Five Focus Areas For India In Tech Next Year

The new year will likely see more policies to regulate the tech scene

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As 2023 winds up, technologists worldwide are focusing on what's in A will see a renewed emphasis on five areas where work has already begun; industry stakeholders echo that 2024 will be the year when generative AI begins to mature.

However, new areas and avenues will also start shaping how tech sectors are defined going ahead, leading to new opportunities for enterprises and vendor partners.

At the forefront of all tech trends is artificial intelligence (AI), and its subset, generative AI, or gen AI, was where all the focus was in 2023. Come 2024, most conversations are likely to be based on realizing real-world, practical use cases of gen AI. Speaking about its adoption, John Roese, global chief technology officer (CTO) at Dell, said: "While generative AI has sparked incredibly creative ideas of how it will transform business and the world, there are very few real-world, scaled generative AI activities. 2024 will see the first wave of generative AI enterprise projects reach maturity levels that will expose important dimensions not yet understood in the early phases." This would be crucial for India's information technology (IT) services industry, too. Brokerages say many service providers, which have struggled in FY24 to grow revenue and improve margin, could see gen AI start making a business impact in FY25. A 20 December investor note by brokerage firm Elara Capital cited global IT major Accenture's industry-defining $ 450 million generative AI sales to project that the upcoming year could signal generative AI becoming the "new growth driver" for the domestic IT services sector.