PITG Aims to Triple Revenue in Next FY

Appeared in itvarnews.techplusmedia.com | 30 May 2022
by Rajarshi Bhattacharyya, Chairman and Managing Director

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Rajarshi Bhattacharyya, Chairman and Managing Director, ProcessIT Global, aims to triple their revenue in the next financial year as he shares his top focus areas to be access governance, privilege access management, next-generation SoC, UVA, XDR, ops base, automation, and application performance monitoring.

What are the recent trends in the cybersecurity industry?

The trend is right now going in terms of identity access and governance, and privileged access management. We are looking at next-generation security operation centers which will incorporate red security orchestration and operations. We are also looking at XDR, which is the extended detection and response piece. You have these areas which look at application-level security, data security, and Intel cyber resilience or strike strategy. It is based on the NISD 1.1 framework which talks about the five key pillars of strength – identify, protect, detect, respond, and recover.

What is the USP of ProcessIT Global?

ProcessIT Global provides an end-to-end service delivery that starts from advisory and consulting, design and implementation to operations, maintenance, and audits. It is a one-stop solution providing end-to-end combat to accelerate our customers’ cyber security journey as well as digital transformation initiatives around AI ops and cybersecurity. We have created our IPS around faster implementation delivery. The most important piece in cybersecurity is how you manage, monitor, and maintain it and that’s exactly where we differ from the rest of the vendors.

What gaps are still there in cloud security and data protection and how can we overcome them?

Today you have products and technologies which take care of probably 99.99 percent of the security concerns of any organization, whether they have a cloud strategy or not. But the problem lies in terms of implementing, maintaining, and monitoring it. A lot of organizations today fail because there are gaps thatarise because of the employees and partners. The cybersecurity approach must be all-encompassing. Even the partners who are coming on board, also need to abide by your cybersecurity programs.So, you must have frequent cybersecurity training. It is now an ISO mandate as well. You must do that very diligently and meticulously and that is where your success lies.

What are your top tech priorities for the next couple of years?

The top priorities will be identity access governance, privilege access management, next-generation SoC, UVA, and then XDR followed by service management automation. Then it is automation and application performance monitoring as well.

Do you have any expansion plans for now?

We plan to expand and grow both organically and inorganically. We are present across India. We do want to grow the footprint from a business standpoint and triple our revenue in the next financial year.

What is your outlook for the industry in 2022?

The cybersecurity services piece portfolio probably will go on the northern side at a CAGR of more than 20 percent. Considering the Data Security Council of India’s papers, as we speak, in 2022 it is close to around $7.5 billion and it’s going to expand to a $13.5 billion cybersecurity services industry, which is phenomenal. So, that is the growth that we are looking at globally.

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