Consultants’ Corner A Bi-Monthly e-Journal from

Issue 98 | Pages 1 – 12 December 2015-January 2016

Current IT Trends

In this Issue

Consultants’ Corner 2

From the Editors

3 Consultants’ Corner

Information Security (IS) has been in the center of

attention last few years and many of legislations

across the world have in the recent times started

focusing on the ‘corporate governance’

responsibilities (read as ‘board or top level’). Even

the Companies Act 2013 has both directly and

indirectly increased the ‘strategic’ responsibility. The

amended Information Technology Act, 2000 also has

substantially increased the responsibilities at

organizational and executive levels.

The statutory importance on the one side, let us look

at the way the commercial and political world is

moving in the recent times. The story of ‘Target’

chain of stores in the recent times in the US has

brought about a major revolution in the information

security thinking. Target had all the classical security

measures in place, with well-trained executives. But

in spite of all that there was a major security breach.

Several thousands of clients’ credit card information

was breached. The story they tell is of an alert

system, installed to protect the bond between

retailer and customer, that worked beautifully. But

then, Target stood by as 40 million credit card

numbers and 70 million addresses, phone numbers,

and other pieces of personal information gushed out

of its mainframes!

In the political world, the Paris attacks shocked the

world, the war is overwhelmingly coming into our

homes and the intelligence experts fear that this is

just the beginning. The ISIS knows how to spread his

message, none of the other terror outfits in the past

were able to organize themselves to make such an

effective propaganda. Each media is masterfully

handled by terrorists - social networks, instant

messaging apps, gaming platforms and forums

hidden in the darknet. So we are moving from just

cyber-attacks to cyber terrorism!

When you're doing something you love and

are drawn to it, you want to do it all the time.

- Ra Paulette

Dr. R S Murali

can be reached at muralirs@magc.in

Big data is a term that refers to data sets or

combination of data sets whose size (volume),

complexity (variability), and rate of growth (velocity)

make them difficult to be captured, managed,

processed or analyzed. The Data sets are so large and

complex that they are impractical to be managed

with traditional software tools.

When big data is effectively and efficiently captured,

processed and analyzed, organizations are able to

gain a more complete understanding of their

business, customers, products, competitors, etc.

which can lead to efficiency improvements, increased

sales, lower costs, better customer service, and/or

improved products and services.

For example, retailers can track user web clicks to

identify behavioral trends that improve campaigns,

pricing and stock. Utilities can capture household en-

ergy usage levels to predict outages and to incent

more efficient energy consumption. Governments

and even Google can detect and track the emergence

of disease outbreaks via social media signals. Oil and

gas companies can take the output of sensors in their

drilling equipment to make more efficient and safer

drilling decisions.

Understanding and Utilizing Big Data – It is a

daunting task for most industries to understand

the data that is available to be used, and

determining the best use of data based on the

industry, strategy, and tactics. These analysis

need to be performed on an continuous basis as

the data landscape changes at an ever-increasing

rate

contd on next page

The greatest gift that you were ever given was

the gift of your imagination.

- Wayne W. Dyer

4 Consultants’ Corner

Deepak S

can be reached at deepak@magc.in

Sleeping is no mean art: for its sake one must

stay awake all day.

- Friedrich Nietzsche

5 Consultants’ Corner

Beauty is not in the face; beauty is a light in

the heart.

- Kahlil Gibran

6 Consultants’ Corner

Do what you love, and don't stop until you get

what you love. Work as hard as you can. Im-

agine immensities.

- Debbie Millman

Gopal Agarwal

can be reached at gopal@magc.in

7 Consultants’ Corner

Progress is impossible without change, and

those who cannot change their minds cannot

change anything.

- George Bernard Shaw

Babu R Prasad

can be reached at babu.p@magc.in

Knowledge Capsule Governance & PFM

8 Consultants’ Corner

When we are no longer able to change a

situation, we are challenged to change

ourselves.

- Viktor E. Frankl

contd on next page

9 Consultants’ Corner

Praveena K R

can be reached at praveena@magc.in

10 Consultants’ Corner

Birthday wishes

Ashok Rao - 11th Jan

Suresh C S - 19th Dec

U Shrikantha Maiya - 2nd Jan

Happy Married Life!!!

.

11 Consultants’ Corner

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