Experts warn that cyber threats and risks are on the rise" title="Experts warn that cyber threats and risks are on the rise" />

In the digitally connected world, the significance of cyber security in entrepreneurship cannot be overstated, according to national security expert and cyber crime investigator Amit Dubey. Speaking at the inaugural session of a five-day immersive training workshop on ‘Data-driven Entrepreneurship to Catalyse Innovation’, Dubey emphasized the constantly evolving cyber threats and risks that pose significant challenges to businesses of all sizes.

Organised by the Indian Institute of Information Technology, Allahabad (IIIT-A), in collaboration with the Ministry of MSME, the event aimed to guide participants through various facets of data-driven entrepreneurship. Dubey shared his vast experience to stress the importance of recognizing and addressing cyber security threats faced by entrepreneurs.

Entrepreneurs today face a multitude of cyber security risks, from malicious hackers to data breaches, which can jeopardise their operations, reputation, and financial stability. According to Dubey, recognizing and addressing these threats is crucial for survival and growth in the digital age.

The consequences of a cyber-security breach can be devastating for entrepreneurial ventures. Aside from the financial implications, a breach can damage customer trust, tarnish brand reputation, and result in legal liabilities. Recovering from such an incident can be a daunting task, often requiring significant resources and time. It is essential for entrepreneurs to prioritize cyber security measures to protect their assets and ensure sustainable growth, as pointed out by Dubey.

Director in-charge of IIIT-A, Prof GC Nandi, highlighted the benefits and opportunities for growth in data-driven entrepreneurship. By leveraging data, entrepreneurs can gain valuable insights into customer behavior, preferences, and market demands, enabling them to create personalized offerings, tailor marketing campaigns, and optimize resource allocation.

With the guidance of Amit Dubey and a team of industry experts, the workshop aimed to provide a comprehensive understanding of how data can be harnessed to drive business growth and success. Participants were expected to explore various strategies, tools, and techniques to leverage data effectively and gain a competitive edge in the entrepreneurial landscape.

Principal co-coordinator of the event, Anurika Vaish, emphasized the workshop’s aim to ignite innovation by highlighting the power of data in entrepreneurial ventures. The event was designed to cater to aspiring entrepreneurs, business owners, and individuals interested in leveraging data to fuel their ventures, offering valuable insights and practical guidance to help navigate the data-driven landscape successfully.

With the participation of 20 budding entrepreneurs, the workshop provided an inclusive and interactive environment that encouraged learning and collaboration, according to Pragya Singh, head of the management studies department at IIIT-A. Such workshops are essential in equipping entrepreneurs with the knowledge and tools necessary to navigate and thrive in the digital business landscape, as highlighted by the expert opinions shared at the event. With cyber security threats on the rise, it is imperative for entrepreneurs to prioritize data-driven strategies and ensure robust cyber security measures to safeguard their ventures.

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