Saturday, December 3, 2022

How the Pandemic Impacted the IT Strategies of Indian Enterprises

By Sudipta Choudhury - April 09, 2021 3 Mins Read

Around one-third of the Indian organizations use a cloud-based backup that a backup-as-a-service (BaaS) provider manages. This trend is expected to increase up to 58% by 2023, claims a recent study.

Nearly 64% of the Indian companies have accelerated their digital transformation plans to enable instant data capture, accelerate business outcomes, and lower processing time – reports Veeam India.

The global pandemic has generated uncertain market dilemmas that have had a significant impact on the IT strategies across Indian organizations. The “Veeam Data Protection Report 2021” indicated IT leaders seek fast results to address critical data protection needs.

The challenges around data protection are undermining the abilities of businesses to execute DX. About 58% of IT decision-makers noted backups are failing as well as leaving data unprotected. In fact, almost 40% of CXOs said COVID-19 induced economic uncertainty is a significant threat to their innovative projects for the next 12 months.

Also Read: Indian Infrastructure Software Market Revenue to Develop 12% in 2021

As per the study for most enterprises, the top technology concerns in 2021 are data protection, digital transformation, IT Modernization, data loss, cloud data management, and downtime impact. The top challenges projected to impact the Indian Inc. digital transformation are economic uncertainty (34%), followed by cyber risks (34%).

Some of the principal findings from the report are –

  • About 77% of organizations have an “availability gap” in how fast they can recover applications set against how fast they must recover them.
  • Around 69% of companies have a “protection gap” between how frequently the data is backed-up vs. how much information they can afford to lose after a cyber-attack.
  • Nearly 94% of organizations stated their existing digital transformation initiatives faced impediments. This involves major barriers to progress, including dependency on the legacy systems (63%), maintaining operations amid the pandemic (62%), and lack of skills in IT staff (56%).
  • Almost 98% of companies suffer unexpected outages, and another 35% have experienced outages (on more than a quarter of their servers in the last 12 months).
  • Over 35% of firms see the ability to conduct a disaster recovery via cloud service – as a defining aspect of the modern data protection.

Also Read: IT Leaders in India Plan to Increase Their Cloud Budgets in 2021

In India, about 24% of all backups are not restorable since companies noted that backup jobs ended with errors or were incomplete by the allocated time. The common reasons for IT outages experienced by the firms in the past two years are cybersecurity attacks (63%), application software outages (58%), and storage hardware outages (58%).

In this context, Sandeep Bhambure, VP and MD at Veeam India and SAARC, concluded – “Organizations also face tremendous IT challenges with respect to legacy systems and data protection. As the demands of a modern enterprise get complex, data protection and management must evolve to a higher state of intelligence across all environments.”

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Sudipta Choudhury

Marketing professional with experience in B2B and MR industry. Skilled in Marketing, Strategy Making, Copywriting and Content Creation, Sales, and SEO with excellent Communication Efficiency. Holding a dual master's degree focused on Marketing from IBS, Pune and ICFAI University.

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