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TECH BYTES – Monthly Tech Industry Bulletin November 2022

November 11, 2022 22333 1 nasscom insights

TECH BYTES – Monthly Tech Industry Bulletin November 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 October 2022

  • The Evolution of BPM Services | Cost, Outcomes, And Growth
  • Sustainability - Opportunity for Tech Services and Solutions
  • Fuelling Entrepreneurship - Start-Up Survey Findings And Policy Recommendations
  • State Of Open Innovation in India-Fostering Growth Through Collaboration
  • The India Web3 Startup Landscape: An Emerging Technology Leadership Frontier
  • Tech Start-Ups: Quarterly Investment Factbook – Deal Analysis (Q3 CY22)

 

Theme of the Month: State Of Open Innovation In India – Fostering Growth Through Collaboration

 

Key Insights

  • Open Innovation Ecosystem in India
  • Driving 500+ collaborative programs led by stakeholders like academia, investors, corporate and government
  • Open innovation matrix: Adopting in-house innovation to external collaboration; corporates adopting multiple ways to build business strength
  • Diverse interlinkages and collaboration among all stakeholders; key behind open innovation growth
  • Open Innovation Benefits for Stakeholders
  • Corporates: Accelerated innovation, research expertise, cutting edge talent/ skills, new business opportunities
  • Start-ups: GTM, co-product development, product market fit, fund raising, mentorship and guidance
  • Academia / Government/ Other institutions
  • In-house R&D support, promoting innovation, scaling start-ups, ecosystem growth, operational efficiency

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

  1. 5G: Unfolding India’s Era of Digital Convergence - Panellists:Bharti Airtel Limited, Tata Communications
  2. Key GCC Trends In The BFSI Landscape | Tech Talks With NASSCOM Insights - Panellists: Zinnov, NatWest, Fiserv
  3. Tech Bytes – Monthly Tech Industry Bulletin

 

Tech Industry Insights- Trending Industry Themes

  • Tech Trends: Indian IT companies are focusing on expanding internationally through business centres as well as COEs and innovation hubs
  • ER&D Trends: Indian ER&D companies are undertaking contracts and forming partnerships to deliver digital engineering services. Indian ER&D companies are helping companies digitally transform their processes
  • Tech Start-ups:Indian unicorns continue to work on their acquisition strategy to build on their portfolio and capability for business growth. India is ready to host one of the world’s biggest start-up funding festivals

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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