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L.N. Revathy

Coimbatore, Sept. 30 Cisco is increasingly focusing on the regulatory compliance technology market in India.

In a telephonic interaction with Business Line, its Vice President (IT Services), Mr Sunil Lalvani, said Cisco saw huge opportunity because of the lack of awareness about regulatory compliance technology and the low adoption levels.

“CIOs/CEOs look upon regulatory compliance as a competitive differentiator over their peers in an emerging low-cost destination,” he said.

A recent industry survey on the level of compliance programme implementation revealed that the Indian average at 18 per cent was much lower than the APAC average of 42 per cent and lagged Japan and Singapore at 56 and 52 per cent respectively.

“With more than 68 per cent of companies agreeing to implement compliance initiatives as they see business benefits, there is an uptake in the awareness level,” he said.

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