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TECHADE 2020: Digital Tech Opportunities

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.

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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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