Today morning, Over a cup of coffee, when I was reading the business section of Times of India, I came across this interesting acquisition - Boeing acquiring a Cyber Security Technology firm.
I understand there is quite a lot of activity happening in cyber security space, given the fact that number of threats are increasing every day. But, I was thinking - why would a traditional OEM / aerospace manufacturer get into the business of cyber security?
Apart from aeroplane manufacturing, the other key business of Boeing is Defense, Space and Security Systems. There are couple of areas where Boeing is planning to use the technology.
- as a capability that can enable secure networking of ground, air and space products
- as a defense for Boeing's network
- as a capability that can be deployed across its business units
- The acquired company can open new markets to Boeing
Pls note that its not seen as an IT capability. It is a compelling business capability. Going forward, I would say companies would build/promote cyber security as an integrated business capability like legal, HR and physical security.
Boeing has been supporting Military/Defense space for decades. With the ever-increasing influence of Internet, the defense strategies are shifting from traditional 'hardware' weapons/equipments to 'emerging' 'software/IT' enabled solutions. That's a significant paradigm shift!
I have talked about this transition in my earlier blog post as well.
With more and more businesses evaluating ET-based solutions and Internet getting embedded into pervasive devices, the need for cyber security solutions is only going to explode!.