Digitalization and cyberattacks go hand in hand

VARINDIA
প্রকাশিত: Jun 28, 2023
41 দর্শনসমূহ
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  • পরবর্তী আগুয়ান

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  • Increasing digitalization has led to costly and damaging cyber incidents

    The unprecedented growth of the Internet interconnections has led to a significant growth of cyberattack incidents often with disastrous and grievous consequences. Malware is the primary choice of weapon to carry out malicious intents in cyberspace, either by exploitation into existing vulnerabilities or utilization of unique characteristics of emerging technologies. The development of more innovative and effective malware defense mechanisms has been regarded as an urgent requirement in the cybersecurity community. Cyberattacks continue to flourish, it is because cyberattacks are cheaper, convenient and less risky than physical attacks. Cyber criminals only require a few expenses beyond a computer and an Internet connection. They are unconstrained by geography and distance. They are difficult to identify and prosecute due to the anonymous nature of the Internet. Having said that, attacks against information technology systems are very attractive, it is expected that the number and sophistication of cyberattacks will keep growing. Experts predict that global cybercrime will grow by 15% per year over the next five years, reaching $10.5 trillion annually by 2025. This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined.

    Digitalization has increased during the COVID-19 pandemic. The global use of services such as video conferencing has grown tenfold. As the use of digital tools increases, so does the amount of data created. The World Bank estimates that, by 2022, annual total internet traffic will increase by about 50% from 2020 levels, reaching 4.8 zettabytes. If you were to store 4.8 zettabytes on DVDs, your stack of DVDs would be long enough to circle the Earth six times. The pandemic has also shown us just how interconnected al

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  • Accelerated digitalization to be the key trend to watch across digital ecosystem

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  • Digitalization in Pharma Sector

    Reduction in the use of raw materials, human resources and time, as well as reduced risk for final products of low quality due to digitally automatized control steps, directly increase the profitability.

    The Indian Pharma sector is ranked third largest by volume in the global market and is currently valued at $41.7 billion and it is forecast to reach $65 billion by 2024 and $120 billion by 2030. Digital technologies like Artificial Intelligence, Machine Learning, 3D Printing, and Additive Manufacturing are helping Indian Pharmaceutical companies to step up R&D process, conducting tests in less time, improving efficiencies and compliances in manufacturing, and increasing profitability.

    Technology has helped in delivery of evidence-based healthcare, allowed self-monitoring of chronic conditions, increased compliance to medication and enhanced concordance between patient and pharmacists.

    Today pharma is recognised as a well-entrenched sector for our country’s economy and is anticipated to grow threefold in the decade. While it is expected to be a $65 billion industry by 2024. Digital transformation across the entire value chain was vital for enhanced patient care, greater transparency, cost-effectiveness, improved production and drug development.

    The growing affordability of exponential technologies such as those that enable AI is bringing cost-prohibitive tools to the mass market, reducing production costs and enabling the creation of more individualized products and services.

    Given the disruptive nature of these technologies, it will prove increasingly important for pharmaceutical manufacturing chains to be operationally agile. Informatic solutions that offer the versatility and scalability to extend capabilities as business needs change will give pharmaceutical manufacturers the best competitive advantage.

    According to the International Society of Pharmaceutical Engineering, #Digitalization, an important comp

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  • Digitalization helping Organizations to expand their business boundaries

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  • AI is used Towards Client AI Processing

    #Artificialintelligence is increasingly being used for client AI processing. This means that AI models are being trained and deployed on client devices, such as smartphones, laptops, and IoT devices. This has a number of advantages, including, Reduced latency, Improved privacy and Reduced bandwidth usage.


    Traditionally, AI processing has been conducted by massive clusters of servers in the cloud or data centers. This is because AI models can be very large and complex, and they require a lot of computing power to train and run.

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  • Can Google’s tools combat online misinformation

    #Google's efforts to combat misinformation are important because misinformation can have a negative impact on society. It can undermine trust in institutions, lead to violence, and harm democracy. By developing new tools and initiatives, Google is helping to make the internet a safer and more informed place for everyone.

    Google has recently unveiled three new tools to combat online misinformation:

    · About this Image: This feature, which was initially unveiled earlier in 2023 and is now available globally to English-speaking users through Google Search, provides information about images, including their history, descriptions by users, metadata, and clear indications if an image is generated by AI. Google's AI-generated images are also clearly labelled.

    · Fact Check Explorer: This tool allows journalists to verify images by tapping into information from independent organizations.

    · AI-generated source descriptions within the Search Generative Experience: This feature provides original sources and insights from reputable publications, which are accessible through the "More About This Page" section in search results.

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  • Increasing online Frauds

    Recent developments in the technology landscape, including the acceleration of automation, artificial intelligence, and the digitization of industries, are transforming the nature of work. These challenges have immediate and far-reaching implications for India's economy, society, and future prospects.


    The Tech Tsunami, characterized by rapid technological advancements, has the potential to drive unprecedented growth and innovation. However, if not harnessed effectively, it could lead to job shrinkage, job displacement and job reduction further leading to increased economic inequality.

    Today's Headline in NewsHours
    0:00 Intro
    3:07 Online gaming firms sent tax notices worth INR 1 lakh cr
    3:36 Government plans to introduce regulatory sandbox for OTT apps
    4:05 #Microsoft pulling the plug on its metaverse project
    4:33 #HMD Global to manufacture own brand of smartphones in India in 2024
    5:00 #TechMahindra’s CEO designate Mohit Joshi announces restructuring


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    Increasing online Frauds

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