In the Future of Networking Global Survey 2017 conducted by American IT company Riverbed, it was concluded that India topped the list of those concerned over outdated networks, followed by the U.S. and Brazil.
The global average of the survey was 69 percent.
India is the most concerned about their older hardware components and software applications that are holding them back from effectively using cloud technologies.
The report said that:
Cloud computing is the ability to deliver on-demand computer resources over the internet on a pay-per-use basis. This technology helps companies to cut down on hardware costs, while simplifying access and processes.
Indian companies are making a marked shift away from conventional technologies and toward digitalisation. In 2017, average IT budgets in India are growing 10.7 percent, according to research and advisory firm Gartner.
This number is nearly five times the global average which is at 2.2 percent.
The concerns also come from the Indian financial system, as many ATMs in the country still majorly use the outdated Windows XP operating system. Paired with outdated technologies, they are more vulnerable to hacks.
Indian banks are also known for under-reporting cybercrimes.
