• 0Shopping Cart
Avasant
  • NEW TO AVASANT?

    Sign Up
  • Management Consulting
    • Strategic Sourcing
    • Digital Transformation
    • IT & Business Transformation
    • Software Selection
    • Governance, Risk & Compliance
    • Global Development
    • Avasant Law
  • Industries
    • Aerospace & Defense
    • Banking, Financial Services & Insurance
    • Energy & Resources
    • Healthcare & Life Sciences
    • High Tech & Telecommunications
    • Media & Entertainment
    • Private Equity
    • Public Sector
    • Retail & Manufacturing
    • Social Impact Institutions
    • Travel & Transportation
  • Research & Data
    • Access Reports
    • RadarView™ – Market Assessments
    • Computer Economics™ – IT Metrics
    • Global Equations™ – Country Data and Index
    • Avasant Beyond
    • Coronavirus Resource Center
    • Avasant Labs
    • AvaMark™
    • AvaSense™
    • Strativa®
  • Benchmarking
    • IT Spending Benchmark
    • TCO and Spend Transparency Analysis
    • Staffing and Salary Benchmark
    • IT Infrastructure Services Benchmark
    • Digital and Application Services Benchmark
    • BPO Services Benchmark
    • Cloud Enterprise Agreements Benchmark
    • IT Software License Benchmark
  • Events
    • Event Calendar
    • Empowering Beyond Digital Experience 2021
    • About Empowering Beyond Events
    • Executive Spotlights
    • Partner With Avasant Events
  • Why Us
    • Vision and Values
    • Industry Recognition
    • Our Team
    • Avasant Fellows
    • Corporate Social Responsibility
    • Press Releases and Media
    • Avasant Foundation
  • Contact
  • Column 1
    • What We Do
      • Strategic Sourcing
      • Digital Transformation
      • IT & Business Transformation
      • Software Selection
      • Governance, Risk & Compliance
      • Global Development
      • Benchmarking
      • Avasant Law
    • Avasant Research & Data
      • Access Reports
      • RadarView™ – Market Assessments
      • Computer Economics™ – IT Metrics
      • Global Equations™ – Country Data and Index
      • Videos
      • Avasant Beyond
      • Coronavirus Resource Center
  • Column 2
    • Who We Serve
      • Aerospace & Defense
      • Banking, Financial Services & Insurance
      • Energy & Resources
      • Healthcare & Life Sciences
      • High Tech & Telecommunications
      • Media & Entertainment
      • Private Equity
      • Public Sector
      • Retail & Manufacturing
      • Social Impact Institutions
      • Travel & Transportation
    • Powered by Avasant Labs
      • AvaMark™
      • AvaSense™
      • Strativa®
  • Column 3
    • Why Us
      • Corporate Overview
      • Vision and Values
      • Industry Recognition
      • Our Team
      • Avasant Fellows
      • Corporate Social Responsibility
      • Press Releases and Media
      • Avasant Foundation
  • Column 4
    • Contact
      • Submit RFP
      • Regional Contacts
      • Careers
    • Event Calendar
      • Empowering Beyond Digital Experience 2021
      • About Empowering Beyond Events
      • Executive Spotlights
      • Partner With Avasant Events
  • LinkedIn
  • Twitter
  • Youtube
  • Facebook
Login
Login to get free content each month and build your personal library at Avasant.com

Forgot your password?
Reset Password
Enter email address to reset your password.

Back to Login
New to Avasant?
Click on the button below to Sign Up

Sign Up

Contact Us

  • Home
  • Access Reports
  • RadarView™
    Market Assessments
  • Computer Economics™
    IT Metrics
  • Strativa®
    Analytics
  • Global Equations™
    Location Intelligence
  • Avasant Distinguished Fellows
  • Request a Consultation
  • My Account

COVID-19: Enterprise Resilience Is Tested Like Never Before

October, 2020

Takeaways from Infosys Analysts & Advisors Meet, September 1-2, 2020

With the ongoing pandemic many stories emerged of resilience, responsiveness, and innovation, as many of us are forced to live in the future. People were asked to act against their nature and shift from a collaborative workplace environment to isolation at home, further blurring the lines between work and life. This led to a need to strengthen the digital muscle hinged around remote-first working, cloud acceleration, smart IT operations, and automated business operations.

Infosys seems to have already laid down the digital rail tracks which helped boost revenue and profit, reflecting resilience and adaptability of its business model in this time of crisis.

