Dataquest - - CONTENTS -

India is set to be­come a $1 tril­lion dig­i­tal econ­omy by 2023, via var­i­ous gov­ern­ment ini­tia­tives, such as Aad­har, GSTN, Bhim etc. There will be a JAM Trin­ity — Jan Dhan – Aad­har – Mo­bile — to en­able digi­ti­sa­tion across in­dus­tries. The In­dian IT in­dus­try cur­rently has over 17,000 firms. There are 1,000+ are large firms, with over 50 de­liv­ery lo­ca­tions.

Now, FY 2019 has al­ready seen so­cio-po­lit­i­cal events like the bud­get, in­dus­trial slow­down, global trade con­flicts, elec­tions, etc., all of which has im­pacted the in­dus­try to vary­ing de­grees. There are pock­ets of growth largely due to demand from tier 2 and tier 3 cities and the adop­tion of hyper­con­verged in­fra­struc­ture.

Busi­nesses must do more than dig­i­tally re-in­vent them­selves. It will take more than tech­nol­ogy and busi­ness to achieve growth and suc­cess. The mar­ket is cur­rently stag­nant. How­ever, cer­tain cat­e­gories within the PC in­dus­try (e.g., Pre­mium, Gam­ing, Ul­tra Slim etc.) are wit­ness­ing growth. It is im­por­tant to in­no­vate and launch prod­ucts that suit the de­mands of the new-age con­sumers.

The tra­di­tional mod­els of busi­nesses are be­ing chal­lenged and new mod­els are evolv­ing. Across in­dus­tries, the or­gan­i­sa­tions are ac­tively em­brac­ing new dig­i­tal tech­nolo­gies. IoT, AI/ML, AR/VR, Big Data An­a­lyt­ics etc. be­com­ing a re­al­ity with use cases. One ma­jor de­vel­op­ment is the cloud, which has led to sev­eral tech­nolo­gies such as dat­a­cen­tre, cloud migration, hy­brid data man­age­ment sys­tems etc. There is tremen­dous growth in this area now, es­pe­cially with the govt rul­ing to keep all data in India.

Growth in the mar­ket is expected to be driven by ris­ing num­ber of gov­ern­ment ini­tia­tives. Over­all, the in­dus­try is set to grow at a fast pace and take India for­ward. Pradeep Chakrabort­y Edi­tor pradeepc@cy­berme­dia.co.in

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