Latest IT Technology Updates
VARINDIA is positioned as the ultimate voice of the Indian value added resellers, addressinga $220 billion Indian IT industry and has earned its reputation as a one-stop destination for News related to ICT.
With the emergence of new age technologies we are witnessing how the latest top technology news updates is reaching to its core, not just as b2b but b2b2c as the business model is keeping the consumer at the centre and remaining customer obsessed. The last couple of years, it was a blockbuster growth year for the IT sector so also cyber security has become very important and especially for the consumers and businesses that every corporate is serving.
Almost 30 global companies have shifted their manufacturing bases from China to India and this is a clear testimony that the world has bestowed greater faith and confidence in Indian capabilities than ever before. We need to harness these opportunities and aim for very high goals.
The success of Freshworks, Postman, Zoho, and several other SaaS Start-ups are evidence that India has the talent to create the best-in-class software products. The global companies took note of the quality of the Indian education system and the availability of talent across disciplines - technology, management, operations, human resources and finance.
The Indian hardware market has seen a sharp growth with the demand surging for Laptops, smartphones becoming a necessity and the knowledge of using these devices became essential for everyone equally. To adhere to the social distancing norms, people’s reliance on e-commerce websites and mobile apps has increased multiple times. The pandemic was greatly unsettling, sure, but it has also opened up a whole new line of innovative thinking that’s a major step-up in realizing the 5 trillion dollar economy by 2025 that PM Modi had envisioned.
The global pandemic has certainly brought online education to the limelight. Technologies like Information technology, cloud, and cybersecurity, python for machine learning are some courses that have seen a huge demand during this time. Tech companies in India have created jobs, driven growth, and increased access to various resources, resulting in deteriorating poverty levels and enhanced lifestyles.
The uptake of technologies such as cloud, blockchain, internet of things (IoT) and artificial intelligence (AI) increased manyfold across industry verticals. The banking, financial services and insurance (BFSI), healthcare, retail and manufacturing verticals were at the forefront of ICT adoption this year, while government enterprises steadily expanded their technology competencies, driven by initiatives such as Digital India.
India has proposed to regulate cross-border data flows, setting up computing facilities within India to ensure job creation and a dedicated “data authority” in drafting the National e-Commerce Policy. The draft suggests that a legal and technological framework will be applicable to data collected from devices installed in public space, and data generated by users in India from various sources, including e-commerce platforms, social media, and internet search engines among others.
The draft policy bars “sensitive” data collected and processed in India and stored abroad from being shared with foreign governments and other business entities outside the country. The policy has suggested a three-year period for companies to set up data storage in India and advocated a review of the practice of not imposing custom duties on electronic transmissions.
Indian Value Added Resellers (VARs) have made great contributions for the technology to reach the last mile. Technology makes last-mile delivery efficient and improves the customer experience. Technology helps last-mile transportation solution providers to find out the best and most efficient route possible to deliver the products. It prevents the delay in delivering the package. This is possible with route optimization algorithms that ensure drivers use the least amount of time. And the resulting faster deliveries satisfy the customer, ultimately leading the business to grow.
There is a strong growth witnessed in the young, middle-class population, who have increased spending power, leading to a heightened domestic demand for electronic products. Currently, 40 percent of these electronic products are imported, leaving open an opportunity for increased domestic production. The most important is that the cloud emerged as one of the core technologies that enterprises across industry verticals turned to for transforming their business operations.
Improvements to consumer technology – including mobile and web applications – have caused a significant shift in buying behaviour and customers’ expectations. To stay ahead of the curve, delivery companies had to keep up with the rising demand. VARINDIA addresses the demand and supply gaps, through its Daily News hours.
Digital adoption has taken a quantum leap at both the organizational and industry levels. The fact is every company was prepared with the technology and infrastructure and the pandemic has given an opportunity to showcase the scale as the testbed. We have seen the results that the average Indian IT industry has grown by about 13 to 14%. And the world over the consumption of technology has grown by about 7 to 8%, even despite the pandemic.
Digital transformation means different things to different businesses. For some, it means taking an offline business and dragging it into the digital world, for others it can represent certain business processes from offline to digital.
Going forward, a significant rise in investments in automated solutions such as AI, ML and robotic process automation (RPA) is expected in 2022 as businesses will become platform-driven digital businesses.
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