TECH BYTES – Monthly Tech Industry Bulletin October 2022

Highlights from NASSCOM Reports Released in September 2022

• India Technology Industry Compensation Benchmarking Survey Findings: 2022
• The Future Growth Sectors in Digital Engineering

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

• 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 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