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TECH BYTES – Monthly Tech Industry Bulletin October 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 September 2022

  • India Technology Industry Compensation Benchmarking Survey Findings: 2022
  • The Future Growth Sectors in Digital Engineering
Theme of the Month: NASSCOM AI ADOPTION INDEX 2022

Key Insights

  • Industrials and Automotive sector have traditionally lagged in its AI adoption pace but is gearing momentum with focus on PoC-to-production, formal AI strategy, and Cloud investments
  • 30% of the surveyed BFSI companies, across size and sub-sector classification, are yet to begin a planned AI journey and are still exploring AI for applicability, viable use cases through PoCs, and a clearly explainable RoI
  • Retail sector in India, contributing about 10% to India’s GDP shows great promise for future growth. It is expected to touch $1.4 tn. by 2024
Leader Talk: Discussion Series with Industry Experts on Niche Areas of Technology
  • Key Trends and Insights shaping the Indian Technology Sector
  • AI-driven Automation Post Pandemic | Artificial Intelligence | Automation | Tech Talks
  • Future of Work Implications for India's Tech Industry | Tech Talks with NASSCOM Insights
Tech Industry Insights- Trending Industry Themes
  • Tech Trends: Launch of CoE for Digital Workplace which will act as a testing and validation center for digital tech platform designs and solutions
  • ER&D Trends: Companies are opening ER&D centers in India and abroad in the area of automotive and healthcare
  • Tech Start-ups: Global initiative launched by government to help and grow start-up

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