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TECH BYTES – Monthly Tech Industry Bulletin August 2022

August 10, 2022 4752 0 nasscom insights

TECH BYTES – Monthly Tech Industry Bulletin   August 2022

This monthly industry bulletin is our endeavor to aggregate and feature on a regular basis, key trends and insights shaping the technology sector. The information covered here is collated from publicly available sources and gives a bird’s eye view of what has happened in the technology sector during a particular month. The report will focus on a theme for the month and Industry Facts

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Key Highlights

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Highlights from NASSCOM Reports Released in July 2022

  1. Healthcare in India – Transforming through innovation
  2. Tech Start-ups Quarterly investment Factbook (Q2 CY22)
  3. Future of Cloud and Its Economic Impact: Opportunity for India
  4. Digital Enterprise Maturity 3.0- Boosting Business Resilience Through Technology
  5. The Future Is Electric- Discussion Paper on Electric vehicles in India

 

Theme of the Month: Digital Enterprise Maturity 3.0 - Boosting Business Resilience through Technology

Key Insights

  • State of Technology Adoption- 67% enterprises spend 4%+ of revenue on IT; ~33% earmark >30% of IT budgets for digital spend
  • NASSCOM-Avasant Digital Enterprise Maturity model-Three dimensions, namely Digital Strategy and Investments, Technology Adoption, and Digital Talent and Five Maturity Categories: Beginner, Follower, Striver, Accelerator, and Transformer form the Digital Enterprise Maturity Index
  • Key attributes of Transformers: Transformers are the most digitally mature organizations, 60%+ are large; midsized ones evolving fast, particularly in APAC, 38% spent >4% of FY2022 revenue on digital

 

Leader Talk: Discussion Series with Industry Experts on Niche Areas of Technology

1) Hybrid Models of Work- Panellists: Randstand India, Zing HR, Adrenalin e Systems

2) Future of Cloud and its Economic Impact: Opportunity for India- Panellists: Mahindra Group, Patanjali Ayurved Ltd, AWS India, Jio Platforms Ltd

3) Software Testing - Trends & Opportunities-Panellists: ImpactQA, Cigniti Technologies, GS Lab

Tech Industry Insights- Trending Industry Themes

  • Tech Trends: Q1FY23 results starts on a positive note, MNCs expanding to tier 2 cities
  • ER&D Trends: Indian ER&D companies opening new innovation centers in global locations, assisting in digital transformation, jointly manufacturing systems and solutions with their partners to solve industry problems
  • Tech Start-ups: two new unicorns added, incubator set up to help startups in tier-2/3 cities, Bihar Start-up policy

Community by nasscom Insights is focused on building the largest online community catering to the Indian technology sector. The purpose of the community is to bring the latest trends and discussions onto a single platform. Our passion for tech drives the free-flowing exchange of ideas and visions from industry leaders and game-changers across India.



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