Apac
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    Networking

    PropTech

    Remote Work

    Scheduling Software

    Simulation

    Startup

    Storage

    Wireless

  • Banking

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Healthcare

    Insurance

    Legal

    Manufacturing

    Pharma and Life Science

    Retail

    Travel and Hospitality

  • CISCO

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Content Management System

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Enterprise Architecture

    Enterprise Communications

    Enterprise Contract Management

    ERP

    Field Service

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    Product Management

    RegTech

    Revenue Management

Menu
    • IT Services
    • Cognitive
    • Digital Transformation
    • E-Commerce
    • Blockchain
    • RegTech
    • IT Service Management
    • Augmented Reality
    • Microsoft
    • Managed Services
    • Collaboration
    • Healthcare
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • IT Services
    Editor's Pick (1 - 4 of 8)
    left
    Service Organisations Make Great Places To Work, And Deliver Better Value

    Matthew Perry, CIO, Orora Limited [ASX: ORA]

    Building BPAY Group's New Digital Foundation

    Angela Donohoe, Chief Information Officer, BPAY Group

    What Does it Take to be a Banker of Tomorrow?

    Osman Faiz, Chief Information Officer, Singapore, Standard Chartered Bank

    Establishing a Strong, Future - Ready IT Infrastructure

    Voranuch Dejakaisaya, CIO, Bank of Ayudhya (Krungsri)

    CIOs must Ensure Systems are Dynamic, Accessible and Continuous

    Zeeshan Sheikh, CIO, Entergy Corporation

    Transitioning from CIO to CDO

    Bruce Coller, CIO, Sir Moses Montefiore Jewish Home

    Adoption of Smart Technology for Responsible Gaming

    Yeo Teck Guan, Group CIO, Singapore Pools

    What Digital means to a CIO

    Geoff Wenborn,

    right

    Opportunities for India in the Digital Economy

    By V C Gopalratnam, CIO APJ, Cisco, SeshTirumala, VP, Cisco, Plamen Nedeltchev, Ph.D., DITE, Cisco

    Tweet
    content-image

    V C Gopalratnam, CIO APJ, Cisco, SeshTirumala, VP, Cisco, Plamen Nedeltchev, Ph.D., DITE, Cisco

    The digital economy is the new productivity platform that some experts regard as the third industrial revolution. Digital revolution, also known as ‘The Internet Economy’ or Internet of Everything (IoE), is expected to generate new market growth opportunities, jobs and become the biggest business opportunity of mankind in the next 30 to 40 years.

    Goldman Sachs predicts that India – comprising 15% of the world population, with a growth rate of 7 to 8%, could be the second largest economy by 2030. India’s new leadership considers the digital economy as a major growth enabler. When Prime Minister Narendra Modi strategically listed “Digital India” among the top priorities for the new central government, he delivered a resounding nod to the digital economy’s opportunities.

    The Department of Electronics & Information Technology of India published  Internet of Things policy estimating IoT industry in India grow up to INR 940 billion, by 2020. Focus areas include agriculture, health, water quality, natural disasters, transportation, security, automobile, supply chain management, smart cities, automated metering and monitoring of utilities, waste management, oil and gas.

    Cisco estimates that all IoE pillars – Internet of things, Internet of people, Internet of data, and Internet of Process for India  have a value at stake (VAS) of INR 31.880 trillion (about half a trillion U.S. dollars) for the next ten years. From that INR 7.263 trillion is in the public sector and INR 24.616 trillion is in the private sector during the next decade.

    The estimated biggest opportunities listed in Table 1 are connected learning, smart grid, gas monitoring, and travel avoidance. The so-called “Payment” opportunity is listed with VAS of INR 1030 billion and “Connected Learning” is listed with VAS of INR 818 billion. The India opportunities are among two major groups: people/citizens with INR 1447 billion opportunity and cities with INR 5816 billionPrimary benefits of India’s public sector are increased revenue; reduced costs; higher employee productivity; improved safety and security; improved environment; enhanced citizen experience, and better health and well-being.

    Overall VAS in India’s private sector is calculated to be INR 24.616 billion as shown in Table 2.For the private sector, there are two categories of opportunities:cross-industry use cases with INR 5.860 trillion and vertical-industry use cases with INR 18.756 trillion.

    Prime Minister Modi’s vision for a Digital India is a strategic call to embrace the opportunity for India as one of the leaders in the third industrial revolution, and the use of Information and Communication Technologies (ICTs) that has never been greater.

    India’s leaders also acknowledge the digital economy’s potential and have substantially invested in digitalization for public and private sectors. The commitment of India’s government to spend Rs1.13T (US$19 billion) within the next five years strategically acknowledges the increasing value of Communication Technologies (ICTs).

    Nearly 40 percent of the global value at stake will have new winners and vendors in the next decade. This major opportunity of the digital economy has the power to change the lives of millions of people of India. It could be an important vehicle for change and it could provide the opportunity for India to dramatically expand its role and influence in the global economy and become a powerhouse of digital innovation..

    Check out: Top Technology Companies By Indians
    tag

    Information Technology

    Supply Chain Management

    Smart Grid

    IoT

    Weekly Brief

    loading
    Top 10 IT Service Companies - 2019

    Featured Vendors

    Wyntec

    Tom Freer, MD

    Basis Bay

    Praba Thiagarajah, CEO

    ON THE DECK

    IT Services 2019

    Top Vendors

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Accelerating Petcare Innovation through CRM and Digital Vision

    Accelerating Petcare Innovation through CRM and Digital Vision

    Miao Song, Chief Information Officer, Mars Petcare
    How Cloud Systems are Impacting Business Environments

    How Cloud Systems are Impacting Business Environments

    Martin Stegner, CIO, NOVUM Hospitality
    Digital Tack

    Digital Tack

    Claus Nehmzow, Chief Innovation Officer, Eastern Pacific Shipping Pte
    Brokering the Cloud Services

    Brokering the Cloud Services

    Eric Boyette, Secretary & State CIO, Information Technology
    Defining a Cloud Strategy: A Higher Education Paradigm

    Defining a Cloud Strategy: A Higher Education Paradigm

    Russell M. Kaurloto, VP and CIO, Clemson University
    The 4Ps of Digital Transformation in Pharmaceutical Industry

    The 4Ps of Digital Transformation in Pharmaceutical Industry

    Debraj Dasgupta, Operating Officer, Head of Strategy and Go-To-Market Planning Division, Nippon Boehringer Ingelheim
    Technology’s Role in The Care and Quality of Life for The Aged

    Technology’s Role in The Care and Quality of Life for The Aged

    Jose A Perez, Chief Information Officer, Hammondcare
    How ECM is Revolutionizing Organizations

    How ECM is Revolutionizing Organizations

    Thomas Phelps IV, VP of Corporate Strategy & CIO, Laserfiche
    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://it-services.apacciooutlook.com/ciospeaks/opportunities-for-india-in-the-digital-economy-nwid-38.html