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TECH BYTES - Monthly Tech Industry Bulletin November 2022

This monthly industry bulletin is our endeavor to aggregate and feature on a regular basis, key trends and insights shaping the technology sector. The information covered here is collated from publicly available sources and gives a bird’s eye view of what has happened in the technology sector during a particular month.

The report will focus on a theme for the month and Industry Facts

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Key Findings

What is New @nasscomR
  • Highlights from NASSCOM Reports Released in October 2022 
    • The Evolution of BPM Services | Cost, Outcomes, And Growth
    • Sustainability - Opportunity for Tech Services and Solutions
    • Fuelling Entrepreneurship - Start-Up Survey Findings And Policy Recommendations
    • State Of Open Innovation in India-Fostering Growth Through Collaboration
    • The India Web3 Startup Landscape: An Emerging Technology Leadership Frontier
    • Tech Start-Ups: Quarterly Investment Factbook – Deal Analysis (Q3 CY22)
  • Theme of the Month: State Of Open Innovation In India – Fostering Growth Through Collaboration
Key Insights
  • Open Innovation Ecosystem in India
    • Driving 500+ collaborative programs led by stakeholders like academia, investors, corporate and government
    • Open innovation matrix: Adopting in-house innovation to external collaboration; corporates adopting multiple ways to build business strength 
    • Diverse interlinkages and collaboration among all stakeholders; key behind open innovation growth  and collaboration among all stakeholders; key behind open innovation growth 
  • Open Innovation Benefits for Stakeholders
    • Corporates: Accelerated innovation, research expertise, cutting edge talent/ skills, new business opportunities
    • Start-ups: GTM, co-product development, product market fit, fund raising, mentorship and guidance 
    • Academia / Government/ Other institutions 
    • In-house R&D support, promoting innovation, scaling start-ups, ecosystem growth, operational efficiency  
Leader Talk: Discussion Series with Industry Experts on Niche Areas of Technology
  • 5G: Unfolding India’s Era of Digital Convergence - Panellists: Bharti Airtel Limited, Tata Communications 
  • Key GCC Trends In The BFSI Landscape | Tech Talks With NASSCOM Insights - Panellists: Zinnov, NatWest, Fiserv 
  • Tech Bytes – Monthly Tech Industry Bulletin
Tech Industry Insights- Trending Industry Themes
  • Tech Trends: Indian IT companies are focusing on expanding internationally through business centres as well as COEs and innovation hubs  
  • ER&D Trends: Indian ER&D companies are undertaking contracts and forming partnerships to deliver digital engineering services. Indian ER&D companies are helping companies digitally transform their processes 
  • Tech Start-ups: Indian unicorns continue to work on their acquisition strategy to build on their portfolio and capability for business growth. India is ready to host one of the world’s biggest start-up funding festivals 

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