As global macroeconomic conditions worsen and funding slowdowns persist, Indian startups are reducing their spending on an essential tech business component – cloud storage. By renegotiating contracts with service providers like AWS and Google Cloud, many startups aim to manage their budgets more effectively, multiple startup founders told ET.
Several startup founders have reported that their companies have successfully slashed cloud expenses by 20%-30%. Some growth-stage startups, such as ecommerce platforms Meesho and Dealshare, have achieved even more significant reductions, cutting their cloud costs by 50% to control cash burn.
In response to these cutbacks, the top three cloud service providers – Amazon Web Services (AWS), Google Cloud Platform, and Microsoft Azure – are engaging in pricing wars to attract startups to their platforms during the current economic downturn.
Over recent months, AWS competitors have approached several startups, offering lower prices to entice them to switch providers. Founders confirmed that they have used pricing quotes from Google Cloud and Microsoft Azure to renegotiate discounted contracts with AWS, their primary cloud service provider.
Cybersecurity ecosystem
As global macroeconomic conditions worsen and funding slowdowns persist, Indian startups are reducing their spending on an essential tech business component – cloud storage. By renegotiating contracts with service providers like AWS and Google Cloud, many startups aim to manage their budgets more effectively, multiple startup founders told ET.
Several startup founders have reported that their companies have successfully slashed cloud expenses by 20%-30%. Some growth-stage startups, such as ecommerce platforms Meesho and Dealshare, have achieved even more significant reductions, cutting their cloud costs by 50% to control cash burn.
In response to these cutbacks, the top three cloud service providers – Amazon Web Services (AWS), Google Cloud Platform, and Microsoft Azure – are engaging in pricing wars to attract startups to their platforms during the current economic downturn.
Over recent months, AWS competitors have approached several startups, offering lower prices to entice them to switch providers. Founders confirmed that they have used pricing quotes from Google Cloud and Microsoft Azure to renegotiate discounted contracts with AWS, their primary cloud service provider.
Indian Cybersecurity Ecosystem to Demand One Million Professionals by 2025
The Data Security Council of India forecasts that the cybersecurity ecosystem will expand significantly, requiring nearly one million professionals by 2025. The demand for cloud security skills is expected to surge by 115% between 2020 and 2025, creating almost 20,000 job openings, according to Narayan.
Staffing experts believe that an extensive reskilling and upskilling exercise for the existing workforce is crucial for future-proofing the telecom sector.
With the rollout of 5G, Indian mobile phone operators are anticipated to at least double their investments in network security. The 5G rollout is expected to increase network vulnerabilities, making robust security measures critically important, especially for enterprises. However, building strong security teams is already proving to be a challenge for telcos.
“Even if we do not talk about 5G (specifically), the security talent in general in the country is very sparse at the moment. We need to get more (security) professionals in the system”
Bharti Airtel, for example, has been preparing for 5G roll out by upskilling its professionals and offering them certification courses such as CCNA (Cisco Certified Network Associate) and CCNP (Cisco Certified Network Professional). The courses are offered based on skill and eligibility level free of cost.
We didn’t invent the term “fools with tools.” Still, it’s a perfect definition for the practice of buying a stack of sophisticated cybersecurity technology that’s impossible to manage without an MSP or the budget of a Fortune 500 IT department.