Wipro opens Melbourne cybersecurity defence centre
As cyber attacks are becoming ever more sophisticated, new approaches to cybersecurity are evolving to combat them.
A report authored by Wipro earlier in the year highlighted the increasing challenges faced by the organisations surveyed. Some of the standout findings included the fact that 39% of those organisations have a dedicated cyber insurance policy in place, up 12% from the previous year. 90% have a security budget exceeding 8% of the total IT budget, demonstrating the increasing importance placed on cybersecurity. It’s a necessary investment, considering that on the other side of the coin, the year saw a 164% increase in the number of records exposed.
It’s a state of affairs that has led the Indian information technology and consulting business Wipro to announce the opening of the NextGen Cyber Defence Centre (CDC) in Melbourne, Australia, and its intention to open further sites in Australian cities.
Manoj Nagpaul, Wipro’s Senior Vice President, Head Asia Pacific, and Japan said: “We will offer our customers in the Australian market the ability to leverage our global experience, technical expertise and strategic cyber investments to secure their digital operations. Our CDC will be equipped with state-of-the-art technology enabled infrastructure with continuous security monitoring, a large pool of experienced security professionals and a global delivery model to achieve and scale highly secure integrated platforms.”
The aim is to fortify the digital defences of companies across a number of different industries, including frequent targets of cyber attack such as governmental organisations.
Raja Ukil, Senior Vice President & Global Head, Cybersecurity and Risk Services at the company, said: “The launch of the centre in Melbourne showcases Wipro’s commitment to leverage local talent and specialized expertise to cater to the cyber security needs of the region. The Cyber Defence Centre will enable customers to implement or expand capacities of their in-house services related to vulnerability management, threat intelligence, threat detection and incident response.”
Beyond Limits: Cognitive AI in APAC
Courtesy of current estimates, it looks like Asia-Pacific AI will be worth US$136bn by 2025. Its governments and corporations invest more money than the rest of the world in AI tech, the data of its citizens is considered fair game, and its pilots are small-scale and, as a result, ruthlessly effective. This is why, according to Jeff Olson, Cognizant’s Associate Vice President for Projects, AI and Analytics, Digital Business and Technology, the APAC region ‘is right on the edge of an AI explosion’.
Now, startup Beyond Limits is pushing the boundaries of what AI can do, mirroring humans in its ability to find solutions with even limited information. As of this July, it’s partnered up with Mitsui, a global trading and investment company, to expand its impact in APAC.
How Does Beyond Limits Work?
Most AI companies claim that they can help businesses make better decisions. But many need astoundingly large stores of data to feed their information-hungry algorithms. Beyond Limits, in contrast, takes a different tack. Perfect data, after all, is largely a pipe dream kept alive by PhD students. In reality, systems must often make decisions from small, incomplete sets of intel.
But Beyond Limits’ AI is no black box. ‘When little to no data is available, Beyond Limits symbolic technologies rely on deductive, inductive, and abductive reasoning capabilities’, explained Clare Walker, Industry Analyst at Frost & Sullivan. While making these leaps in logic, however, the system also keeps track, ensuring that humans can review the AI’s ‘thought process’.
Why Partner With Mitsui?
Beyond Limits is built for specific applications such as energy, utilities, and healthcare—but lacks the extensive industry network of Mitsui. Partnering allows Beyond Limits to access a portfolio of firms specialising in minerals and metals, energy, infrastructure, and chemicals. ‘We’ve been working on this deal for several years’, said Mitsui’s Deputy General Manager Hiroki Tanabe. ‘Mitsui’s global portfolio and Beyond Limits’ AI technology will...deliver impact’.
In the first test of that dramatic statement, Liquified Natural Gas (LNG) will soon deploy Beyond Limits’ new system. If everything goes according to plan, LNG will optimise how it extracts and refines energy, making money for both itself and investors—including Mitsui. This, in fact, is Mitsui’s strategy: go digital and don’t look back.
Why Does This Matter?
Forty-five percent of Asia-Pacific companies surveyed in Cognizant’s thought leadership ebook consider themselves AI leaders. Positivity bias, that oh-so-common tendency of humans to position themselves as above average as compared to others, strikes again. (Most small companies fail to launch successful AI projects on their own.) And partly, this is because firms fail to integrate AI with industry expertise.
‘A large part of the focus on talent for AI today has been getting the people who are strong in mathematics, AI, and technologies’, said Olson. ‘But where you make your money out of AI projects is when you apply them to your business’. In short: APAC nations looking for ways to bridge the gap might follow Beyond Limits and Mitsui’s playbook—coupling startup AI with a corporate network.