In line with the global counterparts, technological advancements and innovations are rapidly transforming the business landscape in India. The country is undergoing a phase of disruption and is expected to witness a massive digital transformation over the next few years.
While the digital adoption across sectors and verticals offers an enormous opportunity for companies that leverage the right technologies at the right time, here is a list of eight digital trends that you can expect in the foreseeable future, technologies and usages that will change the way business is done in India.
The coming of 5G
The high speed, ultra-reliable, low latency next gen network technology is poised to unleash several disruptive possibilities, which were earlier thought to be unrealistic and impossible. Many emerging technologies such as Artificial Intelligence (AI), Augmented Reality (AR), and Virtual Reality (VR) are all set to make faster inroads once 5G and 5G enabled technologies come to the forefront. In fact, 5G’s collective impact on India’s economy is estimated to touch a whopping USD one trillion by 2035.
5G is expected to have a deep lasting impact on India as new opportunities will open up a plethora of business possibilities, be it in the domains of transport and logistics, healthcare, education, smart manufacturing and smart cities. In fact, 5G is poised to be the core technology that will enable India’s digital transformation, by providing different types of services in India, such as rural broadband, enhanced broadband in urban areas, enabling smart cities through support for Internet of Things (IoT), and enabling critical communication through support for ultra-reliable low latency communication. It will also find widespread use cases in rural India, such as smarter crop management, disaster management, and education for all, just to mention a few.
In order to provide the much-needed impetus for faster implementation of 5G in the country, the government has established 5G High Level Forum (5G HLF). The institution, in its report, has made recommendations on various aspects including spectrum, trials, regulatory measures, standardizations, etc. for timely implementation of 5G in India. The telecom service providers (TSPs) are also excited about 5G’s immense potential and are conducting trials actively across the country.
With 5G and IoT/machine-to-machine (M2M) coming to the fore, more data flows will happen within networks and ecosystems. AI technologies will emerge to make sense of the big data, draw out insights by intelligently analysing the data, which will further contribute to adept data-based decision engineering by businesses. IoT, AI, machine learning and big data analytics will form crucial part of the entire business environment of tomorrow, which is not too far away.
Internet of Things
Even though India began its IoT journey late, the country’s installed base of connected units is expected to grow at a much faster rate; IoT units in India are expected to see a rapid growth of ~32X to reach 1.9 billion units by 2020.
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