View from India: Digital shift creates economic opportunity

Comment View from India: Digital shift creates economic opportunity Investments in intelligent process automation, touchless experience and public safety are likely to increase. Innovative business models are expected to emerge from this, along with new trends in the tech world. Skill for better incomes Large scale digital transformation spurred by the pandemic continues across industries, prompting companies to migrate to cloud-based models from the traditional server-based ones. Hence there’s a felt need for professionals to handle cloud-based skills, be it data analytics, AI or DevOps (a portmanteau of development and operations). Those companies that deploy AI-ML (artificial intelligence and machine learning) prosper, while those that don’t probably perish. Development tool and product design are enablers for topline and bottomline growth of companies. Seen futuristically, there could be bountiful opportunities in virtual reality and voice recognition. A digitally trained agile and creative workforce is required as organisations increase their digital investments. Had it not been for the pandemic, the digital transformation would have spanned out through this decade. A pandemic outcome is that the already digitally updated companies have gone that extra mile to enhance security systems and improve connectivity. Probably we could look forward to investments in security systems […]

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