# Business Intelligence Software: Maximizing Value and Protecting Data
Business Intelligence software helps organizations turn data into actionable insights, empowering users to make informed decisions. However, without the right approach to implementation, businesses struggle to maximize the value of these tools and achieve their goals. In this video, we explore how digital transformation provides a solid platform for collecting customer information and leveraging BI systems at every level of an organization. By connecting technology and machines, businesses can optimize production processes and generate real-time improvements.
But, as technology evolves, so does cybercrime. Cyber-attacks are on the rise, and businesses face the risk of sensitive data breaches. Investing in robust cybersecurity is crucial to protect valuable data generated by IoT and IIoT technology. According to research, cybercrime would rank as the world’s third-largest economy, just after the US and China. A survey by KPMG also reveals that 18% of CEOs see cybersecurity risks as the biggest threat to their organization’s growth.
With the increasing frequency of cyber-attacks, businesses need to have a comprehensive rapid-response capability to protect themselves. In today’s headlines, we discuss significant foreign direct investments in Indian startups, a data breach compromising millions of Indian Railways user records, the appointment of MeitY as the nodal ministry for the online gaming industry, a WordPress anti-spam plugin vulnerability impacting over 60,000 sites, and Apple Japan’s additional taxes for violating rules.
Stay informed with VARINDIA News Hour for the latest updates on business intelligence, digital transformation, cybercrime, cybersecurity, startups, Indian Railways, MeitY, WordPress, and Apple Inc. Remember to like, share, comment, and subscribe to our India News Magazine. You can also download the VARINDIA app from Google Play Store and Apple App Store. Visit our website [here](https://varindia.com/) to explore more.
Follow us on social media:
– [Facebook](https://www.facebook.com/VARINDIAMagazine/)
– [Twitter](https://twitter.com/varindiamag)
– [Instagram](https://www.instagram.com/varindia/)
– [LinkedIn](https://www.linkedin.com/company/14636899/admin/)
– [Pinterest](https://in.pinterest.com/varindia/)
– [Tumblr](https://varindia.tumblr.com/)
*Labels & Copyrights: VARINDIA, VARINDIA News Hour, Business Intelligence, digital transformation, Cybercrime, IoT, IIoT technology, cybersecurity, startups, Indian Railways, IRCTC, MeitY, WordPress Anti-Spam, Apple Inc.*
*Transcript:*
– Business intelligence is one of the pillars of digital transformation. Business intelligence isn’t confined to the big guys anymore; companies of all sizes can now turn disparate data into a plan of action. However, cybercrime threatens business growth.
– Business intelligence software helps companies shepherd the right data into analytical reports and visualizations, allowing users to make informed decisions. But without the right approach to implementation, organizations still face issues in maximizing value and achieving business goals.
– Digital transformation offers a solid platform of applications that make it possible to collect information on customers. The most successful organizations support their decision-making with BI systems at every level, generating competitive advantages based on valuable data.
– Technology connects not only customers but also all the machines that produce goods within a plant. Large amounts of production process data are collected through sensors, enabling intelligent systems to generate optimized production schedules and detect areas of improvement in real-time.
– The actual data collected and stored by business intelligence systems requires tangible cybersecurity to support operations. This ensures business intelligence operations become economically viable, respected, and better equipped to protect valuable yet sensitive data generated by IoT and IIoT technology.
– As technology evolves, so does cybercrime. Criminals capitalize on vulnerable security systems, and businesses face increasing cyber-attacks. Investing in robust cyber security is crucial for businesses to protect themselves against cybercrime.
– According to research, if cybercrime was measured as a country, it would be the world’s third-largest economy after the US and China. A survey by KPMG reveals that 18% of CEOs see cybersecurity risks as the biggest threat to their organization’s growth.
– Regardless of efforts to protect themselves, organizations continue to be subject to cyber-attacks. There is an ever-increasing need for a prepared and comprehensive rapid-response capability.
– In today’s headlines:
– Indian startups are expected to attract significant foreign direct investments in 2023, showcasing the strength of the Indian startup ecosystem.
– The Indian Railways recently suffered a data breach compromising over 30 million user records.
– MeitY has been appointed as the nodal ministry for the online gaming industry.
– Over 60,000 websites are impacted by a WordPress anti-spam plugin vulnerability.
– Apple Japan is charged with $98 million additional taxes for violating rules regarding duty-free purchases.
– Stay informed with VARINDIA News Hour for the latest updates on business intelligence, digital transformation, cybercrime, cybersecurity, startups, Indian Railways, MeitY, WordPress Anti-Spam, and Apple Inc. Download the VARINDIA app for more news and updates. Visit our website [here](https://varindia.com/) to know more.
Business Intelligence software helps companies by shepherding the right data into analytical reports and visualizations so that users can make informed decisions. But without the right approach to implementing these tools, organizations still face issues to maximize value and achieve business goals.
Digital transformation offers a solid platform of applications that make it possible to collect information on customers. The most successful organizations support their decision making with BI systems at every level, from strategies to daily operations, generating competitive advantages based on the use of valuable data.
Technology connects not only customers, but also all the machines that produce goods within a plant. Large amounts of production process data are collected through sensors, in such a way that intelligence systems can detect areas of improvement in real time and generate optimized production schedules.
The actual data collected and stored by Business Intelligence systems requires tangible cybersecurity to support business intelligence operations. In this way, business intelligence operations become more economically viable, respected, and better equipped to protect the valuable yet compassionate data generated by IoT and IIoT technology.
As technology advances and our use of it evolves, so does cybercrime and the way criminals capitalise on vulnerable security systems for their gain and cyber-attacks will only become more frequent. The reality is that the best way for businesses to protect themselves against cybercrime is to invest in cyber security.
An expert said, If cybercrime was measured as a country, it would be the world’s third-largest economy after the US and China, according to new research from the Cybersecurity Almanac 2022. As per the survey by KPMG among 500 CEOs, 18% said that cybersecurity risk would be the biggest threat to their organization’s growth through 2024 — up from 10% last year.
There is an ever increasing need for a prepared and comprehensive rapid-response capability, as organizations will continue to be subject to cyber-attacks regardless of their best efforts to protect themselves.
Today’s Headline in NewsHours
0:00 Intro
2:52 Indian startups to attract significant FDI in 2023
3:24 30 million Indian Railways’ user records compromised
3:58 #MeitY appointed as nodal ministry for online gaming industry
4:26 Over 60,000 sites impacted by WordPress Anti-Spam Plugin Vulnerability
4:57 #Apple Japan charged with $98 Million additional taxes for violating rules
Follow Us On :-
https://www.facebook.com/VARINDIAMagazine/
https://www.instagram.com/varindia/
https://www.linkedin.com/company/14636899/admin/
https://varindia.tumblr.com/
Visit on https://varindia.com/ to know more
Labels & Copyrights :- VARINDIA
Technology connects not only customers, but also all the machines that produce goods within a plant.