Do you think the role of the CSO is no longer restricted to planning, in which case is there a risk of ambiguity/dilution of his responsibilities? In today’s blog post Guru Malladi, Partner, Advisory Services, EY India, highlights the evolution of the CSO to a CSIO and its importance in modern organizations.
To make our Companies Act more contemporary and relevant to corporates, regulators and other stakeholders in India and to effectively handle some of the present day challenges of a growing industry, Companies Act, 2013 (“2013 Act”) was enacted in August 2013- to significantly change the regulations as applicable to the Companies in India.
Due to increase in broadband penetration more and more companies are choosing online platforms to sell their goods and services. In the last 5 years Indian e-commerce market saw exponential growth. However, in order to make an e-commerce growth story a success, it is essential to protect it from various type of cyber threats like Personal identity theft, Spoofing, Phishing, Trojan, Virus and Malwares, etc.
Big Data is typically explained via 3Vs – Volume (2.5 Quintillion Bytes of data are estimated to be created every day), Variety (data from all possible source from structured to unstructured) and Velocity (tremendous speed of generating data due to increasing digitization of society).
In an ever intriguing debate on how much impact the New Companies Act has on the business leaders, the conservatives also agree on the need to have an increased level of diligence by the Boards/ CEOs to effectively discharge an array of direct responsibility that the act has imposed on them.
The media and entertainment industry has undergone a metamorphosis and has shifted beyond traditional mediums like print or analogue radio/TV, to encompass new digital formats.
The proliferation of internet and data analytics is changing the dynamics of patient-hospital interaction. People are now playing a commanding role in deciding the service type and delivery. As a result, hospitals need to be more patient-centric and service oriented.