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Monthly TechNews Roundup: DX spending in India set to reach $85 billion by 2026, Oracle Opens New Cloud Region In Chicago, Cybersecurity Predictions for 2023 & more

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Clover Infotech brings to you a curated round-up of important technology updates for the month of December’22.

#1 Digital transformation spending in India set to reach $85 billion by 2026: Report

Overall digital transformation (DX) spending in India is likely to reach $85 billion by 2026, according to a report by International Data Corporation. The report shows that about 75 per cent of survey respondents indicated that they plan to spend more than what they have spent for DX initiatives in 2021, and another 20 per cent of the respondents maintain the same level of DX spending as in 2021…

#2 India’s public cloud market to reach $13 bn by 2026: IDC Report

The overall India public cloud services market is expected to reach $13.0 billion by 2026, growing at a CAGR of 23.1% for 2021-26 on the back of growing adoption of digital services and 5G rollout, according to research firm IDC (International Data Corporation)…

#3 Cybersecurity Predictions for 2023: Norton Labs

Norton, a consumer Cyber Safety brand of Gen released its top cyber trends to watch in 2023, emphasizing that the economy will have the greatest impact on the spread of cybercrime next year. Norton experts predict the pressures associated with economic uncertainty and rising costs will create the perfect environment for scammers to take advantage of people when they are more vulnerable…

#4 AWS to continue investing in India, create 48,000 jobs per year

AWS, e-commerce giant Amazon’s cloud computing subsidiary, will continue to invest in India and create 48,000 jobs per annum, despite global uncertainties as the country is the world’s largest open market for technology businesses…

#5 Oracle Opens New Cloud Region In Chicago

Oracle has opened its fourth cloud region in the U.S. for private and public sector partners and customers. This is the company’s 41st cloud region worldwide and joins an already existing cloud region for government organizations…

#6 India Cybersecurity Predictions for 2023: Palo Alto Networks

As per Palo Alto Networks’ latest ‘What’s Next in Cyber Survey,’ almost all APAC respondents admitted their organization experienced cybersecurity incidents and data breaches in the past year, 11 on average. In India, 48% of organisations experienced at least 3 – 9 cybersecurity incidents or data breaches in 2022…

#7 More Than 95% of Indian Organizations Plan to Increase DX Spending or Keep at the Same Level in 2023, IDC Finds

International Data Corporation ’s (IDC) India Digital Transformation (DX) Survey conducted in 2022 across 504 IT decision-makers of Indian organizations validates this trend. According to this survey, for 2022 and 2023, about 3/4th of the respondents indicated that they plan to spend more than what they have spent for DX initiatives in 2021, and another 20% of the respondents to maintain the same level of DX spending as in 2021…

#8 Tata Motors migrates dealer management system to Oracle Cloud

Oracle and Tata Motors today announced that they have migrated the automotive giant’s entire Dealer Management System (DMS) to Oracle Cloud Infrastructure (OCI). The migration of this system to OCI will help boost the operational efficiencies of Tata Motors with deeper business insights, greater security, increased flexibility, and cost optimization…

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