With the increasing global instability and overall digital maturity, cyber-attacks are also evolving and becoming more intelligent with their approach. Proactive cyber resilience requires a 360-degree approach to enable business acceleration by preparing for, protecting against, and recovering from cyber threats.
How was the year 2022 for Micro Focus in India?
2022 has witnessed continued traction for digital adoption from all sectors mainly the public sector, smart cities, and BFSI. Micro Focus has collaborated with the central and state governments in India on several smart city projects to digitize citizen services and infrastructure management services. We work majorly on most of the smart city projects in India. We are also present in large-scale transformational Digital India projects such as BharatNet and data centers throughout the country which help facilitate and improve Citizen Services under various programs.
Additionally, we have also seen an increased amount of traction with GIC’s for our application testing and cybersecurity solutions. We have been instrumental in enabling several customers in public sectors, BFSI, GIC and manufacturing segment test and scale seamlessly with our performance and application testing as well as application lifecycle management offerings while also helping them consolidate multi-cloud and on-premises operations, speeds up provisioning, and achieve management consistency with our IT Operations Management (ITOM) offerings, in particular the HCMX offering which fosters a culture of financial responsibility. Improves decision-making with intelligent insights. Our new offering Value Edge is a SaaS platform for pulling maximum value through a digital value stream (DVS) with maximum efficiency, visibility, and agility. We are also seeing an increased adoption of cloud-based cybersecurity solutions across verticals therefore increasing the demand of our Enterprise Security Manager tool ArcSight. While doing this our Application Modernization offerings have helped the BFSI segment in driving the modernization efforts for legacy applications by bridging them with modern technology creating new value from IT investments.
We are also focused on our existing customers introducing new ways to work and supporting them throughout the pandemic. Our broad portfolio of enterprise software products and services has had a great run and has enabled enterprises to accelerate, simplify, strengthen, and analyze their core operations. The present year has been instrumental in many aspects. In the digitally advanced era, organizations need to move fast without disrupting business continuity. DevOps, cloud-native design, open-source tooling, and microservices have pushed software development and delivery forward. The rapid technology adoption led to focus shifts to leverage emerging technologies like AI/ML and cloud solutions. Digital acceleration has provided opportunities for business to re-align their operating frameworks to the changing landscape
There was massive adoption of cloud computing and at the same time cyber security breaches what was the play of Micro Focus?
With the increasing global instability and overall digital maturity, cyber-attacks are also evolving and becoming more intelligent with their approach. According to Forrester, Australia, India, and Japan are the most cyber-attacked nations in Asia, overtaking North America and Europe. Malware and insider threats remain the key form of cyberattack in India making third-party security extremely crucial. This will increase technology demands and the need for tools for risk assessment, supply chain mapping, real-time monitoring, and ensuring business continuity. Forrester reveals that 55% of SOCs report their organizations have experienced threats involving third parties or supply chains over the last year. Proactive cyber resilience requires a 360-degree approach to enable business acceleration by preparing for, protecting against, and recovering from cyber threats by detecting the changing risk surface and evolving the capability to address the same. Proactive cyber resilience helps businesses thrive and stay relevant even during adverse situations.
CyberRes by Micro Focus has Galaxy, a platform designed to help CISOs, help accelerate trust, reliability, and survivability during times of adverse conditions, crisis, and business volatility
What were the market challenges for you this year?
The pandemic underlines a learning curve for every business particularly the importance of building a resilient workforce. The new reality that technology leaders stand before is the adoption of a cloud-based platform that can create efficient IT teams, contribute to workforce productivity, and resolves the new-age challenges head-on. IDC predicts that by 2024, over 50% of enterprises will switch traditional operational models with cloud-centric models for superior business outcomes. organizations. As we move forward in the digital world, IT teams are now more focused on the adoption of Cloud Native Platforms (CNPs) to reinforce their hybrid infrastructure. The industry realized the need for applications to be hardened and fortified before being deployed in the cloud. DevSecOps for example became more crucial as CIOs have prioritized ensuring security and eliminating risks during the application development process. To suit the demands of the evolving digital landscape, automation in DevSecOps has over time eliminated coding oversights and data breaches. Though the aftermath of the pandemic left us reeling from a country wide economic downtime, the industry today has been able to get a head start on what exactly is required and striving for it in the most cost-effective manner.
How do you want to close this year?
The pandemic working habits have accelerated digital transformation and customers’ need for niche technologies has also increased exponentially. For helping businesses embrace this digital infrastructure, partners would play a pivotal role in providing the right solutions and products to ensure increase in return on investment for the customers. As a channel-focused enterprise, Micro Focus continues to work towards expanding the partner ecosystem through various initiatives and programs. There would be an increased collaboration with our channel community to provide end to end solutions to customers relevant to their domains. With a focus on safeguarding existing revenue models and achieving new business goals, we strive to deploy solutions to address every issue of our customers and deliver a highly differentiated value proposition.
Micro Focus plans to continue to invest in building the digital and cyber resilience capabilities of our consumers and partners. We have recently introduced Micro Focus Partner Boost Program specifically in the APJ region to make collaboration with Micro Focus easier with high profitability in India.