Indian IT Sector: Resilient Through Multiple Technology Changes

Indian IT Sector: Resilient Through Multiple Technology Changes

Living in the Era of Technological Pervasion

The share of technology in every product is increasing, and this expansion is leading to the creation of new kinds of services. Devices are becoming connected, autonomous vehicles are coming for last-mile delivery, 3D printing is disrupting the health care industry, and robots and 5G are becoming reality. Collectively, this is resulting in technology becoming central to every industry — and in the coming years, we will see new usecases emerge as artificial intelligence (AI) creates new possibilities for personalization, monitoring and marketing. It will also create new challenges around how to access, regulate and secure data.

 

Manufacturing Industry: industrial manufacturers are joining their counterparts and looking for connected machineries with sensors. Except for a shift from mass production to customization, the primary objective of this new technological integration is to enable real-time data monitoring and generate analytical insights, which can allow the exchange of critical data with other machines and computer networks on a real-time basis via cloud infrastructure.

 

Cloud Computing: As the primary choice for handling large quantities of data, the cloud is increasingly becoming an indispensable part of the enterprise IT infrastructure. IT-BPM (business process management), e-commerce, communication and media have been the leaders in cloud adoption, which is highly visible in multiple enterprises’ processes for faster and better management of workflow.

 

Robotics: As the primary choice for handling large quantities of data, the cloud is increasingly becoming an indispensable part of the enterprise IT infrastructure. IT-BPM (business process management), e-commerce, communication and media have been the leaders in cloud adoption, which is highly visible in multiple enterprises’ processes for faster and better management of workflow.

 

Global Shortage of Key Digital Skills: With more than 8,000 firms and 2,000 digital-focused startups, and nearly 600,000 digitally skilled workers from its 4 million IT sector employees, India has fast been evolving as the digital partner for various industries across the world. According to research conducted by Goldsmiths, University of London, and Automation Anywhere, India leads developed countries such as the United States, the United Kingdom and Japan in terms of deployment of AI-based and RPA-based technologies, especially in the BFSI and manufacturing sectors.

 

Opportunity for Indian IT Companies: High operating margins, cash generation and return on invested capital have underlined the IT services business. As IT keeps moving up the value chain, it is unlikely that the quality of financial metrics will wane anytime soon. Moreover, they have set the bar higher in terms of payback to shareholders.