TECH BYTES – Monthly Tech Industry Bulletin September 2022

Highlights from NASSCOM Reports Released in September 2022 

• Intelligent Automation - Powering End-To-End Business Process Automation At Scale 
• Quarterly Industry Review – August 2022 
• India GCC Trends- Quarterly Analysis Q2CY2022 
• India’s DeepTech Start-ups – Poised for Impact 

Key Insights 

• The size of the global intelligent automation market is anticipated to be $13.6 billion in 2022 (as estimated by Markets and Markets) and $26 billion in 2027 
• 93% and 96% of the "Transformers," or digitally advanced global organizations, anticipate to spend more on RPA/Intelligent Automation and AI/ML, respectively 
• Automation has been given a wider range thanks to the incorporation of AI/ML technologies, such as Computer Vision, Pattern Recognition, and NLP, which also overcomes RPA's shortcomings 
• The three main pillars supporting the worldwide hyperautomation market (expected to reach $596 billion in 2022) are Low-code, RPA, and Artificial Intelligence (AI) 
• The shift to the "Intelligent Enterprise" will be characterized by workforce transformation, real-time data access, and technological integration 

•  Digital Enterprise Maturity: Giant Strides in the Transformation Journey Since 2020- Panellists: Sabre Global Capability Center, Sony, Avasant 
• GCC Landscape: India Story - Panellists: EY GDS Consulting Finance, Version 1 
• Why Electric Vehicles are the Future? EV Market in India -Panellists: L&T Technology Services, Ather Energy 

• Tech Trends: Indian IT companies are focusing on expanding COEs and innovation hubs across the country as well as internationally. 
• ER&D Trends: Indian ER&D companies are opening Engineering R&D and innovation centres to expand their offerings and cater to different industries  
• Tech Start-ups: As of 30 July, 2022, 102 incubators received approval for Rs.375.25 Cr under the Start-up India Seed Fund Scheme (SISFS)