TECHADE 2020: Digital Tech Opportunities

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NASSCOM report titled ‘TECHADE 2020 Digital Tech Opportunities’ highlights the nine technologies - three foundational technologies - Big Data and Analytics, Cloud Computing, and Cybersecurity - and six advanced technologies - Artificial Intelligence, Internet of Things, 3D Printing, Robotics, Blockchain, and Immersive Media - that will emerge as the bedrock in orienting solutions towards greater good at lesser cost.

Key Findings

Technologies in 2020-2030

Incumbent enterprises alone, aside of digital-native start-ups, will generate technology products and services worth USD 100 trillion by 2025
AI, IoT, and Robotics will become mainstream with significant cross-sector implementations

Key Business Impact

Producers will look for opportunities through data collection and analysis using advanced analytics and AI, IoT/Edge, and Cloud capabilities
Consumers will focus on building foundational strength with Cloud, Cybersecurity and Big Data Analytics

Techade Drivers

Establishing trust, precision, response agility to competition from non-traditional players, digital ethics, greater automation, and deeper partnerships to fuel innovation and encourage a continuous ‘fail-safe’ learning environment will push technological transformation

Outlook

Technology industry is likely to grow 4.5 per cent in 2020 to reach USD 2.5 trillion
Enterprise software is the fastest growing at 10.5 per cent
The nine technologies alone will collectively realize USD 33 trillion in global GDP by 2030

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