Over the last few decades, there have been astounding technical advances that have transformed the world. Technology has developed hundreds and thousands of resources and support, allowing us to obtain any information at the touch of a button. Today, about 4.4 billion individuals along with software development company in Delhi, utilise the internet. It’s a mind-boggling 56 per cent of the world’s population, with India coming in second.
IT technology in India is growing at an astounding rate, and those who cannot catch pace are simply left behind. Technology has altered how we interact, spend our money, or even watch television. There is no denying that the IT business is expanding rapidly.
The question is, can you use India’s IT skills to stay ahead of the competition? Is India on the cutting edge of technological advancement? Let’s look into it.
The History of Information Technology in India
In the past, India appeared to be a relative slacker amongst developing countries, particularly growth. What transformed that was the country’s IT revolution, which resulted in the Indian software industry having regarded amongst the most profitable in the world today.
The globalisation of software to sophisticated software organisations fueled growth in the IT industry in the late 1970s. It was fast, simple, and accessible in the uncharted territory of technology. Due to a severe shortage of qualified engineers capable of developing unique software, the early 1980s were about prepackaged software.
However, the 1990s saw project-driven software and services comeback, which fueled the Indian software industry’s ballooning strong growth. Soon after, a local industry emerged, and global corporations began to create their technology facilities in the country, starting with Texas Instruments in 1986.
The rest, as they say, is history! The Indian IT industry has been developing tremendously since the early nineties, with many stages of development and growth over the last 30 years. Today, India is regarded as one of the world’s largest digital centres. Digital technology, Ai, Cloud Computing, and other buzzwords are popular in the country.
What may we anticipate over the next 20 years?
There is little doubt that innovation and technology will radically alter the globe during the next two decades. As an IT firm investor, you must understand which techniques to deploy for your business to maintain a competitive advantage and earn big profits.
Here are a few IT technology advances that will be significant in the next 20 years.
Internet of Things
According to a survey conducted, more than 87 per cent of respondents intend to boost their IoT spending considerably over the next few years.
According to the poll, firms in the United States spent an average of $4.6 million on IoT in 2018 to digitally revamp their business strategies. Sensors will be integrated into the equipment, machinery, heating systems, security devices, and over the next 20 years, and IoT will play a significant role in this.
Robotics and artificial intelligence
Though the notion of artificial intelligence has been around for well over six decades, it has only recently gained popularity. With its passive operating power and memory, AI has the potential to revolutionise corporate tactics like nothing else. Self-driving cars, robotics, innovative instructional approaches, and even customised pharmaceuticals — AI is poised to take over, and it will.
Because of IT technical breakthroughs in the recent decade augmented reality isn’t a dream. Previously, the expenditures connected with AR meant that ventures were few; now, technologies have helped AR be accessible even on cellular phones. Augmented Reality will be used in schooling, arts, construction, military, and transportation in the long term – the opportunities are limitless.
Where does India stand in the never-ending IT race?
Every year, India generates almost 1.5 million engineers, which is only increasing. That implies that India is home to some of the industry’s most extraordinary skilled employees. And that isn’t all. India is the world’s biggest sourcing destination, responsible for more than 55 per cent of the US procurement business. India is become the world’s digital centre, having over 1,000 logistics and distribution hubs spread across 80 nations. Bangalore, India, is among the most competitive cities globally, frequently referred to as the Silicon Valley of Asia. The future has arrived, and it is unmistakably in India.
Will it be advantageous to outsource software development?
Employing cutting-edge IT technology necessitates the use of cutting-edge software and the most outstanding engineers. Although advanced software is cheap, the West’s persistent talent deficit offers a significant barrier. With more engineering openings than ever before, more and more businesses are turning to the only long-term option – overseas software development.
Companies such as an eCommerce website development company can obtain access to a broader talent pool of global engineers by going overseas and creating a development centre in countries like India. These English-speaking experts are technology gurus and devoted and hardworking professionals who become a value-added expansion of your current personnel.