Source: LiveMint.com, Jan 01, 2018
The convergence of information, ubiquitous connectivity and technology heralds a new India that is marked by societal and entrepreneurial transformation. Advanced technologies such as Artificial Intelligence (AI), M2M (machine to machine), IoT (Internet of Things) and analytics will most certainly bring India closer to realizing its dream of creating a $1 trillion digital economy by 2022.
KPMG, along with India Mobile Congress, in its recently released report titled New Digital Horizon: Connect, Create And Innovate, highlights the finding of a KPMG Technology Innovations Lab survey, which ranks India as third in the tech leadership charts for countries showing most promise for disruptive technological breakthroughs that will have a global impact. The survey ranked IoT, followed by AI and robotics, as the leading game changers in ushering the digital revolution and highlighted media and entertainment, followed by automotive, retail, FS and education, as likely sectors that are going to be disrupted the most.
As we see technology traversing through different industries, the telecom sector providing global connectivity has a huge role to play. Yet, it has so far not been able to reap benefits from this growth. To ensure that they remain the epicentre of the growth, telcos will have to reinvent their business models beyond connectivity to take on a role of a platform where new technologies converge to create industry-specific solutions. Read the rest of this entry »