3 Reasons why Future of Information Technology in India is Booming

Information Technology in India 

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Future of Information Technology in India 
India’s contribution to the field of information technology. Information Technology in India is larger than that of any other country in the world. It is true that India has lost its edge after economic liberalization, but still, it has done some great stuff in the past.
Nowadays, India is the second-largest software exporter in the world, accounting for 20.5% of the global share.
Although it is still stereotyped as retail, India’s fastest-growing industry is software services, which accounts for $35 billion, or half of India’s technology exports. This software boom has had such a profound impact on the economy that today the country is considered a giant in the computer world.
As a stakeholder in an IT company, you must know the technology that will replace your current software in the next 5 to 10 years. If you do not know which upcoming technology or innovation will replace your current software, it is a major disadvantage for your business. With little time, effort and money consequently, you can modernize your company’s Information Technology infrastructure to drastically improve productivity and reduce the risk of expensive Information Technology problems.

Technology which will be changed in upcoming 20 years 
The Internet of things (IoT) is actually a system with physical objects or ‘things’ that are directly connected to the internet without any human intervention. They can connect to each other, and they can be at any given location – be it your office, or factories, or in your homes. They enable data communication between these physical things using internet as the medium.

Artificial Intelligence and Robotics 
Artificial Intelligence and Robotics are two of the most fascinating fields to work in. They can be used in a variety of sectors and for a variety of tasks. Transport, manufacturing, health, education and even customer service – all of these can be solutions for automation using AI and robotics, which is why we are going to cover the basics of these breakthrough technologies along with their many applications.

Augmented Reality 
Augmented Reality is a live direct or indirect view of a physical real-world environment whose elements are augmented or merged with the aid of advanced computer technology. Augmented reality involves the integration of online computer-generated data with live real-world visual perception, in order to provide or enhance the user’s sense of presence and environment. The term was originally coined in 1990s to describe an evolving technology that combines real-world and computer-generated components, but its current manifestations have surfaced only recently.

Where is India in this never-ending Information Technology race?  
Well, right at the top, of course. India is a country that produces over 1.5 million engineers year after year – a number that is only climbing. That’s why India is the best in the IT industry. And that’s not all. India is the leading sourcing destination in the world, accounting for over 55% of the market share of the United States and European business. The key success factors include the country’s cost competitiveness, skilled labor force, and supply base, a liberal system of doing business, English speaking and computer-savvy manpower, attractive trade policies, and tax incentives
From education to outsourcing, India is one country that is taking the world by storm. India is home to the largest IT industry in the world. With over 1.3 million people employed by this $87 billion industry, India is aiming to achieve a $350 billion IT spend by 2020 that will propel it ahead of China in terms of revenue.

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