Digital acceleration holds the key to increase resilience

The ongoing pandemic has brought a sense of urgency to digital transformation. Implementation cycles have been shortened from years to days. Enterprises are facing pressure to increase resilience through improved use of the cloud, making better use of data, and securing an enterprise that suddenly has a very different perimeter than before the pandemic.

“Being Resilient. That’s Live Enterprise.” was the overall theme of Infosys executives at a virtual analyst and advisor summit held Sept.1-2, 2020.

Infosys CEO Salil Parekh highlighted how, in the last few years, the digital capabilities share per deal has grown.

“What we see today is more of a digital acceleration approach across the enterprise landscape. Large enterprises are leveraging digital more and more,” he said.

In the last two to three years, Infosys has gone through an internal transformation and focused on becoming a digital organization, with its digital share growing from 25% in FY2018 to 40% in FY2020. The major growth contributors include cloud, data, and experience. Since assuming the CEO role in January 2018, Parekh has set Infosys on a growth path by drawing out a three-year roadmap. Infosys Chairman Nandan Nilekani further emphasized the greater need for enterprises to go the digital route.

“One of the lessons we have learned in the last five months is that digital is more important than ever. We see a K-shape recovery where those companies and jobs that are digital have flourished, while those that have proximity to people have really been hurt badly,” Nilekani said.

He highlighted six technology trends that would define the workplace of the future: acceleration of cloud, adoption of open source, data and AI, cybersecurity, core modernization, and consumerization of experience.

Accelerating cloud transformation

Hybrid cloud and multi-cloud IT environments have become the norm in most enterprises, as per Avasant’s Cloud Platforms 2020 RadarView report released in July 2020. In fact, 80%-90% of Global 2000 enterprises already have a hybrid IT environment, while more than 60% manage more than one cloud.  The challenge is optimizing complex cloud-centric environments, both in terms of application performance and overall cost.

Ravi Kumar, President and Deputy COO, Infosys, highlighted that the cloud eco-system is fragmented and ripe for orchestration.

“Cloud is an ecosystem that we all have to orchestrate. There are hyperscalers, private cloud companies, innovators, and infrastructure companies which all come together to power the value of cloud,” Kumar said.

To address this need, Infosys introduced Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey. It offers over 14,000 cloud assets, over 200 industry cloud solution blueprints and a thriving community of cloud business and technology practitioners to drive increased business value. With Infosys Cobalt, regulatory and security compliance, along with technical and financial governance comes baked into every solution delivered.

According to Saju Sankarankutty, VP, Delivery Head, Cloud & Infrastructure Services at Infosys, “The Polycloud Platform, part of Infosys Cobalt, enables enterprises to procure, build, and manage cloud solutions across multiple hybrid cloud providers.”

Priya Almelkar, Head of Digital Leadership, GlobalFoundries, shared her experience of how GlobalFoundries approaches hybrid cloud adoption by focusing on the small number of cloud providers with a capacity to scale globally. GlobalFoundries has already partnered with AWS for public cloud and is working on a private cloud foundational build. “First and foremost, the approach we are taking is to build a strong foundation of governance, business processes, and security,” Almelkar said.

Enabling resilience with data and AI

The rapid evolution of cognitive technologies is not only improving existing AI & advanced analytics solutions but also enabling newer and more complex use cases. Deployment of AI and analytics is rising in judgment-intensive and high business-value processes such as predictive and prescriptive modeling, adjudication, and customer experience enhancement. This is encouraging enterprises to undertake function- and enterprise-wide AI deployments. Some of the use cases include loan default predictions in banking and financial services, demand forecasting in utilities and resources, fraudulent claims in healthcare and life sciences, and inventory management in the retail and CPG segment.

AI is now an integral part of digital transformation blueprints. However, projects are struggling due to legacy environments and lack of implementation experience. Strategic partnerships with service providers are helpful for successful large-scale AI implementations.

Satish H.C., EVP, Head of Data & Analytics, Infosys, emphasized that data is enabling new experiences, products, innovations, business models, and ecosystems. “We manifest data across three horizons,” Satish said, “to drive discussions, to enable enterprise decisions in real-time, and to enable innovation.”

Many Infosys customers also participated in the virtual analyst event. One of those was DNB, a Norway-based financial services group. Aidan Miller, Chief Data & Analytics Officer, DNB, shared his perspective on the importance of data and digital and how it has become a critical capability in the pandemic.

