The biggest advantage of information technology is that it allows people to do what they want to do. It allows people to be creative. It increases people’s productivity. In a sense, all possibilities are possible.” – Remarks to famous American CEO and former CEO of Microsoft Steve Ballmer.
As the quote above suggests, information technology (IT) is a market full of opportunities ready for use by growth-oriented players. This is one of the fastest growing technology markets in the world and will change the way we view various aspects of life.
In India, information technology is one of the largest sectors in the country and one of the key technologies leading several innovative projects across the country.
According to a report released by the American Equal Markets Foundation (IBEF), India is the world’s largest source of information technology industry, accounting for nearly 67% of the market.
It consists of four broad segments: IT services, business process management (BPM), software products and engineering services, and hardware.
In addition to changing India’s perception of global platforms, the report also states that the Indian IT industry plays an important role in leading the country’s economic development.
This department has become one of the largest employers in the country, and more than 10 million people have worked so far. In terms of market size and growth, this sector is expected to grow at a rate of 12-14% in constant currency and is estimated to be worth US $ 350 million by 2025.
Explore top trends that are moving in the same direction to determine how the IT industry will succeed in the coming years.
Recently, some players have started offering telematics systems to intelligent machines based on the Internet of Things (IoT).
This provides a wide range of security solutions.
These devices typically consist of the vehicle’s hardware and a companion mobile app for the customer’s phone that can be synchronized to their cloud intelligence infrastructure. Major benefits of telematics systems include navigation, wireless network connectivity, diagnostic / remote data management, and flight and security security.
Artificial Intelligence (AI)
Over the past few years, artificial intelligence or AI has become a hot topic among the masses as well as industry giants. As the name implies, AI refers to the level of intelligence exhibited by a computer machine, that is, a device that can recognize surrounding situations and perform actions based on that awareness.
Simply put, this term is mainly used to define the moment when a machine can mimic cognitive functions such as problem solving and reasoning. While the meaning is discussed by most industry experts, artificial intelligence can certainly transform the IT department in the coming years.
Virtual reality (VR)
Virtual reality (VR) has been blocked for some time, but this technology is far from successful and its applications have been successful in many industries.
VR technology combines physical space with a fake environment, allowing users to experiment and move into a virtual world via a VR headset. VR is already in use in various segments such as banking, healthcare, education, arts and entertainment, and is being developed for use in more areas in the future.
The smart things
Smart is one of the latest hybrid technologies on the block and promises to better destroy the IT arena. By combining artificial intelligence with the Internet of Things (IoT) aspect, intelligent refers to objects that can predict actions based on human use.
These smart devices are becoming increasingly popular and increasingly common all over the world. Major examples include home appliances, medical devices, and automobiles.
Intelligent apps are now becoming the norm because people can manage their daily activities very easily without the hassle. These smart apps can respond to voice commands and increase efficiency.
Judging from these positive facts, it is becoming increasingly clear that advances in the field of information technology will drive national growth and become a key factor in creating product and service tools in the future.