Consultants Corner December 2015-January 2016

Consultants’ Corner A Bi-Monthly e-Journal from

Issue 98 | Pages 1 – 12

December 2015-January 2016

Current IT Trends

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Consultants’ Corner

In this Issue

From the Editors

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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

Dr. R S Murali

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

can be reached at muralirs@magc.in

- Ra Paulette

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Consultants’ Corner

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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 energy 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.

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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

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The greatest gift that you were ever given was the gift of your imagination.

- Wayne W. Dyer

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Consultants’ Corner 

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Sleeping is no mean art: for its sake one must

Deepak S

stay awake all day.

can be reached at deepak@magc.in - Friedrich Nietzsche

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Consultants’ Corner

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

- Kahlil Gibran

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Consultants’ Corner

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Gopal Agarwal can be reached at gopal@magc.in

Do what you love, and don't stop until you get what you love. Work as hard as you can. Imagine immensities.

- Debbie Millman

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Consultants’ Corner

Knowledge Capsule

Governance & PFM

Progress is impossible without change, and

Babu R Prasad

those who cannot change their minds cannot change anything.

can be reached at babu.p@magc.in

- George Bernard Shaw

Consultants’ Corner

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When we are no longer able to change a situation, we are challenged to change ourselves.

- Viktor E. Frankl

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Consultants’ Corner

Praveena K R can be reached at praveena@magc.in

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Consultants’ Corner

Happy Married Life!!!

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Birthday wishes

Suresh C S - 19th Dec

U Shrikantha Maiya - 2nd Jan

Ashok Rao - 11th Jan

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