“Social distancing has really fueled the acceleration of digital, especially in the financial services industry. There is increased need to leverage predictive analytics capabilities when it comes to data,” said Miller.

Securing the enterprise

Responding to COVID-19, tens of thousands of companies around the world have adopted work-from-home policies. However, as companies virtualize their systems and users access data remotely through personal devices and home networks, risk increases significantly. Adoption of emerging technologies, including 5G, robotics, and quantum computing, create a good opportunity for threat actors to orchestrate multi-fold attacks.

Since March, there has been an 85% surge in cyber-attacks, with data thefts and ransomware becoming a significant threat vector. In a way, this pandemic provides an opportunity for enterprises to reassess their IT infrastructure from the following perspective: identity and access management (IAM), AI-driven security operations, data containerization, mobile security, among others.

Raj Badhwar, SVP, Chief Information Security Officer, Voya Financial, shared how the threat landscape has evolved and highlighted aspects that need to be considered while redesigning the security architecture, engineering and operations, and incident response processes and capabilities:

  • Network activity: as people are working from home using VPN or VDI, one has to ensure this activity is secured and the traffic encrypted end-to-end.
  • Monitoring: for the security professional to make sure all the (on-premise and off-premise) internet traffic goes through a managed process (i.e. cloud proxy)
  • Defense services with paradigms like network access control (NAC) using constructs like application segmentation, network micro-segmentation, or dynamic app whitelisting.
  • Focusing lot more on hybrid identity and access management.
  • Data security, network security, cloud security, monitoring and response, data orchestration and automation, data management, and digital rights management.

Conclusion

We have seen a paradigm shift in the way companies are operating, engaging with their employees, and delivering on customer experience post-pandemic. Enterprises need to formulate a digital transformation blueprint that includes an organization-wide unified data strategy and digital roadmap, to lay the foundation for AI and analytics initiatives across business functions. As cloud becomes central to digital strategy, enterprises need to invest in realigning the hiring process, change management, and training to develop skills around cloud management, development, cloud brokerage, spend optimization, and automation.

Also, as the risk parameter is expanding significantly with the inclusion of next-gen technologies, it becomes imperative for CISOs to involve themselves in board-level decisions to proactively address cyber risks, data breaches, and financial losses. Enterprise leaders should be cognizant of the importance of strong, strategic cloud security initiatives.

To conclude, as enterprises invest in resilience tools, including automation, cloud, and cybersecurity, their strategic partnerships can help accelerate the digital journey and bring required stability, reliability, and resilience to their businesses.


Analysis by Gaurav Dewan, Research Leader at Avasant.


 

Related Reports

  • image 2019 04 24T15 11 21 438Z2 600x400 - Cybersecurity: From Reactive Defense to Proactive Digital Enablement

    Cybersecurity: From Reactive Defense to Proactive Digital Enablement

  • Robot working on chalkboard scaled 600x400 - The Digital Transformation Journey: Lessons from a CIO's Perspective Part Two: Approach to Your Digital Transformation Journey

    The Digital Transformation Journey: Lessons from a CIO’s Perspective Part Two: Approach to Your Digital Transformation Journey

  • Hybrid Enterprise Cloud Services 2018 RadarViewTM e1591109391365 600x400 - Hybrid Enterprise Cloud Services Radarview 2018 - Service Provider Profiles

    Hybrid Enterprise Cloud Services Radarview 2018 – Service Provider Profiles

  • Hybrid IT Environments The New Normal for Enterprises Infographic 600x400 - Hybrid IT Environments: The New Normal for Enterprises

    Hybrid IT Environments: The New Normal for Enterprises

DISCLAIMER:

Avasant's research and other publications are based on information from the best available sources and Avasant's independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.

 

Avasant Companies

  • Avasant LLC
  • Avasant Law LLP
  • AvaSense Inc.
  • Avasant Beyond

Contact

  • Contact
  • Privacy Policy
  • Terms of Use
  • LinkedIn
  • Twitter
  • Youtube
  • Facebook
Footer Logo
© Copyright 2021 - Avasant and affiliated companies
Intelligent Automation Tools 2020 RadarView™ PrimaryImages IAtools2020 - COVID-19: Enterprise Resilience Is Tested Like Never Before covid 19 conceptual 80x80 - COVID-19: Enterprise Resilience Is Tested Like Never Before Employee Centricity and Customer Experience Takes The Forefront
Scroll to top