The IT industry in India is growing rapidly, and today, India is leading the world in information technology. Concerning the future of IT in India, surveys and studies have indicated that the Indian IT industry will grow leap and bounce in upcoming years. This write-up will discuss the advancements that will shape information technology’s future in India.
The last few decades have witnessed a tremendous improvement in technology that has changed the entire world. Today, we have a variety of devices and resources that has enabled us to access any information within a few touches. If everything goes at the same pace, in the next 10 years, technological innovations will revolutionise the world. So, it is vital for stakeholders in IT companies to utilise futuristic technologies in their business to maximise the benefits.
Here are some technological advancements that will be the future of IT in India.
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Artificial Intelligence & Robotics
Niti Aayog has estimated that artificial intelligence will contribute around 1 trillion USD to the Indian economy by 2035, and these numbers show the monetary potential of this advanced technology. AI has the ability to alter business strategies in a whole new direction. AI is expected to take over the market with automated cars, innovative learning techniques, and customised remedial facilities.
On the other hand, robotics will make our easier and more luxurious than ever. Many industries such as manufacturing, packaging, automobiles and pharmaceuticals have adopted robotics to make their processes automated, speedy and error-free. At the same time, defence is a promising field optimistically looking towards it. So, the future of IT in India depends mainly on innovative technologies like AI and Robotics.
Internet Of Things (IoT)
A report from Markets And Markets says that the global IoT market has grown from over $170 billion in 2017 to over $560 billion in 2022. The Internet of Things has constructed a worldwide network of billions of people across the globe.
In the next couple of years, we will see sensors chipped in machinery and devices to enhance different industries’ security, accuracy, and efficiency. A majority of the Indian and foreign investors are also planning to increase their IoT spending in India in the upcoming years. Hence, we can say that the Internet of Things has the ability to shape the future of IT in India.
A few decades ago, augmented reality was considered science fiction. But IT advancements have made it possible. Now, AR technology is available on many smartphones, and soon it is expected to expand its wings in industries like navigation, architecture, defence, education and more.
The technology will help businesses to offer an interactive customer experience. As per experts, India is one of the most suitable places for developing and implementing this advanced technology. Different aspects of AR and VR technology will play a significant role in the future of IT in India. Many market surveys have indicated that the Indian retail industry is curious to adopt the different aspects of augmented reality and virtual reality to enhance customers’ shopping experiences.
India At The Top of Global IT Market
As a country having the most IT professionals and engineers in the world, India is still producing around 1.5 million engineers per year, and these numbers are only growing day by day. India is a global leader in the IT outsourcing market, including the best tech talent pool. Data that says India has captured around 55% of US sourcing business verifies this fact; you can get more info on the Indian outsourcing market here, a complete guide on outsourcing in India.
There are more than 1000 Indian delivery centres across 80 countries and thousands of start-ups and tech agencies are popping up every year with the newest technologies and products. Therefore, the future of IT in India seems to become better and better day by day.
India has shown great resilience during the covid crisis and led the world in the fight against coronavirus. The digital transformation across the industries has allowed businesses to operate remotely and maintain productivity and workflow, thanks to Indian IT infrastructure. With technological advancements and innovations, we hope the Indian IT industry will continue to provide much-needed support to the nation to stay strong during the upcoming challenges.