company will support you through that journey and we are here to assure you of that.