Technological evolution is a top priority for businesses seeking to remain competitive in today’s fast-paced, technology-driven world. But equally, the Indian government has realised its transformative potential, and has demonstrated unwavering commitment to reshaping India’s digital journey through initiatives such as Digital India, in addition to numerous initiatives of building public digital platforms, scaling up digital infrastructure, and supportive policies.
The revenue of India's technology industry in FY2023 (8.4% y-o-y growth) – NASSCOM report
These initiatives have laid the groundwork for Indian companies for technology adoption. The uptake of advanced technologies such as data analytics, big data, artificial intelligence (AI), machine learning, IoT, and others is on the rise. In response to the evolving business needs and an unprecedented demand for enhanced capabilities in data storage and processing, organisations are reassessing their IT infrastructure priorities. Enterprises are exploring innovative methods to modernize their current infrastructure, recognising that incorporate these cutting - edge technologies, development of new AI models, demand a distinct level of computing power. Consequently, there has been a notable expansion of data centers and a widespread adoption of cloud.
The figure India's AI investments are expected to reach in FY2023 - 31.8% CAGR, as per NASSCOM’s latest AI adoption index
The estimated market size of data center businesses in India by 2027, with a CAGR of 5.84%
The value-add from cloud to India’s GDP by 2026, as per a NASSCOM report. This represents 8% of GDP
Furthermore, as the technology landscape continues to evolve, businesses must stay informed about the latest cybersecurity practices, invest in robust security measures, ensure data security and privacy, and collaborate with reliable cloud service providers to ensure a secure and resilient cloud infrastructure.
The average cost of a data breach in India in 2023, according to IBM. This is a 28% increase since 2020.
Faced with a slew of opportunities and challenges, leaders must strategically invest in emerging technologies and fortify existing structures as well. Seen together, businesses must develop a comprehensive strategy that involves identifying business goals, evaluating data needs, establishing data governance policies, and selecting the appropriate technology to fit their unique use cases.
With tech leaders at the forefront of driving business growth, Team Marksmen Network takes pride in orchestrating a platform that assembles experts spanning the entire technology spectrum across various industries in April 2024. The inaugural edition of Xccelerate 2024 guarantees a day filled with enriching insights, featuring multiple tracks that delve into the key facets of the current landscape of the Indian Tech Industry.
Brochure Register NowConnect and network with industry leaders across sectors
Become A Sponsor
Discover the potential of groundbreaking sessions showcasing real-world technological innovations. Gain insights from industry thought leaders as they discuss the technology that will bring the most thrilling implications for businesses.
Emerging technologies has the power to revolutionize industries. Delve into transformative technology use-cases presented by successful early adopters and pioneers.
Showcase of latest innovations, with a primary emphasis on empowering businesses and organizations to adopt resilient products and solutions.
Brainstorm and exchange ideas with some of the greatest minds in Technology. Our panel includes the likes of seasoned, experienced and accomplished veterans from the future-tech sector looking to find the very best solutions that will change the industry.
Discover cutting-edge technology trends and their business implications.
Explore highly effective digital transformation strategies
Gain insights from prominent technology experts spanning various industries
Network and share insights with peers in the industry
Interact with next-generation technology service providers