Bangalore, November 21 2017: PricewaterhouseCoopers (PwC) in association with ASSOCHAM, has launched a knowledge paper on "Leveraging emerging digital technologies for India's transformation 2017.
The paper focuses on how the emerging technologies—AI, robotics, IoT, the blockchain, cloud, AR and VR—can further the objective of India’s digital transformation.
It examines recent developments in the space and future areas of application across different sectors, the expected social and economic impact of emerging technologies on businesses and individuals, potential threats and downsides that need to be mitigated, possible approaches towards bridging the skill gap as well as potential areas of policy planning for creating a nurturing environment for emerging technology development, adoption and innovation.
Says Arnab Basu, Partner and Leader Technology Consulting PwC India:"Organisations have been redesigning their products, services, channels and operations in order to grow their revenue through the convergence of emerging technologies such as the Internet of things (IoT), artificial intelligence (AI), robotics, cloud, blockchain, augmented reality (AR) and virtual reality (VR). Alongside large firms, start-ups too have mushroomed and contributed significantly towards the growth and adoption of emerging technologies in India. Smaller and nimbler start-up organisations are now becoming potent challengers to the existing market leaders through innovation and the adoption of newer technologies."
"The large-scale initiatives of the government, aimed at economic galvanisation and inclusion, such as Make in India, Digital India and Skill India, have begun to look at and leverage the above emerging technologies to create efficiencies and increase reach across the population at lower costs."
"Technology innovation in India, however, remains fragmented and inefficient. Support structures and productivity accelerators like IT and network infrastructure, funding, talent base and regulations have scope for cooperative expansion and evolution."
We bring you key extracts from the ASSOCHAM-PwC study in our special feature section.